China’s Dalian Zeus Entertainment Co. offered $2.35 million in an online charity auction to win a lunch meeting with famed investor Warren Buffett.
The developer of online video games was the high bidder when the week-long auction wrapped up Friday night in San Francisco, according to the Glide Foundation, beneficiary of the annual event.
Buffett, 84, the chairman and chief executive officer of Berkshire Hathaway Inc., has now raised more than $20 million for Glide through the auctions. Glide provides meals, affordable housing and counseling for the poor in San Francisco. It is a source of “unconditional love” for the city’s neediest residents, the billionaire investor said in a video posted online to promote the auction.
“For him to believe in us is not even a compliment -- it’s an honor,” Janice Mirikitani, co-founder of Glide with her husband, Rev. Cecil Williams, said Friday in an interview. She spoke from a party at RN74, a Michael Mina restaurant in San Francisco, held to celebrate this year’s auction.
The bidding reached $2,345,678 as of 7:30 p.m. Friday in San Francisco, according to EBay Inc.’s website. The event, now in its 16th year, started Sunday evening. The $3.46 million record for the event was set by an anonymous bidder in 2012, and the winning offer last year was $2.17 million.
Buffett, who’s led Omaha, Nebraska-based Berkshire for 50 years, has pledged almost all of his $70 billion fortune to charity. He built his wealth in part through stock picking, earning the nickname “the Oracle of Omaha” and gaining fame among investors who would follow his moves.
Buffett has lunch with the auction’s winner and as many as seven of the top bidder’s friends at the Smith & Wollensky steakhouse in New York.
Past winners of the auction include hedge-fund manager David Einhorn and Ted Weschler, who was hired by Buffett after making two record-setting bids.
Glide Lunch With Warren Buffett Results: Year Winner Winning Bid 2000 Anonymous $25,000 2001 Anonymous $18,000 2002 Anonymous $25,000 2003 David Einhorn, Greenlight Capital $250,100 2004 Jason Choo, Singapore $202,100 2005 Anonymous $351,100 2006 Yongping Duan, California $620,100 2007 Mohnish Pabrai, Guy Spier, Harina Kapoor $650,100 2008 Zhao Danyang, Pure Heart Asset Management $2,110,100 2009 Salida Capital, Canada $1,680,300 2010 Ted Weschler $2,626,311 2011 Ted Weschler $2,626,411 2012 Anonymous $3,456,789 2013 Anonymous $1,000,100 2014 Andy Chua, Singapore $2,166,766