Whopping $19 million for lunch with guru

A wealthy person has bid a record $19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity organisation.

The winning bid at the eBay auction, which ended on Friday, far surpassed the previous record of $4.57 million paid in 2019 by cryptocurrency entrepreneur Justin Sun.

Proceeds benefit Glide, a nonprofit organisation in San Francisco’s Tenderloin district that helps the poor, homeless or those battling substance abuse.

This year’s winner chose to remain anonymous. An eBay spokeswoman said the lunch was the most expensive item ever sold on the company’s website to benefit charity.

Buffett, 91, the chairman and CEO of Berkshire Hathaway Inc, raised about $53.2 million for Glide in the 21 auctions, which began in 2000.

“It’s been nothing but good,” Buffett said in a statement. “I’ve met a lot of interesting people from all over the world. The one universal characteristic is that they feel the money is going to be put to very good uses.”

No auctions were held in 2020 and 2021 because of the Covid19 pandemic.

Buffett began supporting Glide after his first wife, Susan, introduced him to the charity, where she had been volunteering. Susan Buffett died in 2004. Buffett has pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.

This year’s auction winner and up to seven guests will join Buffett at the Smith & Wollensky steakhouse in Manhattan.

Buffett will talk about almost anything, but not where he may invest next.

Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc and Bank of America Corp.

Buffett still owns nearly 16% of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.