First-in-a-decade: Warren Buffett employee wins $1M in 'March Madness' contest

Buffett, the 94-year-old CEO of Berkshire Hathaway, originally sought to reward anyone who could accurately predict the Sweet 16.

However, after the $1 million jackpot went unclaimed in 2024 (despite relaxed rules allowing participants to ignore results of eight games between top seeds), he revised them again this year.

The new criteria required participants to correctly predict winners of at least 30 out of the tournament’s first-round games.