[QODLink]
Americas
Warren Buffett diagnosed with prostate cancer
US billionaire to undergo radiation treatment, but tells shareholders condition is "not remotely life-threatening".
Last Modified: 18 Apr 2012 05:14
Warren Buffett was presented with the Medal of Freedom in 2010, the highest US civilian award [AP]

Billionaire investor Warren Buffett has been diagnosed with early-stage prostate cancer, but said in a statement to his company's shareholders that the condition was "not remotely life-threatening".

The 81-year-old chairman of the Berkshire Hathaway conglomerate said in a letter to shareholders that the two-month radiation treatment he and his doctors planned to start in mid-July would restrict his travel but should not otherwise affect his routine.

"I feel great, as if I were in my normal excellent health," said Buffett.

Buffett, one of the world's richest people, was diagnosed on 11 April and has since undergone a CAT scan, bone scan and MRI. He said the tests showed no indication of cancer elsewhere in his body.

Buffett's stake in Berkshire Hathaway was worth $44.6bn as of Tuesday's closing prices before the announcement.

In February Buffett told shareholders that Berkshire's board had chosen someone to succeed him as chief operating officer in the future and he said there were two backup candidates as well.

The tycoon said the unnamed chosen successor and back-ups had not been told they were in line to take over the company.

Buffett has previously said his son Howard, a member of Berkshire's board, would make an ideal chairman.

Buffett's success as an investor and straight-talking style have made him a well-known figure in the US, where his name has recently been associated with Barack Obama's plans to raise taxes for the wealthy , supported by Buffett but blocked this week by the US Senate.

Despite his wealth, Buffett still works in his hometown of Omaha and lives in a house he bought in 1958.

Prostate cancer is the most common cancer in men, as more than 241,000 new cases are expected to be diagnosed in the United States this year.

According to the National Cancer Institute, the five-year survival rate for US prostate cancers found at an early, localised stage is nearly 100 per cent. Many prostate cancer patients die of something else before the cancer kills them.

"I will let shareholders know immediately should my health situation change," Buffett said. "Eventually, of course, it will; but I believe that day is a long way off."

Source:
Agencies
Topics in this article
People
Country
City
Organisation
Featured on Al Jazeera
More than one-quarter of Gaza's population has been displaced, causing a humanitarian crisis.
Ministers and MPs caught on camera sleeping through important speeches have sparked criticism that they are not working.
Muslim charities claim discrimination after major UK banks began closing their accounts.
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Featured
Lawsuit by 6-year-old girl, locked up for a year, reignites debate over indefinite detention of 'boat people'.
Indonesian and Malaysian authorities are keeping a close eye on local supporters of the hard-line Middle East group.
Citizens of the tiny African nation say they're increasingly anxious of the fallout after alleged coup.
A humanitarian crisis and a budget crisis converge in the heart of the human smuggling corridor in Texas.
Assam officials upset that WWII-era Stillwell Road won't be used in transnational highway linking four Asian nations.
join our mailing list