Warren Buffett has been attempting to provide away $1 million to an worker of Berkshire Hathaway throughout the NCAA’s March Insanity basketball event — for a minimum of a decade.
Buffett, 94, beforehand told The Wall Street Journal that the corporate made it simpler than ever this yr as a result of he needs to see the cash lastly gained.
“I am getting older,” he advised the outlet. “I wish to give away one million {dollars} to someone whereas I am nonetheless round as chairman.”
Nicely, it seems that 2025 was the yr.
The WSJ reports that Buffett’s workplace bracket was gained by an worker of FlightSafety Worldwide, a Berkshire subsidiary. The winner requested to be nameless.
This yr’s guidelines acknowledged that if an entrant picked a minimum of 30 of the event’s 32 first-round recreation winners, they will get the cool million. Previously, staff wanted an ideal first-round bracket (which is the rationale for no previous winners).
However Marc Hamburg, Berkshire’s chief monetary officer, advised the WSJ that 12 brackets truly had 31 of the 32 first-round video games appropriate this yr. 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 accurately.
“I really feel good that we type of hit the candy spot on this one,” Buffett advised 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 advised the individual does not wish to be publicly recognized.
