A lunch with Warren Buffet successfully raises $2.17 million for Charity- Big Story

Over the past fifteen years, Glide was able to receive more than $16 million from the Buffett Lunch Auctions and the figure is raising… lunch with Warren Buffett

You have to believe this:

In the 4th biggest winning bid ever in an annual charity auction, a man from Singapore won the bid for $2.17 million to have lunch with Warren Buffett. The winner was identified by San Francisco-based Glide Foundation’s representative as Andy Chua from Singapore. Glide Foundation gets 100 percent profits from the sale.

Andy Chua placed the winning bid just 6 minutes before the end of the online auction (10:30 p.m. ET, Friday). Compared to the last year’s bid of $1 million by an anonymous bidder, this year’s bid is much more than two times of the previous bid. The record of the highest bid was made in 2012 when an anonymous bidder placed a bid of around $3.45 million. The 2010/2011 auctions were both won by Ted Weschler for more than $2.6 million each time. He is currently the portfolio manager at Berkshire Hathaway.

Lunch-with-Warren-Buffett1

lunch with Warren Buffett (Image Source:www.biz.uiowa.edu)

Over the past fifteen years, Glide was able to receive more than $16 million from the Buffett Lunch Auctions. Organization’s co-founder and also the Minister of Liberation, Reverend Cecil Williams said “Our true mission at Glide has always been to serve the poor first and foremost and Mr. Buffett’s generosity helps us do that in a powerfully human way.”

The winning bidder along with seven other people gets the rare opportunity to share a lunch with Warren Buffett at New York’s Smith & Wollensky steakhouse. Some of the winners over the past also choose to meet him at his hometown Omaha.

Here are quick details about the winning bids since 2000.

2000 – $25,000, 2001 – $18,000, 2002 – $25,000, 2003 – $250,100, 2004 – $202,100, 2005 – $351,100, 2006 – $620,100, 2007 – $650,100, 2008 – $2,110,100, 2009 – $1,680,300, 2010 – $2,626,311, 2011 – $ 2,626,311, 2012 – $3,456,789, 2013 – $1,001,000, 2014 – $2,166,766

You may also like...