Warren Buffet: The Last Supper – Economics

In the end, the bids overturned. It was also the last chance to bid for a meal with the legendary investor Warren Buffett, now 91. In the end, an anonymous bidder got the bid for $19,000,100. The winner can now bring up to seven guests to dinner with the billionaire at the New York steakhouse Smith & Wollensky. Rather not a place for vegetarians and vegans unless they are content with side dishes. On its website, the restaurant advertises with the slogan: If steaks were a religion, this would be the cathedral. A porterhouse for two is $140. A place that suits Buffett’s tastes: he likes steaks and hot dogs – and cola.

The billionaire has been auctioning off a private meal every year since 2000, only in 2020 and 2021 it was canceled due to Corona. Proceeds go to the charity Glide, which cares for the poor, homeless and victims of abuse – reportedly totaling a good $53 million over the years. The most recent auction began on June 12 with a starting price of $25,000, and last Monday bids exceeded $2 million. On Friday, the last day of the auction, things happened in rapid succession. The last bid was then only $100 higher than the previous one.

A meal with a buffet has never been more expensive than this year. The previous record was from 2019, when Justin Yuchen paid Sun, a Chinese entrepreneur and founder of blockchain platform Tron, $4.6 million. Buffett was quoted as saying after the end of the auction that he had met a lot of interesting people from all over the world. They all gave the feeling that their money goes to a good cause. Buffett announced years ago that he wanted to donate nearly his entire fortune to charity.

The American is one of the richest men in the world. The magazine forbes put his net worth at $93.4 billion as of Friday. Buffett is still the head of the investment company Berkshire Hathaway, which has stakes in more than 60 companies, including insurer Geico and battery maker Duracell. He had his first share loud forbes Bought when she was eleven.

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