Warren Buffett has been attempting to present away $1 million to an worker of Berkshire Hathaway throughout the NCAA’s March Insanity basketball match — for a minimum of a decade.
Buffett, 94, beforehand told The Wall Street Journal that the corporate made it simpler than ever this 12 months as a result of he needs to see the cash lastly received.
“I am getting older,” he instructed the outlet. “I need to give away one million {dollars} to any individual whereas I am nonetheless round as chairman.”
Properly, it seems that 2025 was the 12 months.
The WSJ reports that Buffett’s workplace bracket was received by an worker of FlightSafety Worldwide, a Berkshire subsidiary. The winner requested to be nameless.
This 12 months’s guidelines acknowledged that if an entrant picked a minimum of 30 of the match’s 32 first-round recreation winners, they will get the cool million. Prior to now, workers wanted an ideal first-round bracket (which is the explanation for no previous winners).
However Marc Hamburg, Berkshire’s chief monetary officer, instructed the WSJ that 12 brackets really had 31 of the 32 first-round video games appropriate this 12 months. So it went to a tiebreaker to see which bracket went the longest with out a loss. The winner referred to as the primary 29 video games in a row appropriately.
“I really feel good that we kind of hit the candy spot on this one,” Buffett instructed the WSJ.
The runners-up (all 11) get $100,000 every.
Buffett stated he does not know the identify of the winner of the $1 million prize and was instructed the particular person does not need to be publicly recognized.
