Buffett Lunch
By Allison Medoff
Few can afford a $2.1 million lunch this year. That was last year’s winning bid for lunch with billionaire Warren Buffett, Berkshire Hathaway’s chairman and chief executive, famed for his investing success. This year’s auction for lunch with Buffett started Sunday at $25,000 and is already well over $80,000. However with the economy in its current state, it is unlikely the auction, open until 10 p.m. Friday, will reach numbers as high as last year’s record-breaking bid.
The proceeds from the lunch will benefit the Glide Foundation, providing social services to the poor and homeless of San Francisco. Glide’s founder, Reverend Cecil Williams has felt the pressure of the economic state with rising figures in the foundation’s programs and hopes for a large number from this year’s auction.
The lunch is hosted by the owner’s of Smith and Wollensky restaurant in New York, who has donated $10,000 to Glide. The AP reports that last year’s winner Zhao Danyang of Pureheart China Growth Investment Fund, and seven of his friends is scheduled for the long awaited luncheon with Buffet this Wednesday.
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