Jan 21, 2014, 2:48 PM EDT
Warren Buffett wants to give you a billion dollars.
With a ‘B’.
And he wants to do it if you manage to fill out a perfect bracket for the NCAA tournament.
Seriously. Quicken Loans is sponsoring the Billion Dollar Bracket Challenge, and Buffett is the CEO of Berkshire Hathaway, the company insuring the grand prize.
“We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat,” said Jay Farner, President and Chief Marketing Officer of Quicken Loans. “It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill.”
Anyone with a perfect bracket will win either $500 million up front or $25 million a year for the next 40 years. If no one wins, the top 20 brackets will receive $100,000.
“Millions of people play brackets every March, so why not take a shot at becoming $1 billion richer for doing so,” said Buffett. “While there is no simple path to success, it sure doesn’t get much easier than filling out a bracket online. To quote a commercial from one of my companies, I’d dare say it’s so easy to enter that even a caveman can do it.”
- NCAA council aims to change immediate eligibility waiver policy 0
- Reports: Missouri’s Frank Haith agrees to take the Tulsa job 11
- Kentucky’s James Young to enter the NBA Draft 0
- Jabari Parker is headed to the NBA 5
- It’s beyond time for college basketball to return to NBA’s early entry calendar 0
- Former Alabama player Devonta Pollard receiving interest from Kentucky 2
- 2014 NBA Draft: What early entry decisions are we still waiting for? 0
- NCAA approves unlimited meals and snacks for Division I student-athletes (11)
- #UMassUnited: Thousands show to support Derrick Gordon during Westboro Baptist Church protest (11)
- Reports: Missouri’s Frank Haith agrees to take the Tulsa job (11)
- Report: Cuonzo Martin to become the new head coach at California (10)
- Cuonzo Martin and Tennessee parting ways is good for everyone involved (9)