June 4, 2013 at 3:51 PM ET
Proceeds go to San Francisco's Glide Foundation, which describes its mission as creating a "radically inclusive, just and loving community mobilized to alleviate suffering and break the cycles of poverty and marginalization."
Buffett, the down-to-earth investor and philanthropist who heads Berkshire Hathaway, was introduced to Glide by his first wife, Susan, and calls it "maybe the most effective organization I've seen for people down on their luck."
Almost $15 million has been raised by the auctions since they began in 2000.
Last year's auction was won by an anonymous bidder who paid a record $3,456,789 to share a meal with Buffett. The winner is allowed to bring along as many as seven other people.
Winning lunch with Buffett can lead to bigger things. Ted Weschler was hired as a Berkshire Hathaway portfolio manager after he paid a total of $5.3 million for two meals with Buffett in the 2010 and 2011 auctions.
Buffett, known as The Oracle of Omaha, may be a bigger draw than Apple's Cook, but back in 2011, an informal CNBC poll asked people if they would rather share a meal with Buffett or Steve Jobs. The Apple co-founder won, 65 percent to 35 percent.
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