[QODLink]
Americas
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.
Last Modified: 09 Jun 2012 05:08
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.

131

Source:
AP
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
The Pakistani government is proposing reform of the nation's madrassas, which are accused of fostering terrorism.
Weaving and handicrafts are being re-taught to a younger generation of Iraqi Kurds, but not without challenges.
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Featured
After years of rapid growth, Argentina is bracing for another economic crisis as inflation eats up purchasing power.
Deaths of 13 Sherpas in Nepal has shone a light on dangerous working conditions in the Everest-climbing industry.
Al Jazeera investigation uncovers allegations of beatings and rape in Kenya's ongoing anti-terrorism operation.
Incumbent Joyce Banda has a narrow lead, but anything is possible in Malawi's May 20 elections.
Western fighters have streamed into the Middle East to help 'liberate' Arab countries such as Syria and Libya.
join our mailing list