Anonymous Bidder Pays Record Breaking $19 Million For Last Charity Lunch With Warren Buffet

An anonymous bidder has reportedly paid a record-breaking $19 million for a private steak lunch with 91-year-old legendary investor Warren Buffet.

The sale was part of the 21st annual auction for a lunch with Warren Buffet, produced in collaboration with eBay and the Glide Foundation, a San Francisco-based non-profit working on combating poverty, hunger, and homelessness.

The bidding had started with $25,000 on June 12th 2022 and ended with $19,000,100 from an anonymous bidder last Friday, according to a news release from eBay and mentioned in a CNN report. This year's huge sum is more than four times the winning bid of $4,567,888 in 2019, which was the last auction before a two-year hiatus due to the Covid-19 pandemic. 2019's winner was cryptocurrency entrepreneur Justin Sun.

The mystery winner who has paid this massive $19 million will get to enjoy a private lunch with Warren Buffet and up to seven guests at Smith & Wollensky Steakhouse in New York City, says eBay.

But unfortunately for aspiring investors hoping to beat this year's record or try earning the opportunity the lunch with Warren Buffett next year, that in all likelihood won't be possible. It's because this is the last year of the "power lunch" with Buffet. The annual auction has reportedly raised over $53 million for Glide, as per CNN.

Before pulling in this massive $19 million bid for lunch, 91-year-old Buffett had already raised more than $34.2 million for the organization through lunch auctions in the past two decades.

The auction was first started by Buffett¡¯s wife, the late Susie Buffet in 2000. Since 2003, eBay has managed the auction.

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"We are incredibly proud that Warren Buffett's final Power Lunch has broken our all-time record of funds raised, with all proceeds supporting GLIDE's efforts to create pathways out of crisis and transform lives," said eBay CEO Jamie Iannone in the release.

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Also Read: LinkedIn Founder Says Warren Buffett Doesn't Understand The Potential Of Cryptocurrency

"On behalf of GLIDE and those we serve, I thank Warren Buffett for his unwavering generosity, partnership and dedication, and for his incredible contribution to our mission," said the organization's president and CEO Karen Hanrahan in the news release, the report stated.

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