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Warren Buffet to award $1 million a year to employee who wins March Madness contest

Posted: 6:35 AM, Mar 18, 2019
Updated: 2019-03-18 11:35:58Z

Billionaire investor Warren Buffett wants to give somebody $1 million a year for the rest of their life - but there is a catch.

The Berkshire Hathaway CEO is once again holding a March Madness men's college basketball bracket contest.

The rules are simple, anyone who can pick the last 16 teams in the tournament will win $1 million a year for life.

But to play, you must be an employee at Berkshire Hathaway.

About 100,000 Berkshire employees completed brackets in previous years.

Last year, not a single worker won the contest.

In fact, none of them got past the first round of the 68-team tournament thanks to numerous upsets.

Eight employees who survived the longest split a $100,000 dollar consolation prize.