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Silicon Valley’s Rich Lose $11.5 Billion in Tech Selloff

The technology stock selloff of the past week has come with a price tag for Silicon Valley’s richest: $11.5 billion.

That’s how much the 23 wealthiest billionaires who derived most of their fortunes from West Coast technology companies have lost since the market closed on April 2, as investors ditched the stocks. Facebook Inc.’s Mark Zuckerberg, Amazon.com Inc.’s Jeff Bezos, Oracle Corp.’s Larry Ellison and Microsoft Corp.’s Bill Gates each lost more than $1 billion in four days of trading, according to the Bloomberg Billionaires Index.