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Warren Buffett, the CEO of Berkshire Hathaway and one of the richest men in the world, has been diagnosed with prostate cancer.

The 81-year old made the announcement yesterday in a statement that reads:

“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. My doctors and I have decided on a two-month treatment of daily radiation to begin in mid-July. This regimen will restrict my travel during that period, but will not otherwise change my daily routine.”

Robby Anderson Mugshot

Buffett says his energy level is “”100%,” but he understands the fear of investors and has attempted to quell them by saying he’s named a successor to his post.

He will alert them to this individual’s identity if his health declines dramatically, but believes “that day is a long way off.”

We wish the financial guru a full recovery and, in the meantime, the public can expect to hear his name brought up often throughout the 2012 President election, as Barack Obama is on the campaign trail right now, advocating for Congress to pass The Buffett Rule, which would increase tax rates on investments/millionaires.

We doubt Ted Nugent is in favor of it.