Lunch with Warren Buffett Hammered for $3.3-M this Year
The winning bid for a lunch with the billionaire investor in a week-long charity auction that concluded Friday on EBay Inc.’s (NASDAQ:EBAY) website.
This year’s price was short of the $3.46-M record, ranking 3rd in the event’s history. And for a 3rd straight year, the auction’s winner asked to remain anonymous, organizers said.
Mr. Buffett, 87 anni, has participated in the annual auction for almost 20 years to benefit Glide, a San Francisco-based charity.
The lunch with Mr. Buffett generally brings in more than 10% of the organization’s budget and helps fund projects that address hunger, poverty and homelessness.
This year’s auction will aid the charity, which has seen the demand for its services skyrocket, according to Glide’s President and CEO Karen Hanrahan.
“It was spectacular,” Ms. Hanrahan said of the auction in an interview. “This is just an extraordinary gift that Warren gives to Glide.”
The winner of the auction gets to bring 7 friends to a lunch with Buffett at Smith & Wollensky, a New York steak house.
Ted Weschler submitted the highest offer in Ys 2010 and 2011. He got a job in Y 2011 with company and now helps oversee Berkshire Hathaway Inc.’s (NYSE:BRK.A) investments.
As Berkshire’s CEO, Mr. Buffett built the company into a $475-B corporation in sectors from insurance to railroad industry and beyond.
Bidding for this year’s luncheon started on 27 May garnering a total of 136 bids.
“Glide really takes people who have hit rock bottom and helps bring them back,” Mr. Buffett said in a statement. “They’ve been doing it for decades. If I can help out by raising some money for them, then I enjoy doing it.”
|2003||David Einhorn, Greenlight Capital||$250,100|
|2004||Jason Choo, Singapore||$202,100|
|2006||Yongping Duan, California||$620,100|
|2007||Mohnish Pabrai, Guy Spier, Harina Kapoor||$650,100|
|2008||Zhao Danyang, Pure Heart Asset Management||$2,110,100|
|2009||Salida Capital, Canada||$1,680,300|
|2014||Andy Chua, Singapore||$2,166,766|
|2015||Zhu Ye, Dalian Zeus Entertainment Co.||$2,345,678|
|NYSE:BRK.A||289200||1 Jun 2018||2000.00||290080||291000||288470||200|
|HeffX-LTN Analysis for BRK.A:||Overall||Short||Intermediate||Long|
|Neutral (-0.20)||Neutral (-0.18)||Bearish (-0.25)||Neutral (-0.17)|
Have a terrific weekend.
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