Chinese blockchain entrepreneur paid $4.57 mln for lunch with Buffett

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Twenty-eight-year-old Chinese blockchain entrepreneur Justin Sun bid a record 4.57 million U.S. dollars to have lunch with billionaire investor Warren Buffett.

Sun submitted the winning bid during a five-day online charity auction on eBay that ended Friday night.

Sun is the founder and CEO of Tron, which is a project dedicated to establish a decentralized Internet and its infrastructure.

Justin Sun, founder and CEO of Tron, during a forum in Beijing, November 4, 2015. /VCG Photo

Tron was established in 2017. Now, it is worth 2.56 billion U.S. dollars.

Glide Foundation, where the proceeds benefit, announced the winner in a release on Monday, with Sun confirming his winning bid on Twitter and Weibo.

Twitter Screenshot

Warren Buffett's annual charity lunch for Glide has been held over the last 20 years.

In the first year, 25,000 U.S. dollars could afford the lunch.

(With inputs from Reuters.)

(Cover: Warren Buffett, chairman and largest shareholder of Berkshire Hathaway, during the 2019 Berkshire Hathaway Annual Meeting on May 4, 2019. /VCG Photo)