Back in 2014, Warren Buffett and Quicken Loans teamed up for a pretty crazy March Madness contest. Buffett agreed to give anyone who could correctly predict every single winner in the entire 2014 NCAA Tournament bracket $1 billion. No one came close, so he didn’t follow up with a similar offer last year, but it was fun while it lasted. And now, Buffett is back with a brand new March Madness contest that is, unfortunately, limited to his Berkshire Hathaway employees.
Buffett has agreed to give $1 million a year for life to any of his employees who are able to correctly predict the first two rounds of the 2016 NCAA Tournament. It’s still a monumental task—to put it into perspective, CBS Sports is reporting that only .0025 percent of people who filled out their brackets through CBS Sports last year were able to do it—but it’s not as impossible as correctly predicting every winner throughout the entire tournament. So maybe there’s a chance?
Buffett is also going to give $100,000 to whichever employee correctly picks the most winners throughout the entire tournament. Check out the video above to hear Buffett talk about his latest March Madness contest.
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