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

    Why Jerusalem is not the capital of Israel

    Why Jerusalem is not the capital of Israel

    No country in the world recognises Jerusalem as Israel's capital.

    Inside the world of Chinese bitcoin mining

    Inside the world of Chinese bitcoin mining

    China is one of the main exchange markets and hosts some of the biggest bitcoin 'mining pools' in the world.

    Africa is not poor, we are stealing its wealth

    Africa is not poor, we are stealing its wealth

    It's time to change the way we talk and think about Africa.