Warren Buffett Offering $1 Billion for Perfect Bracket - Lost Lettermen

Warren Buffett Offering $1 Billion for Perfect Bracket

January 21st, 2014| by

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.

[Business Insider]




#on campus

Lost Lettermen

Lost Lettermen was launched in March 2009 as a news website and database dedicated to college sports and its former players (hence the name)

Login or Create an Account

Create an Account

Manage Your Teams

Search for your favorite team

My Favorites