OMAHA, Neb. – The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million during a charity auction.
The annual auction for a private lunch with the Nebraska billionaire closed after a flurry of activity in the final hours Friday night. 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 group in 13 past auctions. The event provides a significant portion of Glide’s roughly $17 million annual budget.