Warren Buffett Lunch Sells for $3.5M
All the squabbling over the “Most Expensive Burger” title seems like fighting over chump change now that some anonymous rich person has paid $3.5 million for lunch. Does that clinch the record for most expensive lunch? God, we hope so.
Every year San Francisco’s Glide Foundation auctions off lunch with Warren Buffett at their annual charity auction. The lunch normally goes for a few million, though this year’s winning bid (according to Gawker, the winning bid was exactly $3,456,789) set a new record. The money goes to benefit San Francisco’s homeless population.
Glide operates on an annual budget of roughly $17 million, so dinner with Buffett accounts for a pretty decent chunk of that.
Ten people actively engaged in bidding on the lunch this year. This year’s winner chose to remain anonymous, but the previous two lunches were won by hedge fund manager Ted Weschler, who paid a total of $5.3 million.
What does the world’s most expensive lunch get you? Not stock tips, as Buffett won’t talk about possible investments. Weschler, however, got a job out of his two meals, as he was hired last year to help manage Berkshire Hathaway’s investment portfolio.
The million-dollar lunches are held at New York’s Smith and Wollensky steak house, which, according to the Washington Post, donates at least $10,000 to the Glide Foundation every year for the privilege of hosting what is hopefully the world’s most expensive lunch.