There are no free lunches, goes the popular expression, which applies like a glove to the result of the solidarity auction of Warren Buffett, the well-known American investor and executive director of the business conglomerate Berkshire Hathaway.
Since 2000, the Oracle of Omaha, as Buffett is known for his bets on the stock market, has offered lunches in a solidarity auction, carried out through the eBay platform. The chance to share a meal and chat with the 91-year-old tycoon often generates millions of dollars for Glide, a San Francisco-based nonprofit that helps people who are homeless, poor or struggling with substance abuse.
In this year’s auction, which closed on Friday night, Reuters notes, the winner made a bid of more than 19 million dollars, which at the current conversion represents 18.1 million euros. The identity of the bidder is unknown, but it is possible to assume that it is someone with a generous fortune.
An eBay spokeswoman shared with the press that this lunch was the most expensive item ever sold on the site to benefit charities. This is the return of the famous lunch auction with Warren Buffett, which had not been held since 2019, due to the covid-19 pandemic.
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After all, in these solidarity auctions organized since 2000, Buffett will have helped raise more than 53.2 million dollars for Glide, the equivalent of 50.7 million euros.
Buffett met Glide through his first wife, Susan Buffett, who died in July 2004. Susan volunteered at this institution in San Francisco, which provides meals, shelter, training programs, and free HIV and hepatitis C testing. .
According to the Bloomberg billionaires ranking, Warren Buffett owns a fortune valued at 93.3 billion dollars, about 88.9 billion euros, ranking eighth richest in the world.
Warren Buffett leaves the Bill and Melinda Gates Foundation, where he left half his fortune
Source: Observadora
