Investor Wins $2.1M Lunch With Buffett

Charity auction for San Francisco homeless sets record
By Newser Editors and Wire Services
Posted Jun 29, 2008 1:37 PM CDT
Investor Wins $2.1M Lunch With Buffett
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)

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."

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