The cost of lunch with the world's third-richest man

Warren Buffett
Warren Buffett. Photo credit: Getty

An anonymous bidder has agreed to pay a record US$4,567,888 (NZ$6.9 million) at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway.

The winning bid, which was submitted during a five-day online auction on eBay that ended Friday night, was nearly one-third higher than the previous record US$3.4 million in both the 2012 and 2016 auctions.

Proceeds benefit the Glide Foundation, a charity in San Francisco's Tenderloin district that serves the poor, homeless or those battling substance abuse.

Buffett, 88, has raised about US$34.2 million for Glide in 20 annual auctions, which began in 2000 and moved to eBay in 2003.

The winning bidder and up to seven friends can dine at the Smith & Wollensky steakhouse in Manhattan with Buffett, who says he will discuss anything apart from his next investments.

This year's auction drew 18 bids from five bidders.

Reuters