The Economist (June 17)
Warren Buffet and Bill Gates are calling on the rich to give it away. They are asking billionaires to make a public giving pledge to donate at least half of their fortunes to charities and other good causes. Those who make the giving pledge will be invited to an annual summit for great givers. Buffet has himself pledged to give 99% of his wealth away, most of it to the Bill and Melinda Gates Foundation.
Tags: Bill Gates, Billionaire, Charity, Warren Buffet
Investment Week (June 14)
A charity lunch with Warren Buffet sold for a record $2.63 million on eBay. All told, some 77 bids were placed for this lunch at the Smith & Wollensky steakhouse on New York’s Third Avenue. The winning bid was anonymous. The auction benefits the Glide Foundation, a charity Buffet has supported annually with similar auctions. The previous high bid for a Buffet lunch was $2.1 million in 2008.
Tags: Charity, Record, Warren Buffet
Bloomberg (June 7)
How much for the Buffet lunch? At least $51,000. That’s only the current bid. The price is expected to rise by two figures over the remaining three days. To benefit a San Francisco charity, lunch with famed investor Warren Buffet is being auctioned on EBay. In 2009, the Buffet lunch brought $1.68 million. The record was $2.11 million in 2008 from Chinese hedge-fund manager Zhao Danyang. The Glide Foundation, where Buffet’s first wife Susan volunteered, will receive the “lunch money.” Buffet called Glide “one of the great organizations I’ve seen for helping people that are really down and out…. It takes people who have hit bottom and brings them back.”
Tags: Charity, EBay, Lunch, Warren Buffet
