Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Guy Buys $123 Safe on eBay, Finds $26,000 Inside Seller tries to get half the cash back, fails »

Investor Wins $2.1M Lunch With Buffett

Charity auction for San Francisco homeless sets record

By the Associated Press

Posted Jun 29, 2008 1:37 PM CDT

(AP) – A Chinese investment fund manager won the chance to have lunch with billionaire Warren Buffett by bidding $2.1 million 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.

It appears that Zhao and Buffett share a similar investment philosophy. The proceeds of the auction go to the Glide Foundation, which provides social services to the poor and homeless in San Francisco. Since last year's lunch brought in a relatively paltry $650,100,  Glide's founder couldn't resist saying, "It almost feels like a miracle."

Billionaire investor Warren Buffett eats ice cream at a Dairy Queen diner in Omaha, Neb., as he chats with Berkshire Hathaway shareholders in this Friday, May 3, 2002 file photo.
Billionaire investor Warren Buffett eats ice cream at a Dairy Queen diner in Omaha, Neb., as he chats with Berkshire Hathaway shareholders in this Friday, May 3, 2002 file photo.   (AP Photo/Nati Harnik)
Billionaire investor Warren Buffett is dedicated to philanthropy, and so, it seems, is the winner of a $2.1 million auction to have lunch with Buffett.
Billionaire investor Warren Buffett is dedicated to philanthropy, and so, it seems, is the winner of a $2.1 million auction to have lunch with Buffett.   (AP Photo/Anja Niedringhaus)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

Copyright 2012 Newser, LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. AP contributed to this report.

More Newser Stories

Warren Buffett Lunch Snags $2.6M

Dinner With Sarah Palin: eBay Bids Start at $25K

Lunch With Buffett Sells for $1.68M

Scarlett's Used Tissue Passes $2K on EBay

Warren Buffett's Greatest Investments


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne