The Coronavirus Has Cost Buffett $1.1 Billion in Annual Dividend Income

Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett may well be the greatest investor of our time. We're talking about someone who first began investing in the stock market at age 11, and who built a roughly $10,000 nest egg in the 1950s into a net worth of $74 billion today. Mind you, this figure would be tens of billions of dollars higher had Buffett not generously donated to charities throughout the years. He's also created nearly $400 billion in value for Berkshire Hathaway's shareholders over the past five-plus decades.

While Buffett's buy-and-hold investment strategy has played a big role in his success, the importance of dividend stocks in Buffett's investment portfolio shouldn't be overlooked.

Berkshire Hathaway CEO Warren Buffett at his company's annual shareholder meeting. Image source: The Motley Fool.

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Source Fool.com