Warren Buffett Will Pay $1 Billion to Fan with Perfect March Madness Bracket

[Option D]

im definatley gonna try this one...

http://bleacherreport.com/articles/1931210-warren-buffet-will-pay-1-billion-to-fan-with-perfect-march-madness-bracket

What’s a perfect March Madness bracket worth? In Warren Buffett’s mind, about $1 billion.

According to Rob Wile of Business Insider, Buffett’s company, Berkshire Hathaway, has teamed up with Cleveland Cavaliers owner and Quicken Loans founder Dan Gilbert to offer college basketball fans a shot at becoming a billionaire.

The offer is simple: If you fill out a flawless, twinkling NCAA men's basketball March Madness bracket—you win all the enchiladas. And by "enchiladas," I mean, $1 billion, to be "paid out in 40 annual installments of $25 million," as Wile notes.

Indeed, there are certain small stipulations that come should a contestant win the prize money, although the small print hardly dampers winning this ridiculously large sum of money.


 Tony Dejak/Associated Press Pictured: Dan Gilbert
Should a contestant manage this ridiculously unlikely feat (the chances of filling out the perfect bracket are one in 9.2 quintillion—a nine with 18 zeroes), the sum will be doled out in the aforementioned installments.

The winner would also have the option to settle for a single, $500 million lump sum prize should they wish to forego the installment plan. In the unlikely case of two winners filling out perfect brackets, the prize money would be split down the middle.

"It is our mission to create amazing experiences for our clients," Jay Farner, Quicken Loans president and chief marketing officer, said. "This contest, with the possibility of creating a billionaire, definitely fits that bill."

While the chances of someone actually managing to hit this jackpot are low, there’s more good news to be had: Quicken Loans will be awarding $100,000 each to contestants with the 20 closest but imperfect brackets. So, if you get painfully close to perfection and fall short, there’s still big money to be won.

Runners-up face one stipulation regarding their $100,000: It must be put toward buying, refinancing or remodeling a home. In addition to the prize money offered to private individuals, Quicken Loans will donate $1 million to nonprofit organizations in inner-city Detroit and inner-city Cleveland.

The contest is only open to U.S. citizens who are 21 and older. It begins March 3 and is free of charge. Quicken Loans has yet to provide a URL for the contest website, and it urges those interested to check their Facebook page and Twitter account for further information as March nears.

[RancherRanger]

I'd rather he repay the taxes he's screwed us out of!

[Mitch]

March Madness 

[Kwon_2]

How can basketball be so popular and make so much money?

[The_Punisher]

im definatley gonna try this one...

http://bleacherreport.com/articles/1931210-warren-buffet-will-pay-1-billion-to-fan-with-perfect-march-madness-bracket

What’s a perfect March Madness bracket worth? In Warren Buffett’s mind, about $1 billion.

According to Rob Wile of Business Insider, Buffett’s company, Berkshire Hathaway, has teamed up with Cleveland Cavaliers owner and Quicken Loans founder Dan Gilbert to offer college basketball fans a shot at becoming a billionaire.

The offer is simple: If you fill out a flawless, twinkling NCAA men's basketball March Madness bracket—you win all the enchiladas. And by "enchiladas," I mean, $1 billion, to be "paid out in 40 annual installments of $25 million," as Wile notes.

Indeed, there are certain small stipulations that come should a contestant win the prize money, although the small print hardly dampers winning this ridiculously large sum of money.


 Tony Dejak/Associated Press Pictured: Dan Gilbert
Should a contestant manage this ridiculously unlikely feat (the chances of filling out the perfect bracket are one in 9.2 quintillion—a nine with 18 zeroes), the sum will be doled out in the aforementioned installments.

The winner would also have the option to settle for a single, $500 million lump sum prize should they wish to forego the installment plan. In the unlikely case of two winners filling out perfect brackets, the prize money would be split down the middle.

"It is our mission to create amazing experiences for our clients," Jay Farner, Quicken Loans president and chief marketing officer, said. "This contest, with the possibility of creating a billionaire, definitely fits that bill."

While the chances of someone actually managing to hit this jackpot are low, there’s more good news to be had: Quicken Loans will be awarding $100,000 each to contestants with the 20 closest but imperfect brackets. So, if you get painfully close to perfection and fall short, there’s still big money to be won.

