PANews reported on January 28 that Nvidia (NVDA.0) stock price plummeted by nearly 17%, with a record loss of $589 billion in market value. According to Forbes, the company's CEO and largest individual shareholder, Huang Renxun's net worth shrank by $20.8 billion at the close, from $124.4 billion to $103.7 billion, and he fell from 10th to 17th on the Forbes real-time billionaires list. Oracle (ORCL.N) fell 14%, and Chairman Larry Ellison's net worth shrank by $27.6 billion, falling from third to fifth on the global rich list. The Bloomberg Billionaires Index showed that the world's 500 richest people lost a total of $108 billion on Monday, and the wealth of technology industry giants evaporated by $94 billion, accounting for about 85% of the total decline in the index.