Renowned investor Warren Buffett has said he has stage 1 prostate cancer. According to media reports, his present condition “is not remotely life-threatening or even debilitating in any meaningful way.”
Buffett, the world’s third-richest man, said he has had plenty of medical examinations, including a CAT scan, bone scan and an MRI. The medical tests have shown no incidence of cancer elsewhere in his body.
The radiation treatment, which is set to start in mid-July, would restrict his travel but will not have an impact on his daily routine.
“I feel great – as if I were in my normal excellent health – and my energy level is 100 per cent,” he said while speaking to reporters.
Reports suggest the cancer was detected after a medical condition prompted a biopsy.
Buffett said he will give details to his shareholders immediately should his health situation changes, adding, “Eventually, of course, it will; but I believe that day is a long way off.”
The Berkshire Hathaway Inc CEO, for the first time, said in his yearly letter to his shareholders in February that he had chosen a successor.
Buffett, however, did not disclose the name yet. Speculations are that Ajit Jain, India-born long-time aide of Warren Buffet and head of the company’s insurance operations, is the frontrunner.
Berkshire shares saw a jump of 1.4% Tuesday but were down 1.8% in post-market trading.