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Warren Buffett lunch sells for £1 million on eBay

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By Yinka Adegoke And Jonathan Stempel
27 June 2009 @ 01:47 pm ET

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Hedge fund manager Zhao Danyang (L) and his son Zhao Ziyang (age 5 1/2) stand with billionaire investor Warren Buffett after placing the winning bid in a charity auction for lunch with Buffett in New York, June 24, 2009. (REUTERS / Chip East)

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In 2006, Buffett pledged most of his net worth to the Bill & Melinda Gates Foundation and four family charities. Forbes magazine in March estimated his fortune at $40 billion.

The auctions began in 2000 after Buffett was introduced to Glide by his first wife, Susie. The first three auctions were held live. Winning bids soared when they moved online in 2003.

(Reporting by Yinka Adegoke and Jonathan Stempel)

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