Warren Buffet, CEO of Berkshire Hathaway, offers $1 Million per year for life to the winner of the March Madness bracket challenge. The rules are very simple. Anyone who can pick the last 16 teams in the 2019 NCAA Tournament will win the mega prize every year. And employees of Buffett’s Berkshire Hathaway are only eligible to win his March Madness bracket challenge.
Billionaire Warren Buffett is offering 1 million dollars a year for life, to the person who works for him that can pick a perfect Sweet 16 of the tournament. pic.twitter.com/DGXSvHZFhH
— TODAY (@TODAYshow) March 19, 2019
“We always have a sure winner,” he said on CNBC. “Last year, it’s true the favorites got knocked out early. But we did split — there’s a $100,000 consolation prize for whoever does the best. Now, that got split eight ways last year. But the year before, we had five people that came within one game and just to the last games of winning the million-dollar prize. Now, if they’d won the million, they would have had to have split it if all five had won it. But there’s a million-dollar prize. And we’re going to do it again this year.
According to Jonathan Mattingly, a math professor at Duke University, the odds of someone picking a perfect bracket are one in 2.4 trillion. Not a single worker won the contest last year but there were eight employees who survived the longest and split a $100,000 consolation prize.
I would be the guy coming in early for the rest of his life.
— Pissed off Veteran! (@Ironsidejekl) March 19, 2019
I work for a Berkshire company and there isn't a stipulation that I've ever seen that says you need to stay at the job.
— Jeff Fuller (@JefFullerMyself) March 19, 2019
— Audrey Asistio NBC10 Boston (@AudreyNBCBoston) March 18, 2019
— Ryan Lahti (@RyanLahti) March 19, 2019
Hope it pays off
— Ryan Lahti (@RyanLahti) March 20, 2019