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June 30, 2008

Warren Buffett Helps Charity Raise $2-Million

The Glide Foundation, a San Francisco antipoverty group, will receive more than $2-million from a Chinese businessman who made the highest bid in an auction offering lunch with the billionaire and philanthropist Warren Buffett, reports the Reuters news agency.

Zhao Danyang, general manager of Pure Heart China Growth Investment Fund, bid $2.11-million — more than triple last year’s record set at the auction, the news agency reports.

Mr. Buffett has been donating lunches since 2000. The auctions have raised more than $4-million for Glide. (Read an article from The Chronicle’s archive about the Buffett family’s support for Glide.)

Monday June 30, 2008 | Permalink

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