NVIDIA plummeted nearly 17%, with the wealth of the tech giant led by Huang Renxun plummeting

NVIDIA (NVDA. O) shares plunged nearly 17 percent and lost a record $589 billion in market value. According to Forbes.com, the company's CEO and largest individual shareholder Huang Renxun's net worth shrank by $20.80 billion at the end of the day, falling from $124.40 billion to $103.70 billion and from No. 10 on Forbes' real-time billionaire list to No. 17. Oracle (ORCL. N) fell 14 percent and Chairperson Larry Ellison's net worth fell by $27.60 billion, falling from the third richest person in the world to fifth. The world's 500 richest people lost a combined $108 billion on Monday, according to the Bloomberg Billionaires Index, and the fortunes of tech giants as a whole evaporated by $94 billion, accounting for about 85% of the index's total decline.