Here is something that you may not realize about Warren Buffett: counting only his take-home pay, the Oracle of Omaha is a pauper compared to his peers. With a yearly salary of just $100K from Berkshire-Hathaway, the grandfatherly Buffett just barely finds himself among the top 30% of earners — a mere pittance for one of the world's richest individuals. But as we all know, there is more to this story than meets the eye. After all, Warren is not exactly wondering where his next meal is coming from... The difference, in this case, is in the dividends.
You see, aside from the paycheck he received from his "day job," Warren earned an estimated $42,583,971 in income last year from the dividends spun off from his own personal holdings.Those dividend money machines accounted for 99.76% of his estimated 2009 income, keeping him flush with cheeseburgers and business jets. And with the yields on the benchmark 10-year Treasury note hovering in the 3.8% range and the market struggling to rebound, Buffett's dividend portfolio will likely outperform in 2010, adding to his massive fortune. True to form, he buys them, holds them, and watches them grow. Simple — but effective.
Source: Wealth Daily
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How Warren Buffett Survives With Dividend Stock
Posted by D4L | Wednesday, April 21, 2010 | ArticleLinks | 0 comments »________________________________________________________________
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