Saturday, June 11, 2016

The auction for the right to dine with Warren Buffett repeated the record in 2012 – NEWSru.com

An invitation to a charity dinner with the famous American billionaire investor Warren Buffett sold for 3.457 million dollars – an amount similar to absolute record , put in 2012. Trades are traditionally held on the online auction site eBay . The winner did not call his name, reports TASS with reference to the WSJ.

Anonymous fan has the right to call a billionaire with a further seven people to dinner at steakhouse Smith and Wollensky in downtown New York. Lunch with Buffett usually last about three hours, during which he discussed with his interlocutors the widest range of issues. The only taboo subject for conversation is to discuss the future billionaire investment.

However, this does not mean that they can not earn. Investor Guy Spier, dined with Buffett in 2007, wrote a book about how the conversation influenced his approach to investing. In 2010 and 2011, won the auction managing partner of hedge fund Peninsula Capital Advisors Ted Ueshler, each time to pay for the meals of over $ 2.6 million. In 2012 Ueshler joined the team of investment managers Berkshire Hathaway Inc., Buffett owned. It is believed that Ueshler with Kobs and Todd Tracy Britt ( “Three Tae ‘, as they are called billionaire) will manage the investment portfolio Berkshire Hathaway after Buffett retires.

 Similar auctions are held since 2000. Proceeds from the first was only 24 thousand dollars, and of all trades combined – more than 23 million dollars. All income from the charity auction goes to the Glide Foundation Fund, which provides medical care and provides about 1 million servings of free food for those in need throughout the year. Working for over 50 years has been a favorite Glide charity fund billionaire’s late wife – Susan Thompson Buffett. Investor himself calls it “probably the most effective charitable foundation in the world.”

Founded in 1955, Buffett Berkshire Hathaway holding company over the years has become a conglomerate consisting of approximately 80 companies. They work in areas such as insurance, investments, production and sale of furniture, jewelery, clothing and food. In 2008, Buffett headed the list of the richest people in the world according to Forbes. This year, the businessman with a fortune of 60.8 billion dollars in this ranking took third place.

In June 2010, Buffett announced the donation of more than 50% of his fortune to five foundations. The main beneficiaries were the Bill and Melinda Gates Foundation. This act was the most generous act of charity in human history. In the same year, together with Bill Gates, they began to move “The Giving Pledge” (Giving Pledge), in which billionaires pledge to transfer at least 50% of his fortune to charity. Among philanthropists who supported her, Michael Bloomberg, George Lucas, David Rockefeller, Mark Zuckerberg. In the two Russians: venture capitalist Yuri Milner and co-owner of “Norilsk Nickel” Vladimir Potanin.

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