Warren Buffet has cancer; full recovery is likely

(Reuters) - Berkshire Hathaway Inc Chief Executive Warren Buffett said he has stage 1 prostate cancer but his condition "is not remotely life-threatening or even debilitating in any meaningful way."

Buffett, the world's third-richest man, will begin a two-month treatment consisting of daily radiation treatments starting in mid-July, he said in a statement on Tuesday. This will limit his ability to travel during that time, Buffett added.

The news from the 81-year-old "Oracle of Omaha" is likely to intensify the already brewing debate about the succession plan at Berkshire Hathaway, a conglomerate that employs more than 270,000 people in more than 70 businesses around the world.

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