Business

Young Chinese entrepreneurs spent 4.57 million USD to have a chance to have lunch with American billionaire

China’s electronic money pioneer, Justin Sun, 28, revealed on Monday that he had paid a record $ 4.57 million at a charity auction to have lunch with Buffett, billionaire chairman of Berkshire Hathaway.

Sun’s winning bid, 28, was announced on Twitter, confirmed by the Glide Foundation, the 5-day online auction on eBay ended Friday night.

Glide Foundation is located in Tenderloin County, San Francisco, and is home to the poor, homeless and those who fight drug abuse.

Sun can invite up to 7 people to eat with Buffett at Smith & Wollensky steak in downtown Manhattan.

“I am very happy with the fact that Justin has won lunch and is looking forward to seeing him and his friends,” Buffett said in a statement given by his assistant.

“We will have a good time and Glide will use her contribution to help thousands of people.”

Billionaire Buffett, 88, has raised about $ 34.2 million to Glide in 20 auctions since 2000. His first wife, Susan (who died in 2004), is the one who introduced him to Glide after she became a volunteer there.

Buffett has run Berkshire since 1965. The Omaha, Nebraska-based corporation owns more than 90 businesses such as the Geico auto insurance company and the BNSF railroad, and invests in stocks like Apple and Coca- Cola and Wells Fargo & Co.

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