Where did Buffett's lunch money went?

The two of Warren Buffett and Bill Gates ate ordinary lunch.

There is really no free lunch in the world.

At 22:30 on June 17, Eastern Time, after 43 rounds, Buffett's lunch in 2022 was sold on the EBAY website for 19 million US dollars (about 128 million yuan).

According to the official website of the Glide Foundation, this is the last time Buffett's lunch was auctioned. The successful auction is a buyer starting with W letters. He will spend one afternoon with Buffett with Buffett in Manhattan Smithwollensky steak restaurant.

Due to the epidemic, Buffett's lunch auction had been interrupted for two years. The last winner was cryptocurrency entrepreneur Sun Yuchen, and this year's huge auction amount was more than four times the bid of $ 4.57 million in 2019.

While guess who the bidders are, many people are curious about where these lunch money of Buffett has gone.

Buffett, who doesn't care about money "

Buffett's Berkshire Hathaway, which operates in Omaha, the United States, has more than 90 subsidiaries, including BNSF Railway, Geico Insurance Company, several major public institutions, and some manufacturing and retail companies. Berkshire also holds major stock investment from Apple, Bank of America, Coca -Cola, Chevron Energy, and Washington Post.

Buffett at the annual shareholders meeting of Berkshire Hathaway listened to the opinions of billionaire investors

Such an investment genius, people are eager to learn something from him.

The idea of ​​auctioned charity lunches originated from the late wife, Susie Buffett. Suxi told him that when he was a social worker for a church in San Francisco, Buffett expressed his skepticism. "I thought,‘ this sounds unbelievable ’, and I am naturally a suspicious person." Buffett said in an interview with CNBC. "Later, she took me to this foundation. I saw how they helped others." In order to show support for his wife's charity, Buffett decided to "sell" his lunch.

Since 1991, Suxi has been a volunteer in the Glide Foundation. During this time, he also spent three years to go to churches in different cities in the United States for training. He hopes to cultivate similar charity projects locally. Buffett's evaluation founder Cecil, "He helped someone who had been abandoned by the world, he never gave up anyone."

Lunch auction began in 2000. It was originally limited to on -site auction. The scope of competitors was limited and the transaction price was "normal", only $ 25,000. The minimum winning price of this auction was $ 18,000 in 2001. In 2003, Buffett suggested to move the auction to the eBay website to face global competitors. After this year, the transaction price soared to $ 250,000.

Susi died in 2004, and Buffett remarried two years later, but Sussi's charity wish continued through lunch auctions.

In 1960, Buffett and the first wife Susan

"He doesn't care about money," Buffett's daughter Su Qian publicly talked about his father, saying that don't expect to inherit anything extravagant from this successful investor. "Making money is only accidental for him, because he is really good at doing what he likes. When you can do one thing particularly well, you can get a lot of wealth."

In 2021, Buffett resigned as a trustee of Bill and Melinda Gates Foundation, who was 15 years. But his generous donation is as always.

In 2022, the Gates Foundation received the annual donation of Wallen Buffett -Berkhill Hathaway, worth $ 3.1 billion. CEO Mark Susmann thanked this: Since 2006, Warren has donated more than $ 36 billion in donations on the foundation. Wallen contributed not only his generous donation. The time he paid and the suggestions he gave us They deeply affect the values ​​of the foundation.

Documentary "Become Wallen Buffett"

It is reported that all Buffett's lunch auctions were all donated to the Glide Foundation of Charity in San Francisco (California) in San Francisco (California) to help local poor and homeless returns to provide them with diet, medical care, work training, rehabilitation And housing support.

Since the "Buffett Lunch" auction, it has raised more than $ 53 million for Glide. A lot of bidders from all over the world are willing to pay high prices and have lunch with a man who enlisted many people in income to have the opportunity to consult some business scriptures and talk to this 91 -year -old man.

Glide Foundation

According to the New York Times, the five states of the United States, California, New York State, Florida, Washington and Texas, now account for 57%of homeless people. Among them, the dilemma of San Francisco, New York and Los Angeles is particularly significant.

In 2008, under a global financial crisis, the foundation had about $ 17 million in deficits. Cecil Williams, the founder of the Glide Foundation, said that due to economic recession, the object of rescue was soaring, and the donation of Buffett's lunch auction was "rainy in time."

