The NCAA Tournament has returned, and along with that comes Warren Buffett’s annual Berkshire Hathaway bracket challenge.
In past years, Buffett has offered enormous prizes if an employee can pick a perfect bracket and this year the prize will be $1 million a year for life. Pretty sweet, right?
Of course, the chances of picking a perfect bracket aren’t in anyone’s favor.
But just in case some magic happens, the offer is there and this year Buffett has added an extra twist.
If the Creighton Bluejays or Nebraska Cornhuskers wins the tournament, the prize will double, Buffett said Monday in a wide-ranging interview with CNBC.“So, instead of $1 million, it’ll be $2 million,” the chairman and CEO of Berkshire Hathaway told “Squawk Box.”
You know who Berkshire Hathaway employees will be rooting for.
Creighton enters the tournament as a No. 8 seed and will kickoff their March Madness run on Friday, March 16 against No. 9 seed Kansas State. Tip-off is set for 6:50 p.m. ET.