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By Alix Langone
March 19, 2018
Warren Buffett of Berkshire Hathaway poses for pictures before the game between the Creighton Bluejays and the Providence Friars at CenturyLink Center on March 8, 2014 in Omaha, Neb.
Warren Buffett of Berkshire Hathaway poses for pictures before the game between the Creighton Bluejays and the Providence Friars at CenturyLink Center on March 8, 2014 in Omaha, Neb.
Eric Francis—Getty Images

For those hoping to win Warren Buffett’s $1 million March Madness challenge, you’re out of luck.

With so many surprising upsets so early on in the NCAA tournament, there are officially no brackets left intact. And that means neither you, nor anyone else, will be walking away with $1 million a year for life courtesy of the Nebraska billionaire.

This year’s bracket busting started early, thanks to a series of unexpected wins like No. 13 seed Buffalo against No.4 Arizona and No.13 seed Marshall over No.4 seed Wichita State.

There were so many upsets, in fact, that by Friday evening, CBS Sports reported that it had only one perfect bracket remaining.

That final perfect bracket was destroyed when No. 16 seed University of Maryland-Baltimore County made history in a stunning upset against No.1 University of Virginia — no No. 16 seed has ever won against a No. 1 in the entirety of March Madness. CBS Sports reported that 99.4% of brackets had Virginia beating UMBC.

After so much bracket carnage, no one can win Buffett’s millions. This year, the billionaire was once again offering the chance to win $1 million dollars a year for life to anyone who works at his company, Berkshire Hathaway, and filled out a perfect bracket through the Sweet 16. No one has won Buffett’s annual challenge to this day.

Still, there were some lucky Buffett employees this year. He gives $100,000 to whoever’s bracket stays intact the longest, and this year eight Berkshire Hathaway employees split the $100,000 prize.

You shouldn’t worry about failing to design the perfect bracket, however. The NCAA has said that you probably wouldn’t win anyway — the chances of completing a perfect March Madness bracket, even for billionaires like Buffett, are some 1 in 128 billion.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

To find out more about our editorial process and how we make money, click here.

EDIT POST