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Billionaire investor Warren Buffett, 81, announced today that he has been diagnosed with stage 1 prostate cancer, but reassured his friends and family that he feels great and it’s not life threatening.

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Buffet told the Wall Street Journal in a statement: 

“I have been diagnosed with stage 1 prostate Cancer but I feel great as if I were in my normal excellent health. My energy level is 100 percent. My doctors and I have decided on a two-month treatment of daily radiation to begin in mid-July. No Incidence of Cancer Elsewhere in Body.”

Buffet is the inspiration behind President Obama’s “Buffett Rule” which is a tax plan that reduces income inequality in the United States between the top 1 percent of Americans and the remaining 99 percent.

Buffett will continue in his current role as Berkshire Hathaway CEO. Our thoughts and prayers are with Buffett family during this time.

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