Top Tech Moguls Lose $33 Billion as Nasdaq Drops Most Since 2011

Market Selloff Is More of a Liquidity Shock, Says Credit Suisse's Woods
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The world’s tech titans just took one on the chin.

The Nasdaq Composite Index tumbled 4.4 percent Wednesday, the most in more than seven years, erasing almost $33 billion from the fortunes of technology’s 61 richest people, according to the Bloomberg Billionaires Index.