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Monday, 9 June 2014

Andy Chua snags right to dine with Warren Buffett

Singapore’s Andy Chua has won the right to dine with the world’s third-richest man Warren Buffett.

Chua won the privilege of a dinner with Buffett, one of the savviest stock investors in the world, with a single bid of US$2.1mil (RM6.9mil).

The proceeds will benefit a San Francisco charity.

The Omaha World-Herald reported that Chua and seven guests will get to meet Buffett, the Chief Executive of Berkshire Hathaway, in Manhattan for lunch at Smith & Wollensky, a 10-restaurant chain of steakhouses with small-batch bourbons and deep-polished wood, where a shrimp cocktail goes for about US$20 (RM64) and the long bone rib-eye close to US$70 (RM224).

Bidding started last Sunday at US$25,000 (RM80,325). By Tuesday, the US$500,000 (RM1.6mil) mark had been reached. The bidding surpassed US$1mil (RM3.2mil) on Wednesday. On Friday evening, there was a flurry of late bids.

Bloomberg News reported that Chua was the 12th and final hopeful to bid with less than 10 minutes to go in the auction on Friday evening.

The winning bid was more than double last year’s US$1mil (RM3.2mil) winner, the Omaha World-Herald said.

The yearly event draws Buffett’s admirers because they want to spend time with a historic figure, said Mohnish Pabrai, who was part of 2007’s winning group.

“There’s a very simple, acceptable way to bribe him to a meal,” Pabrai told Bloomberg after the auction on Friday. — The Straits Times / Asia News Network

Tags / Keywords: World , Regional , world


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