Visit Indian Travel Sites
Goa,
Kerala,
Tamil Nadu,
Andhra Pradesh,
Delhi,
Rajasthan,
Uttar Pradesh,
Himachal Pradesh,
Assam,
Sikkim,
Madhya Pradesh,
Jammu & Kashmir
Karnataka
|
Lunch with Warren Buffett fetches $3.5m at charity auction | The cost to dine with Warren Buffett has sky rocketed in value, with one deep-pocketed bidder forking over nearly 3.5 million dollars during a charity auction. The annual auction for a private lunch with the Nebraska billionaire
closed following a flurry of activity in the final hours Friday night. In the
end, the highest bid was a record-breaking 3,456,789 dollars, the New York Post
reported. The auction benefits the Glide Foundation, which helps the homeless
in San Francisco . Buffett has raised more than 11.5 million dollars for the group
in 13 past auctions. The event provides a significant portion of Glide’s roughly
17 million dollars annual budget that pays for social services to the poor and
homeless. “We just had a most amazing, shocking experience occur in our great
city,” the New York Post quoted Glide’s founder, the Rev. Cecil Williams, as saying
in a statement Friday night. “We are shouting, dancing, rejoicing and celebrating,”
Williams said. The organization said Friday’s winner wished to remain anonymous.
Williams said 10 people actively engaged in bidding. As in past auctions, the
bids didn’t reach astronomical levels until close to the end. Within the final
hour of the auction’s 9:30 p.m. CDT closing, bids jumped from 1 million dollars
to the final 3.46 million dollars. Buffett has supported the San Francisco organization
ever since his late first wife, Susan, introduced him to Williams. Buffett said
that Williams is a key reason why Glide has been able to help so many people after
the world had given up on them. “He’s changed thousands of lives that would not
have been changed otherwise,” Buffett said before the bidding closed. The previous
four winning bids have all exceeded 2 million dollars with records set every year.
Last year’s winner, hedge fund manager Ted Weschler, paid 2,626,411 dollars.
|
|
|
|
|
|