How much is a lunch with Warren Buffett worth to you?


A lunch with Warren Buffett auctioned on eBay was worth $250,100 to the guy who runs New York hedge fund Greenlight Capital, David Einhorn, in 2003, and last year the winning bid was $351,100.

Why does the second richest man in the world want you to buy him a lunch?
Well, the lunch is a yearly charity event that started in 2000. The proceeds go to the Glide Foundation, a San Francisco nonprofit organization.  The Glide Foundation runs 86 programs including feeding the homeless, working with children of drug addicts and rehabilitating gang members.

The winner of the auction will join seven other people for a lunch courtesy of Smith & Wollensky in one of their upscale steakhouses in New York.  Together they will share a lunch and a private conversation with Buffett.

Warren Buffett is the world's second-richest man after Bill Gates and his personal worth is estimated at over $40 billion.  If people buy one share of Berkshire Hathaway Class A for $90,000, or pay $3,000 for Class B just to be allowed in the annual share holder meeting with Warren Buffett, then it shouldn't surprise anyone that people bid hundreds of thousands of dollars for a more private audience with "the sage of Omaha".

The lunch auction should begin June 22 on eBay at a starting bid of $25,000.  We will be monitoring the auction closely and wish good luck to all those who put in a bid.

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