Tuesday, July 1, 2008

Lunch With Buffett Now Costs $2.1 Million

A Chinese hedge fund manager paid $2.1 million for the pleasure of having lunch with Warren Buffett. The money was raised by an Ebay auction and will go to a non-profit foundation which fights poverty and homelessness.

Zhao Danyang topped the bids after an auction on the eBay website.

Mr Buffett has raised $4m in charitable donations by selling annual dinner invitations since 2000. Last year's winner Monish Pabrai, of Pabrai Funds, paid ONLY $650,000 for the pleasure.

Who says there's no inflation?

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