Current:Home > ContactWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -Visionary Wealth Guides
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-20 14:22:17
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! (7)
Related
- In ‘Nickel Boys,’ striving for a new way to see
- Appeals court sends back part of Dakota Access oil pipeline protester’s excessive force lawsuit
- Shohei Ohtani 50/50 home run ball headed to auction. How much will it be sold for?
- Ryan Reynolds' Deadpool mocks Marvel movies in exclusive deleted scene
- Trump wants to turn the clock on daylight saving time
- Holiday shoppers expected to shop online this season in record numbers
- Rudy Giuliani disbarred in DC after pushing Trump’s false 2020 election claims
- Pregnant Brittany Mahomes Shares “Best Picture” Ever Taken of Husband Patrick and Son Bronze
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Wendy's is offering $1 Frostys until the end of September
Ranking
- Gen. Mark Milley's security detail and security clearance revoked, Pentagon says
- A Coal Miner Died Early Wednesday at an Alabama Mine With Dozens of Recent Safety Citations
- 'Tremendous smell': Dispatch logs detail chaotic scene at Ohio railcar chemical leak
- Honey Boo Boo’s Lauryn Pumpkin Shannon Showcases New Romance 2 Months After Josh Efird Divorce Filing
- Trump wants to turn the clock on daylight saving time
- Gil Ramirez remains on 'Golden Bachelorette' as Joan hits senior prom. Who left?
- Channing Tatum and Jenna Dewan's divorce nears an end after 6 years
- Companies back away from Oregon floating offshore wind project as opposition grows
Recommendation
Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
Tropical Weather Latest: Hurricane Helene is upgraded to Category 2 as it heads toward Florida
Naomi Campbell banned from charity role for 5 years after financial investigation
How New York City Is Getting Screwed Out of $4.2 Billion in State Green Bonds
Moving abroad can be expensive: These 5 countries will 'pay' you to move there
Opinion: UNLV's QB mess over NIL first of many to come until athletes are made employees
Appeals court hears arguments in fight between 2 tribes over Alabama casino built on ‘sacred’ land
Honey Boo Boo’s Lauryn Pumpkin Shannon Showcases New Romance 2 Months After Josh Efird Divorce Filing