A $2.11 Million Lunch
Filed in archive Hedgetalk by Alex Akesson on June 30, 2008
According to Reuters, Buffett began donating lunches in 2000 after his wife Susan introduced him to the Rev. Cecil Williams, who founded Glide and runs the Glide Memorial United Methodist Church. The auctions, including the current one, have grossed more than $4 million for the organization. Last year's winning bidder paid $650,000 for lunch with Buffett.
Zhao and up to seven friends will meet Buffett for lunch in New York City at the Smith & Wollensky steakhouse
.Proceeds of the lunch with the 77-year-old chairman of Berkshire Hathaway Inc benefit Glide, a nonprofit foundation in San Francisco that offers programs for the poor, hungry and homeless.
Zhao, who has more than a decade of investing experience, selects investments "from the view of an industrial investor," according to his firm's website.
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