Current:Home > ScamsWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -VitalWealth Strategies
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
View
Date:2025-04-19 09:21:40
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! (8)
Related
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- Novak Djokovic blasts 'disrespect' from fans during latest Wimbledon victory
- Big 12 football media days: One big question for all 16 teams, including Mike Gundy, Deion Sanders
- NYU settles lawsuit filed by 3 Jewish students who complained of pervasive antisemitism
- RFK Jr. grilled again about moving to California while listing New York address on ballot petition
- Tour de France standings, results: Belgium's Jasper Philipsen prevails in Stage 10
- NYU settles lawsuit filed by 3 Jewish students who complained of pervasive antisemitism
- Federal judge rules protesters can’t march through Republican National Convention security zone
- What polling shows about Minnesota Gov. Tim Walz, Harris’ new running mate
- Under pressure from cities, DoorDash steps up efforts to ensure its drivers don’t break traffic laws
Ranking
- Meet 11-year-old skateboarder Zheng Haohao, the youngest Olympian competing in Paris
- Why Alex Cooper Says Zayn Malik Was Her Most Challenging Call Her Daddy Interview Yet
- Livvy Dunne announces return to LSU gymnastics for fifth season: 'I'm not Dunne yet'
- No relief: US cities with lowest air conditioning rates suffer through summer heat
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Woman swallowed whole by a python in Indonesia, second such killing in a month
- Steelers cornerback Cameron Sutton suspended 8 games by NFL for violating conduct policy
- The Biggest Bombshells From Alec Baldwin's Rust Shooting Trial for Involuntary Manslaughter
Recommendation
Family of explorer who died in the Titan sub implosion seeks $50M-plus in wrongful death lawsuit
Imagine Dragons' Dan Reynolds talks 'harm' of Mormonism, relationship with family
Chicago Baptist church pastor missing, last seen on July 2
Tourists still flock to Death Valley amid searing US heat wave blamed for several deaths
Olympic women's basketball bracket: Schedule, results, Team USA's path to gold
NRA’s ex-CFO agreed to 10-year not-for-profit ban, still owes $2M for role in lavish spending scheme
Everything Marvel has in the works, from 'Agatha All Along' to 'Deadpool & Wolverine'
3 killed after small plane crashes in rural North Carolina