Current:Home > StocksWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -Prime Capital Blueprint
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
Surpassing View
Date:2025-04-06 17:27:34
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! (2218)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- 'National Geographic at my front door': Watch runaway emu stroll through neighborhood
- Small plane crash-lands and bursts into flames on Los Angeles-area street
- 1 of 2 missing victims of Labor Day boat crash found dead in Connecticut
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Rob Kardashian Reacts to Daughter Dream Kardashian Joining Instagram
- Michigan judge loses docket after she’s recorded insulting gays and Black people
- What to watch: Say his name!
- Appeals court scraps Nasdaq boardroom diversity rules in latest DEI setback
- You Have 1 Day To Get 50% Off the Viral Peter Thomas Roth Firmx Exfoliating Peeling Gel & More Ulta Deals
Ranking
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- August jobs report: Economy added disappointing 142,000 jobs as unemployment fell to 4.2%
- Family of Holocaust survivor killed in listeria outbreak files wrongful death lawsuit
- A US mother accused of killing 2 of her children fights extradition in London
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- Workers take their quest to ban smoking in Atlantic City casinos to a higher court
- Revving engines, fighter jets and classical tunes: The inspirations behind EV sounds
- Winners and losers of Chiefs' wild season-opening victory over Ravens
Recommendation
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Why Ben Affleck Is Skipping Premiere for His and Jennifer Lopez’s Movie Amid Divorce
Vanderpump Rules Alum Kristen Doute Is Engaged to Luke Broderick After 2 Years of Dating
The Daily Money: Some shoppers still feel the pinch
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
A body in an open casket in a suburban Detroit park prompts calls to police
Nevada’s only Native American youth shelter gets lifeline as it fights for survival
Ralph Lauren takes the Hamptons for chic fashion show with Jill Biden, H.E.R., Usher, more