The Foundation is related to the two parts of Lizzieglide and Glide Church, a Christian Protestantism from the British Education in the 18th century. In 1929, Lizzie Glide, San Francisco Charity, purchased a plot from the two blocks of the church, and founded the Glide Foundation to build a church as a "place where everyone can worship."

In 1963, a young African -American American pastor named Cecil Williams joined Glide, bringing a new vitality to the congregation. Cecil is not satisfied with the original church charity, but brought into the housing project-allowing homeless people to move into their home from the street.

Glide is like a diversified community. The diversified rescue objects will also help the poor and marginalized people, provide asylum and support for it, and become a homeland for political and cultural changes and spiritual growth.

From the development of nuclear weapons to leadership Martin Luther Gold Memorial Committee (North California), Glide has become a assembly point for San Francisco's multiculturalism, and has also been working hard to fight against the crisis of drug popularity and AIDS. At the same time, President Clinton, American actor Sharon Stone, and famous host Oprah Winfrey have publicly praised Glide's charity, and Glide's fame and community voice continued to grow. Essence

Who will keep the charitable lunch tradition?

As a non -profit organization, Glide has been providing food, housing, medical care and family services for Tenderloin and San Francisco since 1963.

The problem of unsafe food has affected nearly a quarter of San Francisco. Glide's daily free diet plan provides three meals a day to provide special breakfast services for the elderly, disabled and families. Starting in 1969, volunteers have been provided for 50 people once a week, and about 2,000 meals are provided every day, and more than 700,000 free meals are provided each year.

Volunteers installed turkey sandwiches in the kitchen of the San Francisco Glide Foundation.

Daily free diet plans are not qualified to be qualified. Guests do not need to fill in the intake form before meals.

In addition, it also provides HIV testing, primary psychological health care, women's plan, crisis intervention, after -school plan, youth creative art guidance, blindness sweeping classes, computer training, work skills training, drug and alcohol recovery plan Legal services, managed housing, and so on. In 2009, the Glide Foundation was rated as a top non -profit organization by Charity Encyclopedia.

During the epidemic, Glide set up a tent on the street to provide meals and food services for the community. In addition, special meals will be supplied during the festival, including Thanksgiving, Christmas Eve, Christmas and New Year's Eve.

Ping An Night and Christmas celebrations. Glide's special holiday plan runs through November and December

In addition to distributing hot food in the streets and providing urgently needed social services, the foundation is currently planning to spend 200 million US dollars to carry out a reconstruction project in Tendeon District, transforming the previous narrow and old women's dormitory into modern facilities.

The 10 -story new building on 330 Ellis Street will transform narrow and old girls' dormitories into modern facilities.

An old "hodgepodge" building composed of a narrow warehouse area and a dim corridor has never been refurbished before.

The new 10 -story building will provide more convenient space for Glide's guests, employees and volunteers. For example, there is enough kitchen to accommodate nearly 800,000 meals provided by the organization each year; and from drug abuse to free medical care, people can wait for assistance indoors instead of being stared at the roadside of the neighborhood.

91 -year -old Buffett said this year's charity auction will be the last auction of Buffett's lunch. Many people care about, does this tradition keep it?

Some opinions have stated that Buffett's children, executives of Berkshire, or other corporate leaders who agree with Buffett values ​​are strong candidates for this charity. But the question is, if that person is not Buffett, who wants to pay a high price of millions of dollars to buy a lunch time? But everything is possible, as is the early early Buffett lunch. From five digits (20,000-25,000 US dollars), to six digits ($ 250000-650,000) in the subsequent bid until the eighth year, the bid will only exceed $ 1 million.

The 2017 lunch coincided with Buffett's birthday, so the steakhouse made a "birthday cake feast" with his favorite dessert.

Regardless of whether there is a charity lunch auction inherited, the Smith Wollensky Steak Restaurant Pickings should be endless.

This steak restaurant has been rated as the most stable steak shop produced in New York. It has a history of 45 years. The founder Alan Stillman has donated tens of thousands of dollars to charity lunch activities. The restaurant has been called "New York Times" as "steak shops to solve any disputes."

Edit: Jenny Xiaomeng Operation: Yun

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