Cost to lunch with Warren Buffett: $3.5 million

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Associated Press

Posted on June 9, 2012 at 5:00 AM

Updated Saturday, Jun 9 at 5:00 AM

OMAHA, Neb. (AP) — The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million.

The annual charity auction for a private lunch with the Nebraska billionaire closed Friday night following a flurry of activity in the final hours. In the end, the highest bid was a record-breaking $3,456,789.

The auction benefits the Glide Foundation, which helps the homeless in San Francisco. Buffett has raised more than $11.5 million for the organization in 13 past auctions.

The organization says Friday's top bidder wishes to remain anonymous. Last year's top bid was $2.6 million.

Buffett became one of the world's richest men while building Berkshire Hathaway into a conglomerate. But he says most of the questions he gets at the lunches aren't about investing.

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