Dine with Warren Buffett is getting harder. The traditional charity auction, during which the right to dine with a legendary investor has been playing for 20 years, set an absolute record. The offer won by 28-year-old Peiwo founder and Tron (TRX) CEO Justin Sun.
For lunch with the opponent of cryptocurrency, Sun offered an original rate of $ 4,567,888, which was victorious. The previous price record for a charity lunch with Buffett was set by an anonymous in 2012 and duplicated in 2016. The current rate exceeds the last record by 38%.
The Buffett Auction is raising money for the Glide charity organization from San Francisco, a foundation that was supported by his late wife Susan Buffett. The auction brought Glide over $ 30 million over two decades. Rates increased from 25 thousand dollars in the first years to 4.57 million for lunch in 2019. As part of various charity programs, Glide provides food to the homeless in San Francisco, offers help to victims of domestic violence, helps people find housing, opposes racial and gender inequality.
Justin Sun noted that he is a supporter and a big fan of Buffett and his long-term investment programs. The twentieth dinner will be held at the Smith Wollensky restaurant in Manhattan, which is famous for the best steaks in the United States.
Justin Sun announced that 7 leaders of the cryptocurrency industry will be present at the dinner. Buffett’s negative attitude to Bitcoin and cryptocurrency is known, so Sun hopes for an interesting discussion.
"I look at the upcoming lunch with Buffett as an opportunity to seek mutual understanding and growth. To aid in the conversation and support the overall cryptocurrency and blockchain community." - Sun wrote in a blog.
In turn, Buffett also said:
“I’m delighted with the fact that Justin has won the lunch and am looking forward to meeting him and his friends, we are going to have a good time and Glide will use his contribution to help many thousands of people.”