Two of tech’s richest billionaires have had a bad day, with tumbling stocks wiping billions off their net worth. As of 3 pm ET, Larry Ellison, founder of software firm Oracle, dropped $5 billion since markets opened Tuesday morning, while Facebook CEO Mark Zuckerberg’s net worth dropped $2.7 billion. Zuckerberg, now the world's seventh richest, clocks in at $66.8 billion, according to Forbes’ real-time ranking of the world’s billionaires. Since some 85% of Ellison’s net worth lies in Oracle shares, the plunging stock has a direct effect on his wealth. And that means Facebook stock — and Zuckerberg’s net worth — may face more tumultuous days ahead.

Source: Forbes March 20, 2018 19:41 UTC