By Daily Mail (U.S.) | Created at 2025-03-24 13:10:42 | Updated at 2025-03-26 09:26:06
1 day ago
Warren Buffet is handing over $1million to at least one employee of Berkshire Hathaway as part of his annual company March Madness pool, as the high plateau to get the cash was finally met.
Buffet has offered up the $1million to anyone in his company who correctly predicted all of the Sweet 16 for the last decade, with more than 60,000 entries per year.
This year, Buffet, 94, changed the rules to give more people a chance to win - correctly predicting at least 30 of the 32 teams to win a first round game.
Multiple people reached that plateau after Michigan State's victory over Bryant, per Front Office Sports.
Internal updates were sent on Thursday and Friday to Berkshire Hathaway employees by someone's pseudonym of 'Chester Q. Brackington,' with him confirming early Saturday morning after Oregon defeated Liberty that the elusive jackpot had been won by at least one employee.
'We have our first ever confirmed award of The Prize,' Brackington wrote.
Buffet gets the opportunity to give away $1million as part of his annual March Madness pool
The money is going to any employee guessing 30 or more teams correctly in the first round
The identity, or identities, of the prize winners are planned to be released by a company press release on Monday.
Earlier this month, Buffet explained to the Wall Street Journal why he changed the rules, although no one could have been sure the change would have immediate success.
'I’m getting older… I want to give away a million dollars to somebody while I’m still around as chairman,' said Buffet.
This year's NCAA Tournament has lacked the big-time upsets associated with March Madness, as the lowest seed to advance to the Round of 32 was a No 12.
The chalky nature of the tournament continued over the weekend, as zero non-Power Conference teams advanced to the Sweet 16.
