REUTERS/Jim Young
- Billionaire Charles Schwab's net worth has plunged about $3 billion since March 8.
- Shares of Charles Schwab Corp fell sharply amid the collapse of Silicon Valley Bank.
- Investors are worried as Charles Schwab Corp is sitting on a significant amount of unrealized losses on its bond assets.
Billionaire Charles Schwab's fortune has taken a massive beating after shares of the eponymous company he founded plunged amid the banking crisis.
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.