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Early bids for latest charity lunch with Buffett exceed $3 million

OMAHA, Neb. (AP) — Bidding for a final private lunch with Warren Buffett, an event that raised tens of millions for a California charity, has already topped $3 million.

It will be the first private lunch offered with the billionaire since a record high bid in 2019. The last two auctions have been canceled due to the pandemic and Buffett said it will be the last.

The online auction raising money to support the Glide Foundation’s work to help the homeless in San Francisco began Sunday and runs through Friday evening.

So far, only four bidders have participated and bumped the price up to $3,000,100, but the biggest bids usually don’t come until the end of the eBay auction. Bidding at the latest event reached an all-time high of $4,567,888.

Buffett has raised nearly $34.5 million for Glide since the auction began in 2000. Many past winners have paid high prices for the chance to pick Buffett’s mastermind over investing and talk life lessons with the 91-year-old.

Glide won Buffett’s support when his first wife, Susie, introduced him to the charity after he started volunteering there. He said Glide impressed him with how he helps people in difficult circumstances find hope in life. Glide provides meals, health care, job training, rehabilitation, and housing assistance to the poor and homeless.

Buffett’s Omaha, Nebraska, conglomerate, Berkshire Hathaway, has an eclectic assortment of more than 90 companies, including BNSF Railroad, Geico Insurance, several major utilities, and a number of manufacturing and retail businesses . Berkshire also has large equity investments in Apple, Bank of America, Chevron, Coca-Cola and other companies.

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Post expires at 12:39am on Saturday June 25th, 2022