How much does it cost to have lunch with Warren Buffett?
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Loading...There is no free lunch, especially with Warren Buffett.
But exactly, what is the price of having lunch with billionaire investor? For the chairman of Chinese online gaming company Da Lian Zeus Entertainment, right around $2.35 million last year.
Since 2000, Warren Buffett auctions off a "power lunch" at his charity event GLIDE Foundation, based in San-Francisco, which is focused on minimizing poverty and marginalization. The highest bidder gets to have a lunch with Warren Buffett and to bring up to seven people to dine at Smith & Wollensky steakhouse in Manhattan. The annual Auction takes place on eBay. Since 2000, the charity lunch has raised around than $18 million.
In 2007, managing partner of "Pabrai Investments, author of "The education of a Value Investor" and manager of Aquamarine Capital collaborated together and split $650,000 to have a lunch with Buffet.
Two years ago, Singapore businessman won the lunch for $2,2 million, but the highest price was in 2012, when the anonymous bidder closed the auction at $3,5 million.
Each winner states that the lunch is worth every penny paid. Lunch with Buffett is not about revealing billionaire's investing secrets, but about an opportunity for social growth for each of the winners.
So, how much will the lunch cost in 2016?
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