An American physician, investor, and hedge fund manager Michael James Burry, in short, Michael Burry’s net worth is a whopping $300 million.
Dr. Burry gained prominence after founding a private investment firm Scion Capital LLC.
Interestingly, he correctly predicted the real estate market crash in 2008 through the company earning a fortune in the process.
Similarly, he was the first investor to profit from the subprime mortgage crisis that occurred between 2007 and 2010.
After the launch of his investment firm, the fund saw 55% returns, all thanks to the investments against tech stocks ahead of the dot com bubble.
If you think that the story seems familiar, then you’re right.
You perhaps know the story from the 2015 film The Big Short, in which Burry was portrayed by Hollywood superstar Christian Bale.
Michael Burry | Quick Facts
Michael Burry’s net worth as of December 2023 is a whopping $300 million. Let’s check out some facts about the savvy investor.
| Name | Michael James Burry |
| Birthplace | Michael Burry |
| Birthdate | June 19, 1971 |
| Age | 52 Years Old |
| Nationality | American |
| Ethnicity | Mixed |
| School | Santa Teresa High School |
| College | University of California, Vanderbilt University School of Medicine, Stanford University Medical Center |
| