That whopping bid, announced by eBay, came in the 21st — and last — such charity luncheon with the aging multibillionaire, who is chairman and CEO of Berkshire Hathaway. Bidding on the eBay website opened last Sunday at a modest US$25,000 but it shot up rapidly as rival bidders tried to outdo one another, finally ending Friday at a total of just over US$19 million. The auction, held annually — though cancelled by COVID-19 concerns for the past two years — raises funds for Glide, which fights poverty in San Francisco. He joined Bill and Malinda Gates in forming a group of the ultra-wealthy who have vowed to give away half their fortunes. Buffett is estimated to have already donated some US$48 billion.

Source: Forbes June 19, 2022 07:38 UTC