Warren Buffett Will Pay $1 BILLION to Fan with Perfect March Madness Bracket
Huge offer made by Warren Buffett
Per Business Insider, Warren Buffett's Berkshire Hathaway and Dan Gilbert's Quicken Loans are partnering to award anyone who fills out a perfect 2014 Men's NCAA Tournament bracket with $1 billion.
The prize will be paid out in 40 annual installments of $25 million. If there's more than one winner they'll have to share. The winner or winners can also take or split up an immediate $500 million lump sum payment.
In addition to the grand prize, Quicken will award $100,000 each to the contest's 20 most accurate 'imperfect' brackets submitted by qualified entrants in the contest to use toward buying, refinancing or remodeling a home. Quicken will also donate $1 million to inner-city Detroit and Cleveland non-profit organizations.