Warren Buffet Diagnosed with Early Stage Prostate Cancer

USA Today

Billionaire investor Warren Buffett told shareholders of Berkshire Hathaway on Tuesday that he has prostate cancer but "feels great" and will continue to run the conglomerate during treatments.

In a letter to Berkshire (BRK.B) investors, Buffett, 81, the chairman and CEO, said he has been diagnosed with early stage prostate cancer and that he will commence daily radiation treatment in mid-July. Buffett, nicknamed the Oracle of Omaha for his investment prowess, stressed that his condition is treatable and is "not remotely life-threatening or even debilitating in any meaningful way."

The five-year survival rate for the type of cancer Buffett has — a stage 1 tumor, in which the cancer hasn't spread outside the prostate gland — is 100%, according to the American Cancer Society. Even after 15 years, the survival rate for all stages of prostate cancer combined is 91%... Read More