Current:Home > InvestWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -Wealth Evolution Experts
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-15 09:17:52
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! (61)
Related
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Remains of climber who went missing in 1986 recovered on a glacier in the Swiss Alps
- Elon Musk wants to turn tweets into ‘X’s’. But changing language is not quite so simple
- French's launches mustard flavored Skittles in honor of National Mustard Day
- A South Texas lawmaker’s 15
- Save $300 on This Cordless Dyson Vacuum That Picks up Pet Hair With Ease
- Proof Mandy Moore's Sons Have a Bond That's Sweet as Candy
- If you see an invasive hammerhead worm, don't cut it in half. Here's how to kill them.
- 'Vanderpump Rules' star DJ James Kennedy arrested on domestic violence charges
- Carlee Russell charged with making false statements to police in 'hoax' disappearance
Ranking
- Finally, good retirement news! Southwest pilots' plan is a bright spot, experts say
- Animal sedative 'tranq' worsening overdose crisis as it spreads across the country
- 'I just prayed': Oxford school shooting victim testifies about classmates being shot
- How residents are curbing extreme heat in one of the most intense urban heat islands
- Israel lets Palestinians go back to northern Gaza for first time in over a year as cease
- Kate Spade 24-Hour Flash Deal: Get This $360 Tote Bag for Just $75
- Giants lock up LT Andrew Thomas with five-year, $117.5 million contract extension
- Terry Crews shares video advocating for colonoscopies: 'Happy to put my butt on the line'
Recommendation
Former longtime South Carolina congressman John Spratt dies at 82
Kate Spade 24-Hour Flash Deal: Get This $360 Tote Bag for Just $75
Manslaughter charges dropped against 7 Oklahoma police officers
Jessica Biel Proves She’s “Boyfriend” Justin Timberlake’s Biggest Fan
Woman dies after Singapore family of 3 gets into accident in Taiwan
5 current, former high school employees charged for not reporting sexual assault
Amy Schumer Claps Back at “Unflattering” Outfit Comment on Her Barbie Post
Search ends for body of infant swept away by flood that killed sister, mother, 4 others