Chinese Investor Pays $2.1M to Eat with Warren Buffett

Buying time with a rich guy just got more expensive

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.

 

A spokeswoman for the Glide Foundation, which receives all the proceeds from the auction, identified the winner Saturday.

It appears that Danyang and Buffett share a similar investment philosophy. But Danyang could not be reached Saturday, and no one answered the phone at Buffett’s Omaha office.

The auction will provide a significant boost to Glide, which provides social services to the poor and homeless in San Francisco. The foundation operates on a $12 million annual budget, spokeswoman Denise Lamott said.

 

Via USA Today

 

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