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.

SEE ALSO:
Top 10 Lesser Known Tax Deductions for Small Businesses

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. She can be reached at Student Loan Ninja