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Date Posted: 8:53:58 3/14/23 Tue
Author: Jasper
Subject: Nobody is immune

.
Shares of Charles Schwab Corp, a savings and loan holding company, closed 11.6% lower at $51.91 apiece on Monday, bringing its market value lower by nearly 38% so far this year.

As founder Schwab has much of his fortune tied to a 6% stake in the company, the billionaire has seen $2.9 billion wiped off from his fortune since March 8, when the Silicon Valley Bank, or SVB, situation started unraveling, per Bloomberg.

https://www.msn.com/en-us/money/markets/billionaire-charles-schwab-s-wealth-plunged-nearly-3-billion-after-his-brokerage-s-shares-were-hammered-amid-the-banking-crisis/ar-AA18AV0E?ocid=hpmsn&cvid=6fcb26c8a35f4e67933c10c768ac27f4&ei=16

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