Jan 21, 2014
Warren Buffett Offering $1 Billion for Perfect NCAA Bracket

Slate.com

http://www.slate.com/blogs/business_insider/2014/01/21/warren_buffett_march_madness_contest_1_billion_for_the_perfect_bracket.html

Warren Buffett’s Berkshire Hathaway and Dan Gilbert’s Quicken Loans are partnering to award $1 billion to anyone who fills out a perfect 2014 Men’s NCAA Tournament bracket.

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.

“It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill, Jay Farner, President and Chief Marketing Officer of Quicken Loans, said in a statement. He added: We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat.”

Click here for the complete story.

Warren Buffett Offering $1 Billion for Perfect NCAA Bracket

Slate.com

http://www.slate.com/blogs/business_insider/2014/01/21/warren_buffett_march_madness_contest_1_billion_for_the_perfect_bracket.html

Warren Buffett’s Berkshire Hathaway and Dan Gilbert’s Quicken Loans are partnering to award $1 billion to anyone who fills out a perfect 2014 Men’s NCAA Tournament bracket.

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.

“It is our mission to create amazing experiences for our clients. This contest, with the possibility of creating a billionaire, definitely fits that bill, Jay Farner, President and Chief Marketing Officer of Quicken Loans, said in a statement. He added: We’ve seen a lot of contests offering a million dollars for putting together a good bracket, which got us thinking, what is the perfect bracket worth? We decided a billion dollars seems right for such an impressive feat.”

Click here for the complete story.






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