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Buffett pledged he will dine with the winner and up to seven guests at Smith & Wollensky steakhouse in New York City on a mutually agreed upon date.
The sequential amount of the winning bid ties the record for Buffett's power lunch auctions set in 2012, the Los Angeles Times reports.
"I am proud to be part of something that has directly benefited so many people in need," Buffett said ahead of the auction. "Glide is a bridge for thousands of people on the brink of despair, helping them achieve dignity and opportunity by providing them with basic services."
Buffett told the Times the topics at past lunches, which typically run for a few hours, have varied. The only topic off limits is what the Oracle of Omaha might invest in next.