Warren Buffet spent a record $5.1 billion buying back shares of his Berkshire Hathaway Inc. in the second quarter.

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Berkshire Hathaway CEO Warren Buffett has done pretty well for himself and his shareholders throughout his career.

Buffett’s net worth has swelled to $80.5 billion as of this past weekend. This figure doesn’t factor in the $37 billion he’s donated to various charities over the past 14 years. 

The Oracle of Omaha has also created $400 billion in value for shareholders. In the past 55 years, the benchmark S&P 500 has gained 19,784%, inclusive of dividends paid, while Berkshire Hathaway stock is up 2,744,062%.

Dividends have played a key role in Buffett’s long-term success

Warren Buffett has always been excellent at identifying businesses with clear-cut and sustainable competitive advantages, and he’s benefited from holding onto these businesses for long periods of time. He’s also quite the fan of