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March Madness bracket pools are commonplace at businesses across the country when the NCAA Tournament rolls around every year. But chances are no contest comes close to the stakes at Berkshire Hathaway.

Warren Buffett, a longtime basketball fan and chairman of Berkshire Hathaway, has had the most spectacular bracket pool in the country since 2014. That first year, he opened up the challenge to the public, offering $1 billion to any college basketball fan that could deliver the perfect bracket.

Image: Warren Buffett is a lifelong basketball fan whose March Madness competition has only grown in recent years. AP Photo/Nati Harnik