Warren Buffett Lunch Auction In June 2009, an eBay auction for lunch with Warren Buffett raised $1.7 million for the Glide Foundation of San Francisco. In 2009, Warren Buffett, an American investor and the second richest man in the world, had an estimated net worth of $37 billion. How long does it take $37 billion invested at an effective rate of 5.9% to earn $1.7 million?
(Sources: “The World’s Billionaires,” Forbes, March 11, 2009; and Alex Crippen, “Warren Buffett Charity Lunch Brings in Almost $1.7 Million from Anonymous Bidder,” CNBC News, June 26, 2009)
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