Warren Buffett ‘Power Lunch’ Gets $19 Million Winning Bid

An anonymous bidder pays $19 million for a

Warren Buffet has raised over $53.2 million for Glide across 21 auctions. (Case)

An anonymous bidder has paid a record $19 million for a private lunch with legendary investor Warren Buffet.

According CNN, the sale was part of the 21st and final time the billionaire businessman has auctioned off a private lunch, in conjunction with eBay, to benefit a San Francisco charity. Bidding began June 12 at $25,000 and ended last week Friday with a record $19,000 from an anonymous bidder.

Proceeds will now benefit Glide, a nonprofit in the Tenderloin neighborhood of San Francisco that helps people who are homeless or struggling with addiction. Glide offers meals, shelter, drug testing, job training and more.

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According to the outlet, the mystery winner will enjoy a private steak lunch with Mr. Buffett, the chairman and CEO of Berkshire Hathaway, and up to seven guests at Smith & Wollensky Steakhouse in New York.

In particular, this is the last year of the “Power Lunch” with Mr Buffet. The auction was first started by the late Susie Buffett in 2000. Since 2003, eBay has run the auction, CNN reported.

“On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership and dedication, and for his incredible contribution to our mission,” said the organization’s President and CEO, Karen Hanrahan.

“We are incredibly proud that Warren Buffett’s latest ‘Power Lunch’ broke our all-time fundraising record, with all proceeds supporting GLIDE’s efforts to create pathways out of crisis and transform lives,” said Jamie Iannone. , CEO of eBay.

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Friday’s winning bid far surpassed the previous all-time high of $4.57 million paid in 2019 by cryptocurrency entrepreneur Justin Sun. Mr. Buffet has raised more than $53.2 million for Glide at 21 auctions.

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