Bizarre and ridiculous as you may think, Forbes 4th richest man in the world, Warren Buffett is offering $1 billion to anyone who can predict the winner of all 63 games in this year’s NCAA men’s college basketball tournament.
Buffett and Berkshire Hathaway are partnering with Quicken Loans, owned by fellow billionaire Cleveland Cavaliers owner Dan Gilbert, to offer the ‘Quicken Loans Billion Dollar Bracket.’
Warren Buffett is estimated to be worth $53 billion while Gilbert is listed at #384 of Forbes’ list of billionaires with an estimated net worth of $3.9 billion.
The odds of winning are said to be one in 4,294,967,296.
According to Forbes, the details are as follows: pick all of the correct winners and win. If there is more than one winner (statistically, that’s nearly unfathomable), you’ll share the $1 billion prize.
The $1 billion will be paid in 40 annual installments of $25 million. Or if you don’t want to wait around that long, you can claim a lump sum payment of just half: $500 million.
The NCAA tourney starts March 18. It’s the ultimate March Madness.
