The 81-year-old billionaire revealed his diagnosis in a letter posted on his investment firm, Berkshire Hathaway’s website, in which he describes his condition as “not remotely life threatening”.

“This is to let you know that I have been diagnosed with stage I prostate cancer,” says the statment. 

“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. 

“I received my diagnosis last Wednesday. I then had a CAT scan and a bone scan on Thursday, followed by an MRI today. These tests showed no incidence of cancer elsewhere in my body.”

“I feel great – as if I were in my normal excellent health – and my energy level is 100 percent [sic].

I discovered the cancer because my PSA level (an indicator my doctors had regularly checked for many years) recently jumped beyond its normal elevation and a biopsy seemed warranted. 

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

Buffet’s firm posted £115 billion in revenues last year and he personally is regarded as one of the the financial industry’s greatest PR asset.

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