Cost to dine with investor Buffett spikes

Annual charity auction for a private lunch with the US billionaire sees record bid over nearly $3.5m.

    Cost to dine with investor Buffett spikes
    US President Barack Obama awarded the 2010 Medal of Freedom to investor, philanthropist Warren Buffett [AFP]

    The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5m.

    The annual charity auction for a private lunch with the US billionaire closed on Friday night following a flurry of activity in the final hours. In the end, the highest bid was a record-breaking $3,456,789m. 

    The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5m for the organisation in 13 past auctions.
      
    The organisation says Friday's top bidder wishes to remain anonymous. Last year's top bid was $2.6m.

    Buffett became one of the world's richest men while building Berkshire Hathaway into a conglomerate. But he says most of the questions he gets at the lunches are not about investing.

    SOURCE: AP


    YOU MIGHT ALSO LIKE

    Double standards: 'Why aren't we all with Somalia?'

    Double standards: 'Why aren't we all with Somalia?'

    More than 300 people died in Somalia but some are asking why there was less news coverage and sympathy on social media.

    The life and death of Salman Rushdie, gentleman author

    The life and death of Salman Rushdie, gentleman author

    The man we call 'Salman Rushdie' today is not the brilliant author of the Satanic Verses, but a Picassoesque imposter.

    The Beirut Spy: Shula Cohen

    The Beirut Spy: Shula Cohen

    The story of Shula Cohen, aka The Pearl, who spied for the Israelis in Lebanon for 14 years.