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- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
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- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
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NEWSLETTERS & ALERTS
Lunch with Warren Buffett – And All It Cost was $2.7Mn
[Photo: Warren Buffett Dining on McDonald’s in HBO’s "Becoming Warren Buffett"]
by Howard Haykin
As he’s done for the past 17 years, Warren Buffett will have lunch with one lucky individual – winner of a 5-day eBay auction – along with up to 7 of his or her friends.
This year’s anonymous auction winner, who beat out 40 others, bid $2,679,001 for the lunch, which will be held at Smith & Wollensky, a New York steak house. Proceeds go to Glide, a nonprofit organization in San Francisco that provides a variety of services for poor and marginalized people including food - almost 800,000 meals per year - shelter and child care.
For the record, anonymous bidders offered $3,456,789 to dine with Mr. Buffett in 2012 and 2016 (the highest ever bids), while the very first auction in 2000 - a live event - had a winning bid of $25,000.