San Francisco, June 3 (IANS) A man has agreed to shell out over $4.5 million for lunch with Warren Buffett, breaking the previous record for a "power lunch" with the Berkshire Hathaway founder, the media reported.
This is the 20th year that Buffett, famous for making it to age 88 on a diet of Coca Cola, Utz potato sticks, Dairy Queen Sundaes, and fast food from McDonald's, has auctioned off such a "power lunch", Quartz reported on Monday.
The winner committed $4,567,888 when the bidding closed on eBay on May 31.
In 2001, a meal with Buffett cost a commoner just $20,000. But the price jumped once online auction started on eBay.
In 2008, it reached over $2 million and later touched a record of $3.45 million in 2014 and 2016.
The lunch will benefit the Glide Foundation in San Francisco, according to a report in the San Francisco Chronicle.
Since bidding shifted to eBay 17 years ago, no lunch with Buffett has cost less than $1 million, Debbie Mesloh, Glide's spokeswoman for this year's event was quoted as saying.
Every year, Buffett holds the lunch at Smith & Wollensky in New York. The winning bidder is allowed to bring up to eight guests for the power lunch.
The restaurant charges nothing and donates $10,000 to Glide, San Francisco Chronicle reported.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.