Buffett diagnosed with stage 1 prostate cancer
18 Apr 2012
US tycoon Warren Buffett announced this week that he had early-stage prostate cancer, but gave no indication of stepping down as head of his investment firm Berkshire Hathaway.
However, with his big glasses and preference for Cherry Coke, the celebrated investor is also known for his humble manner and modest tastes, despite having amassed billions as the mastermind and chief executive of Berkshire.
with an estimated net worth of $44 billion, Buffet, known as the ''Oracle of Omaha' for his investment savvy, had been at the number three spot on the Forbes richest list released last month.
In a letter to shareholders of his company, released after the stock markets closed yesterday, Buffett said he had been diagnosed with stage 1 prostate cancer last Wednesday. He added, he would undergo radiation treatment beginning in mid-July. He added that cancer had not been detected elsewhere in his body.
"The good news is that I've been told by my doctors that my condition is not remotely life-threatening or even debilitating in any meaningful way," he said.
According to Buffett, he and his doctors had decided on a two-month treatment of daily radiation, which would restrict his travel "but will not otherwise change my daily routine."
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