Runners-up face one stipulation regarding their $100,000: It must be put toward buying, refinancing or remodeling a home. In addition to the prize money offered to private individuals, Quicken Loans will donate $1 million to nonprofit organizations in inner-city Detroit and inner-city Cleveland.

The contest is only open to U.S. citizens who are 21 and older. It begins March 3 and is free of charge. Quicken Loans has yet to provide a URL for the contest website, and it urges those interested to check their Facebook page and Twitter account for further information as March nears.

I don't need and annual installment...I want a lumpsum

[El Diablo Blanco]

im definatley gonna try this one...

http://bleacherreport.com/articles/1931210-warren-buffet-will-pay-1-billion-to-fan-with-perfect-march-madness-bracket

What’s a perfect March Madness bracket worth? In Warren Buffett’s mind, about $1 billion.

According to Rob Wile of Business Insider, Buffett’s company, Berkshire Hathaway, has teamed up with Cleveland Cavaliers owner and Quicken Loans founder Dan Gilbert to offer college basketball fans a shot at becoming a billionaire.

The offer is simple: If you fill out a flawless, twinkling NCAA men's basketball March Madness bracket—you win all the enchiladas. And by "enchiladas," I mean, $1 billion, to be "paid out in 40 annual installments of $25 million," as Wile notes.

Indeed, there are certain small stipulations that come should a contestant win the prize money, although the small print hardly dampers winning this ridiculously large sum of money.


 Tony Dejak/Associated Press Pictured: Dan Gilbert
Should a contestant manage this ridiculously unlikely feat (the chances of filling out the perfect bracket are one in 9.2 quintillion—a nine with 18 zeroes), the sum will be doled out in the aforementioned installments.

The winner would also have the option to settle for a single, $500 million lump sum prize should they wish to forego the installment plan. In the unlikely case of two winners filling out perfect brackets, the prize money would be split down the middle.

"It is our mission to create amazing experiences for our clients," Jay Farner, Quicken Loans president and chief marketing officer, said. "This contest, with the possibility of creating a billionaire, definitely fits that bill."

While the chances of someone actually managing to hit this jackpot are low, there’s more good news to be had: Quicken Loans will be awarding $100,000 each to contestants with the 20 closest but imperfect brackets. So, if you get painfully close to perfection and fall short, there’s still big money to be won.

Runners-up face one stipulation regarding their $100,000: It must be put toward buying, refinancing or remodeling a home. In addition to the prize money offered to private individuals, Quicken Loans will donate $1 million to nonprofit organizations in inner-city Detroit and inner-city Cleveland.

The contest is only open to U.S. citizens who are 21 and older. It begins March 3 and is free of charge. Quicken Loans has yet to provide a URL for the contest website, and it urges those interested to check their Facebook page and Twitter account for further information as March nears.

I remember it was a couple years ago some chick I think had all games correct and fucked up on the championship final.  That's gotta suck.

[Option D]

I remember it was a couple years ago some chick I think had all games correct and fucked up on the championship final.  That's gotta suck.

broads always get close on shit like this.

im inclined to have some random chick at the gym fill out my bracket.

[Hulkotron]

Broads

Dames

Toots

[El Diablo Blanco]

broads always get close on shit like this.

im inclined to have some random chick at the gym fill out my bracket.

It was the ESPN $1 million bracket challenge to.

[Irongrip400]

broads always get close on shit like this.

im inclined to have some random chick at the gym fill out my bracket.

In college, one of the bartenders I worked with won by picking all the higher seeds.  She knew nothing about sports, but can you flaw her logic?

Also, is it one bracket per person? Household?

[Mr Anabolic]

I'm going to throw a party when this old crony capitalist scumbag kicks the bucket.

[Option D]

In college, one of the bartenders I worked with won by picking all the higher seeds.  She knew nothing about sports, but can you flaw her logic?

Also, is it one bracket per person? Household?

My sister wins in football pickem week in and week out and she picks the damn raiders every week. She gives away a game and still wins overall.
Its horse shit.

and i think its one per person. Im sure people will be filling out brackets in their kids names all over the place.

[Mr Anabolic]

Why doesn't Warren simply donate that $1 billion dollars to the poor? 

The mind boggles.

[JamesTKirk]

In Buffets "defense" he donated over $3 billion in 2012 and has donated over $12 billion to charities in his lifetime. Not getbigger quality donations but not bad for normal people.

[240 is Back]

m inclined to have some random chick at the gym fill out my bracket.

LOL this.