The Dubai-born golfer will next compete for a coveted PGA Tour card at next month's Final Stage in Florida
sports1 hour ago
A lucky, and likely wealthy, person bid more than $19 million to dine with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned a private lunch to benefit a San Francisco charity.
The winning bid in the eBay auction that ended on Friday night far surpassed the previous record of $4.57 million, paid in 2019 by cryptocurrency entrepreneur Justin Sun, although the new winner’s identity could not immediately be determined.
Proceeds benefit Glide, a non-profit in San Francisco’s Tenderloin district that helps the poor, homeless or those battling substance abuse. Glide offers meals, shelter, HIV and hepatitis C tests, job training and children’s programs.
Buffett, 91, the chairman and chief executive of Berkshire Hathaway Inc, has raised more than $53.2 million for Glide in the 21 auctions, which began in 2000.
An eBay spokeswoman said the lunch was the most expensive item ever sold on the company’s website to benefit charity.
No auctions were held in 2020 and 2021 because of the Covid-19 pandemic.
Buffett became a supporter of Glide after his first wife Susan, who died in 2004, introduced him to the charity, where she had been volunteering.
He has also pledged to give away nearly all of his fortune. Buffett was worth $93.4 billion on Friday, ranking seventh worldwide, according to Forbes magazine.
This year’s auction winner and up to seven guests will dine with Buffett at the Smith & Wollensky steakhouse in Manhattan.
Buffett will talk about almost anything, but not where he may invest next.
Hedge fund managers David Einhorn and Ted Weschler are among previous auction winners.
Weschler became a Berkshire portfolio manager after paying a combined $5.25 million to win the 2010 and 2011 auctions.
ALSO READ:
Berkshire owns dozens of companies including the BNSF railroad, Geico car insurance, energy, manufacturing and retail businesses, and stocks such as Apple Inc and Bank of America Corp.
Buffett still owns nearly 16 per cent of the Omaha, Nebraska-based conglomerate, despite having donated more than half of his shares since 2006, including $4 billion on June 14.
The Dubai-born golfer will next compete for a coveted PGA Tour card at next month's Final Stage in Florida
sports1 hour ago
'These modern features are designed to improve traffic and security operations, elevate fieldwork quality, ensure high responsiveness', a top official said
transport2 hours ago
The night market is located near major hotels in Deira, and visitors can also enjoy free entertainment from different Filipino singers and comedians
uae2 hours ago
It will be humid by night and Sunday morning with a probability of fog or mist formation over some internal areas
weather3 hours ago
The Dubai Maritime Authority is responsible for issuing licences related to all marine activities in the emirate
life and living5 hours ago
Both researchers underscored the importance of mentorship and representation for aspiring female scientists in the region
uae5 hours ago
These stricter requirements aim to prevent potential misuse of visit visas and ensure that applicants can sustain themselves during their stay
uae5 hours ago
'Prolonged exposure to traffic stress can increase cortisol and other stress hormones, leading to anxiety, depression, headaches, and even heart disease,' a clinical psychologist warned
transport5 hours ago