Monday, June 30, 2008

How Much Would You Pay To Have Lunch With Warren Buffett?

Here's a unique mark of inflation, Warren Buffett's annual auctioned (on Ebay) lunch brought in more than three times the amount that it did last year. Last year, the lucky luncher bid $650,100 but this year, Chinese businessman Zhao Danyang offered $2.1 million to lunch with the famous investor at the Smith and Wollensky steakhouse in New York. Back in 2005, the winning bidder paid just $351,100 for the privlege.

The proceeds go to a non-profit foundation which fights poverty and homelessness. So far Buffett has raised over $4 million, but his biggest charitable move has been his declaration that he will give the bulk of his fortune to the Bill and Melinda Gates charitable organization upon passing.

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