Over the 19 years that billionaire Warren Buffett has been auctioning off a lunch to benefit charity, the winning bids have skyrocketed.
Pete Budlong, a San Francisco technology entrepreneur, was the first to ever win an auction to dine with Buffett in 2000. At that time, he paid only $25,000. In 2017, the winner paid almost $2.7 million. For 2018, the winner bid $3.3 million. The proceeds of the auction benefit Glide, an anti-poverty organization in San Francisco that Buffett became involved with through his late wife, Susie.
But as the bids soar, what Buffett eats for lunch has remained largely the same — right in line with his traditional and simple style.