In final Warren Buffett charity lunch, $19 million raised

Robert Besser
22 Jun 2022, 00:20 GMT+10

A $19 million bid has won a charity auction for the opportunity to dine with financier Warren Buffett.
The auction was conducted by eBay last week, far surpassing the earlier years' highest bid of $4.57 million paid in 2019 by cryptocurrency entrepreneur Justin Sun.
Money from the auction is donated to Glide, a nonprofit charity in San Francisco that helps the poor, homeless or those battling substance abuse.

San Francisco, California: A $19 million bid has won a charity auction for the opportunity to dine with financier Warren Buffett.

Officials said this is the 21st year Buffett auctioned a lunch with himself, and will also be the final auction.

The auction was conducted by eBay last week, far surpassing the earlier years' highest bid of $4.57 million paid in 2019 by cryptocurrency entrepreneur Justin Sun.

The identitity of the new winner has not been disclosed.

Money from the auction is donated to Glide, a nonprofit charity in San Francisco's Tenderloin district that helps the poor, homeless or those battling substance abuse.

Buffett, who is 91, is chairman and chief executive of Berkshire Hathaway Inc. In past years he has raised more than $53.2 million for Glide in auctions, which began in 2000.

An eBay spokeswoman noted that this was the most expensive charity bid ever received on the company's website.

Buffett began supporting the charity after his late wife became a volunteer.

As of last week, Buffett was worth $93.4 billion, ranking seventh worldwide, according to Forbes magazine.

Buffett has pledged to give away most of his fortune.

The winner of this year's auction will dine with Buffet at Manhattan's Smith and Wollensky steakhouse.

Rules for the lunch include that Buffett will talk about almost anything, except where he might next invest.

Buffet's Berkshire owns companies, including BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and large blocks of stocks, including Apple and Bank of America.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Manila Metro.

More Information

32 ℃

Mostly Cloudy in Manila/Aquino

Asia Pacific

Section

Shanghai Disney opens gates after city ends Covid lockdowns

SHANGHAI, China: Walt Disney Company reopened Shanghai Disneyland on 30th June, one month after the city lifted a two month ...

Tuvalu pulls out of UN ocean conference after China blocks Taiwan

LISBON, Portugal: Tuvalu Foreign Minister Simon Kofe walked out of the opening cermonies of this week's United Nations Ocean Conference ...

To counter Chinese, US, Japan, Australia, UK create Pacific group

WASHINGTON D.C.: The White House has reported that the U.S., Australia, Japan, New Zealand and the UK have created an ...

Samsung to pay Australia $9.7 million over false waterproof claims

CANBERRA, Australia: Samsung Electronics has been fined $9.65 million by Australia for releasing nine misleading advertisements about the untrue water-resistance ...

Mattis: Putin Goes to Bed at Night 'Fearful'

SEOUL, SOUTH KOREA - Former U.S. Defense Secretary Jim Mattis on Friday lobbed insults at Russian President Vladimir Putin and ...

China's Xi swears in new Hong Kong leader

President led the ceremony as the region marked the 25th anniversary its handover from British ruleChinese President Xi Jinping has ...

International

Section