Billionaire investor Warren Buffett is offering to make one of his employees a multi-millionaire if they can craft the perfect Sweet 16 NCAA tournament bracket.
Buffett promised to hand a winning Berkshire Hathaway employee a cool one million every year for life if they hit a perfect score with their tournament predictions, USA Today reported.
“All you have to do is get through the first bracket to win $1 million, assuming nobody else wins at the same time then you split the million,” Buffett told CNBC.
The Berkshire Hathaway CEO has also offered $100,000 for the employee who does the best. Last year, eight employees tied for the $100K consolation prize.
Out of Berkshire Hathaway’s 390,000 employees, about 100,000 filled out brackets and entered their boss’s contest, the company said.
The odds of a Berkshire Hathaway employee hitting a perfect bracket are not great. Last year no one in the country drew up a perfect bracket and, according to odds-makers, the chances of getting a perfect prediction are one in 2.4 trillion.
Follow Warner Todd Huston on Twitter @warnerthuston.
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