Current:Home > NewsWarren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO -WealthRoots Academy
Warren Buffett has left the table. Homeless charity asks investors to bid on meal with software CEO
TrendPulse View
Date:2025-04-11 09:59:55
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! (9787)
Related
- Buckingham Palace staff under investigation for 'bar brawl'
- Mayor condemns GOP Senate race ad tying Democrat to Wisconsin Christmas parade killings
- Chad T. Richards, alleged suspect in murder of gymnast Kara Welsh, appears in court
- Denise Richards Strips Down to Help a Friend in Sizzling Million Dollar Listing L.A. Preview
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Rural America faces a silent mental health crisis. My dad fought to survive it.
- Supreme Court won’t allow Oklahoma to reclaim federal money in dispute over abortion referrals
- Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Florida doctor found liable for botching baby's circumcision tied to 6 patient deaths
Ranking
- Paula Abdul settles lawsuit with former 'So You Think You Can Dance' co
- JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers
- JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers
- Workers without high school diplomas ease labor shortage — but not without a downside
- NFL Week 15 picks straight up and against spread: Bills, Lions put No. 1 seed hopes on line
- Influencer Meredith Duxbury Shares Her Genius Hack for Wearing Heels When You Have Blisters
- Afghan refugee pleads no contest to 2 murders in case that shocked Albuquerque’s Muslim community
- Barbie-themed flip phone replaces internet access with pink nostalgia: How to get yours
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Maui wildfire report details how communities can reduce the risk of similar disasters
Civil rights activist Sybil Morial, wife of New Orleans’ first Black mayor, dead at 91
Man sentenced to over 1 year in prison for thousands of harassing calls to congressional offices
New Zealand official reverses visa refusal for US conservative influencer Candace Owens
Glow Into Fall With a $54.98 Deal on a $120 Peter Thomas Roth Pumpkin Exfoliant for Bright, Smooth Skin
No prison time but sexual offender registry awaits former deputy and basketball star
JD Vance’s Catholicism helped shape his views. So did this little-known group of Catholic thinkers