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Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at editor@evestment.com

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Warren Buffett Raises $1 Million for Charity

Jun 11, 2013
Jing Chen

How much would you pay to lunch with billionaire investor Warren Buffett?

According to a Wall Street Journal report, an anonymous bidder paid a little over $1 million in the 14th  annual auction to dine with Buffett. The winner can invite up to seven friends to join the pair at New York steakhouse Smith & Wollensky.

The proceeds from the auction will go toward Glide, a San Francisco-based homeless charity. 

While this year’s amount is significantly less than the $3.5 million paid last year,  it is a large increase from the first auction which only raised $25,000 in 2000.

The chairman and CEO of Berkshire Hathaway, Buffett announced in 2006 that he would give his entire fortune away to charity.

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