One of the richest men in the world is a renowned stock investor and CEO of Berkshire Hathaway, but he also despises gambling. This is Warren Buffett, and while he has stated time and time again how he despises gambling and even put a penny slot machine in his home to teach his children the pitfalls of gambling he has recently made a $1 Million dollar bracket on the NCAA March Madness game. Buffett who started the tournament among his employees has said that any employee who can guess all sixteen games right will win $1 Million per year for the rest of their life.
This is one of the most ground breaking and influential tournaments of its time, and one that hundreds of people are trying to guess right. Why would Warren Buffett put so much on the line? Well, Warren Buffett is a master of mathematics and naturally, he has calculated the odds of losing. Yet, there is still a chance that one of the employees from the over sixty companies under the Berkshire Hathaway umbrella will be the recipient of a life-changing prize. Warren Buffett has done other tournaments like this, donating over $1 Million to the Girls Club recently.
Warren Buffett has pledged to give most of his fortune away to charity anyway, so there is a good chance that he is just looking to have some fun while doing it. The NCAA tournament is the first with a prize of this caliber, although this is just a small dent in the Oracle of Omaha’s fortune. The tournament hasn’t named a winner yet, the challenge is still ongoing and if you are an employee of one of the many companies under the umbrella of Berkshire Hathaway there has never been a better time to get your head in the game.