Sunday, May 9, 2021
79.3 F
Fort Worth

Upsets mean Buffett’s $1M bracket prize will go unclaimed

OMAHA, Neb. (AP) — Upsets in the opening weekend of the NCAA men’s basketball tournament ensured that no Berkshire Hathaway employee would claim Warren Buffett’s big prize of $1 million a year for life.

The contest open to Berkshire’s roughly 360,000 employees offered $1 million a year for life to anyone who could pick all 48 of the opening round games perfectly.

The Omaha World-Herald reports (http://bit.ly/1U1pbjG ) Friday’s upset of Michigan State by Middle Tennessee ensured none of the brackets were perfect.

But two Berkshire employees will split $100,000 for picking the most games correctly in a row.

Buffett knew it was unlikely anyone would pick the sweet 16 perfectly. 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.

Get our email updates

Related Articles

Our Digital Sponsors

Stay Connected

7,455FansLike
1,942FollowersFollow
11,851FollowersFollow
93SubscribersSubscribe

Join Our Newsletter

Latest Articles