Every year billionaire investor Warren Buffett auctions off a lunch date and every year someone bids an incredible amount of money to sit down with one of the world’s richest men. This year the winning bid was auctioned off for $2.35 million. The winning bid was placed by Chinese gaming company Da Lian Zeus Entertainment.
The proceeds go to GLIDE, a charity that runs a number of anti-poverty programs in San Francisco.
Last year, Singaporean businessman Andy Chua paid $2.2 million to dine with Buffett. In 2012 a record-setting $3.5 million bid was placed by an anonymous bidder.
While the winner can choose a private lunch, they also have the right to bring along seven friends. The luncheon usually occurs at Smith & Wollensky steakhouse in New York City. The restaurants owner Alan Stillman has donated at least $10,000 each year to GLIDE to host the lunch.
“The divides are getting bigger between the haves and have-nots. Mr. Buffett inspires others who have the means to help bridge that divide,” said Janice Mirikitani, co-founder of GLIDE.
While many people will bid in the hopes of landing a gig with the billionaire founder of Berkshire Hathaway, only fund manager Ted Weschler has gone on to work for the company. He won two consecutive auctions at a cost of $5.3 million.
GLIDE has received more than $20 million from Warren Buffet’s lunches over the last 15 years.