How much is Michael Burry net worth?
Introduction
Michael Burry is an American investor, hedge fund manager, and physician who gained widespread recognition for his successful bet against the US housing market before the financial crisis of 2008. He is known for his contrarian investment approach and deep research into individual companies and sectors.
Despite his success in finance, Burry’s background as a physician has influenced his investment philosophy, which emphasizes the importance of detailed analysis and independent thinking. In addition to his work as a hedge fund manager, Burry is also an author and has written about his experiences as an investor and the lessons he has learned throughout his career.
As of 2024, Michael Burry net worth is around $300 million.
Early Life
Michael Burry was born on June 19, 1971, in San Jose, California. He grew up in a middle-class family and attended Santa Teresa High School. He was always interested in investing and finance, which led him to pursue a degree in economics at the University of California, Los Angeles (UCLA). After completing his undergraduate studies, he went on to earn a medical degree from Vanderbilt University School of Medicine in 1997.
Burry’s interest in finance did not wane during his medical studies, and he continued to study investing in his free time. His dual background in medicine and finance provided him with a unique perspective on investing, which helped him achieve success later in his career.
Personal Life
Michael Burry is a private individual and has kept his personal life out of the public eye. There is very little information available about his personal life, including his marital status, family, and other details.
However, he has publicly disclosed his diagnosis of Asperger’s Syndrome, a type of autism spectrum disorder, and how it has affected his life and career. He has mentioned that he has struggled with social interactions and has found comfort in working with numbers and data analysis, which has been a significant contributor to his success as an investor.
Aside from this, Burry has also been an advocate for ethical investing and has spoken publicly about the importance of responsible investment practices. In 2019, he announced that he would no longer invest in companies that do not adhere to environmentally and socially responsible practices.
Career
Michael Burry is a successful American investor, hedge fund manager, and physician. After finishing his studies in economics at Vanderbilt University, he went on to pursue a career in medicine and earned his medical degree from the Baylor College of Medicine. However, his interest in finance and investing led him to switch careers and he eventually founded his own hedge fund company, Scion Capital LLC.
Burry’s investment strategy mainly involved betting against the housing market, which turned out to be a successful move during the 2007-2008 financial crisis. He was one of the few investors who foresaw the collapse of the subprime mortgage industry and managed to profit from it, earning him worldwide recognition and admiration.
Apart from his successful career in finance, Burry is also known for his love of heavy metal music and his charitable work. He has donated a significant portion of his wealth to various causes, including autism research and animal welfare organizations.
Achievements
Here are some achievements of Michael Burry:
- He founded Scion Capital in 2000 with $1 million and grew it to $600 million by 2005.
- He was one of the first investors to foresee the subprime mortgage crisis of 2007-2008, and he made a huge profit by betting against the housing market.
- He was portrayed by Christian Bale in the movie “The Big Short,” which was based on the book of the same name by Michael Lewis.
- In 2013, he closed his hedge fund and stopped investing money for clients, citing that the market had become too unpredictable.
- He has been described as one of the most successful contrarian investors of all time.
- He has a reputation for being a deep-value investor and for conducting in-depth research into companies before investing in them.
- He is known for his unique investment strategy, which involves making concentrated bets on undervalued companies that he believes are mispriced by the market.
Net Worth and Assets
As of 2024, Michael Burry net worth is estimated to be around $300 million. The majority of his wealth comes from his success as an investor and hedge fund manager.
During his time managing Scion Capital, his hedge fund returned more than 200% from 2000 to 2008, beating the S&P 500 index by a wide margin. This success earned him recognition as one of the most successful investors in history.
In addition to his investment earnings, Burry has also earned income from his work as a writer and commentator on financial issues. He has been featured in numerous publications and news programs and has authored several research papers on investing and economics.
Burry’s assets include a home in California as well as various investments in stocks and other financial instruments. He has also invested in real estate and has been known to purchase farmland as a hedge against inflation.
Summary
Michael Burry is an American investor, hedge fund manager, and physician who gained fame for his prediction of the 2008 financial crisis. He started his career as a medical practitioner but later shifted his focus to finance. In 2000, he founded his hedge fund, Scion Capital, and generated significant returns.
Burry’s investment strategy focuses on buying undervalued stocks that are expected to perform well in the future. He is also known for his investments in the subprime mortgage market, which resulted in a significant profit for his hedge fund during the 2008 financial crisis.
Burry has been featured in the book and movie “The Big Short,” which tells the story of investors who profited from the housing market crash.
Michael Burry net worth is estimated to be around $300 million.
