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No, it’s not what you think, it’s all for a good cause.

A bid of $3,456,789 won this year’s 17th annual lunch-with-Warren Buffett auction for the benefit of the Glide Foundation. The winning bid was placed anonymously. Last year the winning bid of $2,345,678.00 was placed by Zhu Ye, Chairman of Dalian Zeus Entertainment Co., an online gaming company based in China.

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 The Glide Foundation is a charity organization based in San Francisco. According to Wikipedia, “Glide’s mission is to break the cycles of multi-generational dependency, poverty, and low self-worth by providing a spiritual home of unconditional love. Glide strives to create a healthy community by offering effective services that foster holistic healing in an environment of cultural integrity and diversity.” 

ebay bidding

The Glide auction’s winners traditionally have lunch with Buffett at New York’s Smith and Wollensky steak house, who donate at least $10,000 to Glide to host the auction lunch. The winning bidder can invite up to seven people to dine with Buffett. Since it began in 2000, the auction has raised $23.6 million for Glide.

warren buffet power lunch

“”I am proud to be part of something that has directly benefited so many people in need,” Buffett said in a statement before this year’s auction. “GLIDE is a bridge for thousands of people on the brink of despair, helping them achieve dignity and opportunity by providing them with basic services.”” (nbcnews.com)

Buffett’s first wife Susie Buffett inspired this annual fundraiser for Glide.

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“Tell me and I forget. Teach me and I remember. Involve me and I learn.” – Benjamin Franklin

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