Billionaires Pick Top Seed Alabama in March Madness Fundraiser

Wall Street titans, CEOs compete in NCAA pool for charities
Fundraiser to generate more than $1 million for nonprofits

Brandon Miller of the Alabama Crimson Tide lays up a basket during the 2023 SEC Basketball Tournament final on March 12. — Brandon Miller of the Alabama Crimson Tide lays up a basket during the 2023 SEC Basketball Tournament final on March 12.
Photographer: Andy Lyons/Getty Images

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By Bailey Lipschultz

March 16, 2023 at 3:17 PM UTC

It’s all about betting on top seeds for business mavens making their picks for who will be crowned national champion of men’s college basketball.

Nearly 40% of the roughly 50 participants in this year’s Bloomberg Brackets for a Cause chose top-seeded Alabama to win the men’s NCAA basketball tournament, which begins first round games on Thursday.