- Associated Press - Monday, February 29, 2016

OMAHA, Neb. (AP) - Berkshire Hathaway employees can win $100,000 by picking the most consecutive winners in the NCAA men’s basketball tournament.

Billionaire Warren Buffett announced the contest for his more than 300,000 employees during an interview on CNBC Monday.

Buffett says at least one employee will win the $100,000 prize, but if multiple employees tie, they will share the prize.

If an employee can somehow manage to pick all 48 of the games in the opening rounds correctly a bigger prize awaits. Buffett said he would pay that person $1 million a year for life.

This isn’t the first time Buffett bet on the difficulty of picking the tournament. Two years ago, Berkshire insured a $1 billion prize Quicken Loans offered, but didn’t have to pay because no one had a perfect bracket.

Sign up for Daily Newsletters

Copyright © 2019 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.


Click to Read More and View Comments

Click to Hide