Page last updated at 14:15 GMT, Friday, 1 July 2005 15:15 UK

Buffett lunch goes for $351,000

Warren Buffett
Warren Buffett knows his stocks and shares

A mystery bidder appears to have won an auction to have lunch with billionaire US investment guru Warren Buffett, after offering $351,000 (197,000).

According to website eBay, which handled the week-long auction, the winning bidder was "hanka3153".

He or she and up to seven friends can now enjoy a lunch with Mr Buffett, either in his hometown of Omaha, Nebraska, or in New York City.

Mr Buffett has donated a lunch for charity every year since 2000.

His chosen cause is the San Francisco-based Glide Foundation, which provides services for the poor, hungry and homeless.

This year's winning bidder beat Singapore resident Jason Choo, who won the auction last year with a bid of $202,100.

Financial royalty

For all Mr Buffett's modesty and desire to eschew of the spotlight, the 74-year-old so-called "Sage of Omaha" is as close as the financial world gets to a superstar.

The returns he has generated have won him a loyal investor base and turned many of his followers into multi-millionaires.

Had you given Mr Buffett $10,000 in 1965, by 1999 that nest egg would have been worth more than $50m.

Shares in his investment firm Berkshire Hathaway are currently trading at $83,000 each.

Mr Buffett is not one for fads and has built his investment empire on the maxim that it is better to identify a good investment and hold it for a long time, rather than jump in and out of positions.

The world's second-richest person behind Microsoft founder Bill Gates, he famously sat out the whole internet boom.

Buffett firm helps with SEC probe
31 Dec 04 |  Business
Profit dip at Buffett's Berkshire
07 Nov 04 |  Business
Meet the world's second richest man
06 May 04 |  From Our Own Correspondent
Thousands flock to hear Buffett
03 May 04 |  Business

The BBC is not responsible for the content of external internet sites

Has China's housing bubble burst?
How the world's oldest clove tree defied an empire
Why Royal Ballet principal Sergei Polunin quit


Sign in

BBC navigation

Copyright © 2017 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.

Americas Africa Europe Middle East South Asia Asia Pacific