Sign in to comment!

Menu
Home

U.S.

Cost to lunch with Warren Buffett: $3.5 million

Warren Buffett

 (Reuters)

The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million.

The annual charity auction for a private lunch with the Nebraska billionaire closed Friday night following a flurry of activity in the final hours. In the end, the highest bid was a record-breaking $3,456,789.

The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5 million for the organization in 13 past auctions.

The organization says Friday's top bidder wishes to remain anonymous. Last year's top bid was $2.6 million.

Buffett became one of the world's richest men while building Berkshire Hathaway into a conglomerate. But he says most of the questions he gets at the lunches aren't about investing.

Bank Rates

Loan Type Graph Rate +/- Last Week
30 Y Fixed Graph 3.96% dw 4.12%  
15 Y Fixed Graph 3.13% dw 3.14%  
30 Y Fixed Jumbo Graph 4.29% up 4.24%  
5/1 ARM Graph 3.11% dw 3.25%  
5/1 Jumbo ARM Graph 3.60% dw 3.61%  
Loan Type Graph Rate +/- Last Week
$30K HELOC Graph 4.65% dw 4.67%  
$50K HELOC Graph 4.02% dw 4.04%  
$30K Loan Graph 4.97% dw 5.00%  
$50K Loan Graph 4.33% dw 4.36%  
$75K Loan Graph 4.33% dw 4.36%  
Loan Type Graph Rate +/- Last Week
36 M New Graph 2.69% dw 2.70%  
36 M Used Graph 3.18% dw 3.19%  
48 M New Graph 3.02% dw 3.03%  
48 M Used Graph 2.91% -- 2.91%  
60 M New Graph 3.07% -- 3.07%  
Loan Type Graph Yield +/- Last Week
6 month Graph 0.38% dw 0.39%  
1 yr Graph 0.70% -- 0.70%  
5 yr Graph 1.50% -- 1.50%