Wanna have lunch with Warren Buffett? It costs Rs. 31cr
What's the story
It's a no-brainer that getting lunch with Warren Buffet is not easy-peasy. After all, he's the third-richest person in the world. But would you have imagined that lunching with the Berkshire Hathaway chairman and CEO would set you back $4.5 million (Rs. 31cr)? If you are having trouble comprehending that figure, just think of buying a Bugatti Chiron and trading it for *one* lunch.
Details
A lunch with Buffett auctioned at record bid $4,567,888
Actually, it's not that profligate. It's all for charity. San Francisco-based charity organization Glide Foundation recently auctioned a private lunch with Buffett on eBay and the winning bid was $4,567,888- a million dollars over the previous record. The auction closed on May 31 and the bidder remains anonymous. This is the 20th year in a row that Buffett is auctioning off a lunch.
Information
Bidder wins lunch with Buffett at Smith & Wollensky steakhouse
The winning bidder bags a lunch date with Buffett (with up to seven friends) at New York's premier steakhouse Smith & Wollensky in Midtown Manhattan. Notably, Buffett has raised over $30 million for Glide through these annual lunches.
Quote
All winners feel like they've gotten money's worth: Buffett
Buffett said, "The one universal characteristic with all the winners is that they have a good time and feel like they've gotten their money's worth." Glide President Karen Hanrahan told Reuters, "Buffett is committed to continuing the auction as long as he's able. He's been a thought partner in thinking through Glide's future, and how to set it up for the next 50 years."
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Glide Foundation directs funds to help San Francisco's homeless
Through this initiative, every year Glide Foundation raises money to help San Francisco's homeless. Glide provides roughly 2,000 free meals a day, and also divulges funds for shelter, HIV/Hep C tests, job training, children's daycare, and after-school programs.
Lifestyle
Did you know Buffett actually eats McDonald's and loves Coca-Cola?
Interestingly, Buffett himself is pretty low-maintenance. One might think that he indulges in lavish, full course meals, but the 88-year-old actually survives on a diet of McDonald's, diet coke, Utz potato sticks and Dairy Queen Sundaes. With a net worth of $81.6 billion, Buffett still lives in his modest Omaha home that he bought in 1958 for $31,500, and uses a $20 flip phone.
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Last year, the winning bid was $3.3 million
With this year, Buffett topped his previous record lunch bid $3,456,789, paid in both 2012 and 2016. Last year, the lunch auction concluded with a winning bid of $3,300,100. Past auction winners include hedge fund manager David Einhorn of Greenlight Capital in 2003.