Warren Buffett Offering $1 Billion for Perfect Bracket
January 21st, 2014| by Lost Lettermen
Your annual office pool isn’t the only outlet through which you can win money when it comes to this year’s NCAA men’s basketball tournament.
Investor extraordinaire Warren Buffett’s company, Berkshire Hathaway, has partnered with Quicken Loans to offer a $1 billion reward to anyone who fills out a perfect 2014 bracket this spring, to be paid out in 40 annual installments of $25 million. The odds of doing so: 1 in 9.2 quintillion (1 in 92,000,000,000,000,000,000).
There’s still a prize to be won even if perfection isn’t achieved. Quicken will award $100,000 each to the contest’s 20 most accurate “imperfect” brackets for entrants to use toward buying, refinancing or remodeling a home. But why settle for $100,000 win you can win a billion?
No one said that Buffett’s pledge of giving away 99% of his wealth had to be boring.