• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceWarren Buffett

Warren Buffett Just Lost a $100,000 NCAA Bet to a Factory Worker

By
Jeff Bukhari
Jeff Bukhari
By
Jeff Bukhari
Jeff Bukhari
March 21, 2017, 2:22 PM ET

Warren Buffett’s NCAA tournament bracket challenge just left one Berkshire Hathaway employee $100,000 richer.

The unnamed factory employee stayed perfect longer than any of the 96,107 other entries by successfully picking the winners of the first 29 games of the tournament. In total, the winner picked 31 out of 32 first round winners, narrowly missing out on taking home the $1 million prize for picking every game of the opening round correctly.

His only miss, Marquette’s 93–73 loss to the University of South Carolina, meant that he also missed out on the potential for a much larger payday. Buffett had offered $1 million a year for life for any entry that successfully picked the winners of every game of the first two rounds. Still, he takes home more money than last year’s winners, who tied and received $50,000 each after splitting the prize.

Buffett, who is the world’s second richest person, is no stranger to offering big prizes to tournament oracles. In 2014, he partnered with Quicken Loans and Yahoo to offer $1 billion to anyone who successfully picked all 63 games of the main tournament. No one came close winning that year, and Buffett subsequently scaled down the scope of the competition and limited it to his employees.

About the Author
By Jeff Bukhari
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.