British tycoon takes up City A.M.’s lunch date challenge
5 June 2014 2:17am
UK investment tycoon Jim Mellon is to follow in Warren Buffett’s footsteps and auction off the chance to have lunch with him in aid of charity.
Mellon’s decision follows an article written in City A.M.’s diary earlier this week, questioning whether the so-called UK answer to the Oracle of Omaha would ever replicate Buffett’s annual lunch bid, which is currently underway on eBay.
“It’s a great idea,” Mellon told us. “Sadly, I’m a pale imitation of Warren Buffett but happy to do a lunch for two people at a mutually convenient time.”
The former fund manager, currently at 117 on the Sunday Times Rich List with an estimated fortune of £850m, has chosen Wellbeing of Women as his charity of choice, as his sister Claire Mellon is a trustee. Mellon has offered to match any bid of up to £10,000, adding to the charity’s final haul.
Warren Buffett’s lunch bidding has always been a success with the largest ever bid standing at $3.5m, which was handed over by an anonymous bidder in 2012. Mellon’s bidding page on eBay is still in the making so interested parties can’t make a firm offer as of yet but keep reading The Capitalist to find out when the bidding is open, or email email@example.com.
In other news
Graduates should be awarded point scores alongside the existing degree grades, a new report has said, something [Read more]
Banks are finally starting to lend to Britain's small and medium sized businesses new data has shown, suggesting [Read more]
Just eight years ago, there was no iPhone, while a mere decade ago, half of all Britain's internet connections [Read more]
The nationwide rail strike, called off at the 11th hour last week, has been rescheduled for next week. [Read more]
Women's teams will feature on the forthcoming Fifa '16 video games - marking the first time women's football has [Read more]
Just a day after the Queen's Speech confirmed what we knew the Tories would have to do, a bill has dropped into [Read more]
Avago Technologies has sealed a $37bn acquisition of fellow semiconductor company Broadcom to create an industry [Read more]
Russian President Vladimir Putin has accused the United States of meddling in affairs beyond its jurisdiction [Read more]
The UK's GDP increased by 0.3 per cent in the first quarter of 2015, according to the latest figures from the [Read more]
Five people were arrested after the anti-austerity protest in Whitehall and Trafalgar Square turned voilent yesterday. [Read more]
Claire Perry has said “at times, the delays and disruption that are occurring are simply inexcusable.” [Read more]
Like electing a boss of Fifa whose surname isn’t Blatter or extracting an apology from Thomas Cook, reforming [Read more]
Britain's FinTech sector is a particularly bright spot in the UK’s recovering economy. Investment in London [Read more]
Currency volatility did Kingfisher no favours in the first quarter of 2015, but investors have not been put off. [Read more]
Power systems manufacturer Rolls-Royce has signed an €80m (£57m) contract with General Dynamics European Land [Read more]