Current:Home > reviewsWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -Financium
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-15 03:51:30
The California homeless charity that received $53 million over the years from investors who wanted a private lunch with billionaire Warren Buffett has found a new business executive to auction off a meal with.
The Glide Foundation said Tuesday that it will hold an auction on eBay next month for a private lunch with Salesforce Chairman and CEO Marc Benioff. The San Francisco-based charity helps the homeless and those in poverty in the same city where Benioff oversees a software empire.
The final auction of a lunch with Buffett two years ago attracted a record $19 million price that isn’t likely to be matched. The revered investor has legions of devoted followers who fill an Omaha arena every spring at Berkshire Hathaway’s annual meeting to listen to Buffett’s insights, and he had said ahead of time that 2022 would be his last auction.
Still, Glide hopes that the Benioff auction will also raise significant funds to support the organization’s $31 million budget, which provides meals, health care, job training, rehabilitation and housing for the poor and homeless. Buffett said it always amazed him how the charity helped people in difficult situations find hope again.
“We are so grateful that Marc Benioff is continuing Warren Buffett’s legacy of supporting San Francisco’s most vulnerable,” said Dr. Gina M. Fromer, Glide’s President and CEO.
Buffett’s first wife, Susie, introduced him to Glide after she volunteered there following her move to the city, and she suggested starting the lunch auction in 2000. She died in 2004, but the connection endured.
Buffett endorsed the new arrangement from his office at Berkshire’s small headquarters in Omaha, Nebraska. Benioff has urged his fellow CEOs to do more to help the homeless and remedy the inequalities in society that they helped create. He’s also taken stands on polarizing issues such as gay rights, climate change and gun control.
“The baton is in the right hands with Marc Benioff,” Buffett said. “He’s going to do a wonderful job improving on what I did over the years. With Marc’s enthusiasm and commitment, along with GLIDE’s leadership and volunteers, GLIDE will be able to continue providing its vital services for San Francisco.”
Benioff said he’s “incredibly humbled to continue Warren’s legacy” with the lunch auction.
Just as the Buffett auctions did, the weeklong Benioff lunch auction will begin May 5 with an opening bid of $25,000 and continue through June 10.
Organizers have their work cut out for them if they’re attempting to match Buffett’s record. Starting in 2008, every winning bid for lunch with the investing giant topped $1 million.
One past winner, Ted Weschler, received a job offer from Buffett’s company after he spent nearly $5.3 million on two auctions in 2010 and 2011. Weschler now works as an investment manager for the conglomerate, which owns an eclectic assortment of companies including Geico insurance, BNSF railroad, See’s Candy, several major utilities and Dairy Queen.
___
Follow Josh Funk online at www.twitter.com/funkwrite
veryGood! (1951)
Related
- The Super Bowl could end in a 'three
- Ryan Dorsey Reveals What 7-Year-Old Son Josey Knows About His Late Mom Naya Rivera
- Ryan Dorsey Reveals What 7-Year-Old Son Josey Knows About His Late Mom Naya Rivera
- Taylor Lautner and Wife Tay Lautner Imprint on Each Other With Surprise Matching Tattoos
- The company planning a successor to Concorde makes its first supersonic test
- Tarte Cosmetics 90% Off Deals: Get $252 Worth of Eyeshadow for $32, a $90 Palette for $23, and More
- Jana Kramer and Boyfriend Allan Russell Make Their Red Carpet Debut at 2023 iHeartRadio Music Awards
- State Department offers to share classified dissent cable on Afghanistan withdrawal with key lawmakers
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- The 42 Best Amazon Sales and Deals to Shop Right Now: Blenders, Air Mattresses, Skincare, and More
Ranking
- Current, future North Carolina governor’s challenge of power
- Catastrophic flooding in Italy leaves 9 dead, forces thousands to evacuate
- Nordstrom Rack's Amazing Clear the Rack Sale Has $8 Skirts, $5 Bralettes & More 80% Off Deals
- Reviewers Say This Nu Skin Face Lift Activator Reversed Their Wrinkles
- New Zealand official reverses visa refusal for US conservative influencer Candace Owens
- A remarkable new view of the Titanic shipwreck is here, thanks to deep-sea mappers
- 'Street Fighter 6' takes bold swings that (mostly) pay off
- Hayden Panettiere Shares What Really Hurts About Postpartum Struggles
Recommendation
Retirement planning: 3 crucial moves everyone should make before 2025
Have tech skills, will work. Why IT jobs remain hot despite mass layoffs
Ryan Dorsey Reveals What 7-Year-Old Son Josey Knows About His Late Mom Naya Rivera
These Top-Rated Hair Products Will Make Your Morning Routine Feel Like a Breeze
Toyota to invest $922 million to build a new paint facility at its Kentucky complex
Have tech skills, will work. Why IT jobs remain hot despite mass layoffs
15 Fixes for Beauty Problems Everyone Has but No One Talks About
Why it's hard for Arabic-speaking parents to read to their kids, and a New York mom's quest for a solution