Thursday, June 25, 2009

Chinese Investment Manager Pays $2.1M to Eat With Warren Buffett


 

OMAHA, Neb. —  It's extremely unlikely billionaire Warren Buffett would ever pay $2.1 million for lunch, because the Omaha investor prefers hamburgers and Cherry Cokes.

But Chinese investment manager Zhao Danyang paid that much to dine with Berkshire Hathaway's chairman and CEO Wednesday as part of a charity auction.

During a CNBC interview before lunch, Buffett joked that he hoped he wouldn't have to leave a 10 percent tip afterward.

Every year, Buffett auctions off one lunch and donates the proceeds to the Glide Foundation, which provides social services to San Francisco's homeless and poor.

A new lunch auction began Sunday and runs through Friday. The top bid on eBay Wednesday afternoon was $135,678, but that is almost certain to grow before the auction ends.


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