Lunch with Warren Buffett will cost at least $2.6 million

Warren Buffett

The annual charity lunch auction with the Oracle of Omaha reached $2.6 million early Friday. That’s already above last year’s winning bid of $2.3 million.

A chance to sit down with one of the most respected businessmen in the world can be yours with bidding on eBay closing at 10:30 p.m. ET Friday.

 Bids started at $25,000 on June 5, and passed above $500,000 late Thursday. Then a bidding war started between two bidders. Bidders have to be pre-approved for the auction.

Money raised by the auction goes to GLIDE, a charity that runs a number of anti-poverty programs in San Francisco.

Warren Buffet’s late wife Susie Buffett designed the lunch as a way to give back. The annual luncheon started in 2000 and has raised more than $20 million.

In 2012 a record $3.5 million was earned for a single lunch with the billionaire entrepreneur.

The winning bidder will get a chance to invite up to seven friends to the lunch at Smith & Wollensky steakhouse in New York City.

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Written by Katie Henderson

Katie Henderson

Katie Henderson is the Strategy editor at Business Pundit. She writes articles that help business owners, executives, and employees better understand how to run a business and work as effective employees.