Famed investor Warren Buffet is said to be worth about $83 billion, and the Oracle of Omaha loves March Madness so much, he's willing to give up some of that cash if you know your college hoops. Instead of discouraging his employees at Berkshire Hathaway from spending working hours putting together an office pool that might top out at a couple hundred bucks for the winner, he's put out a life changing challenge. Pick the last 16 teams remaining in the NCAA tournament, and you get one million dollars a year, FOR LIFE! Now that is a Sweet 16.
According to Forbes.com, it's not going to be easy. A string of upsets last year had none of the over 17 million brackets submitted to ESPN.com getting the final 16 teams right, but the year before 18 people nationally did. Last year, no Berkshire employees made it out of the first round alive. The final eight employee brackets were eliminated when No. 4 seed Wichita State lost to No. 13 Marshall. Those eight employees split the $100,000 consolation prize. Buffett says one employee picked 31 of the 32 first-round games correctly the previous year. Could this be the year?