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


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