$2.1MM For Lunch With World’s Richest Man
Posted in News on June 29th, 2008 by Michael – Be the first to commentA Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding 2.1 million dollars (£1.05m) in the most expensive charity auction ever held on eBay.
Zhao Danyang of the Hong Kong-based Pureheart China Growth Investment Fund won the auction, which ended Friday evening with a bid of 2,110,100 dollars.
A spokeswoman for the Glide Foundation, which receives all the proceeds from the auction, identified the winner yesterday.
It appears that Zhao and Buffett share a similar investment philosophy.
The auction will provide a significant boost to Glide, which provides social services to the poor and homeless in San Francisco. The foundation operates on a 12 million dollar (£6m) annual budget, spokeswoman Denise Lamott said.
“It almost feels like a miracle,” Glide’s founder Reverend Cecil Williams said in a statement. “We are amazed and ready to continue our work of breaking the cycles of poverty.”
Last year’s lunch brought in 650,100 dollars (£325,000). read more »
