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Private Lunch With Warren Buffett Sets a Bidder Back $3.5 Million

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An anonymous bidder shelled out a record-breaking $3,456,789 at an annual charity auction Friday night to dine privately with the Nebraska billionaire Warren Buffett, reported the Washington Post.

Buffett's auction raises money for the Glide Foundation, a nonprofit that helps the homeless in San Francisco.

The 81-year-old investor says the questions typically raised by his fellow diners do not concern investing but rather philanthropy and family. Buffett and Microsoft business magnate Bill Gates—ranked the second wealthiest man in the nation by Forbes magazine in 2012 with $61 billion—are spearheading an effort encouraging wealthy people to donate at least half of their fortunes. The Post reports nearly 80 percent of the wealthiest families in the United States have signed "The Giving Pledge."

Buffett typically takes the Glide auction winner to Smith and Wollensky in New York City. Each year, the steak house gives away at least $10,000 to Glide to host the auction lunch.

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According to previous auction winners, Buffett answered all questions over the course of several hours, and the opportunity was worth every penny.

In January, reflecting on the past year in the Indian Country Today Media Network article ?The 2011 Hall of Shame and Mantel of Fame, American Indian rights activist Suzan Shown Harjo, Cheyenne and Hodulgee Muscogee, praised Buffett for "calling for tax increases on the super-rich, including those in the investor's own billionaire bracket."