Buy a Warren Buffett Fathead for $29.99; Proceeds will go to charity

Buy a Warren Buffett Fathead for $29.99

Proceeds will go to charity

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Author: By Chris Isidore

Published On: Mar 25 2014 06:23:35 AM PDT   Updated On: Mar 25 2014 07:50:38 AM PDT

NEW YORK (CNNMoney) – Investors have been known to pay $1 million for the chance to pick Warren Buffett’s brain over lunch. Now they can get his entire head for only $29.99.

Fathead, which generally sells pictures of sports and movie stars like LeBron James or the “Hunger Games” cast, is selling an oversized picture of Buffett’s face. The proceeds will go to charity.

The pictures were intended as a promotion for the $1 billion perfect NCAA bracket challenge from Quicken Loans and Yahoo Sports.

Buffett’s Berkshire Hathaway wrote the insurance policy that would have paid big if anyone had correctly picked the outcome of every game of the NCAA tournament. But nobody made it out of the first round with a perfect bracket.

The Buffett Fathead (1 foot, 7 inches across by 2 feet tall) debuted when Buffett went on “Late Night with Seth Myers” to promote the NCAA challenge last week. He appeared with Dan Gilbert, who is founder and chairman of Quicken Loans as well as the owner of Fathead.

Buffett agreed to the sale of the Fatheads as long as the money went to charity. For his part, Gilbert is active in charitable work in Detroit, where his companies are based.

The two charities that will benefit from the sale are About Money Matters for Youth, which promotes financial literacy for Detroit youngsters; and Motor City Blight Busters, which works to demolish blighted houses and other abandoned structures in the city.

“I was flattered, and frankly surprised, that anyone would want to purchase a Big Head with my face on it,” said Buffett.

Buffett’s charitable efforts include an annual auction to a private lunch with him and a campaign to get other billionaires to pledge with him to donate their wealth.

 

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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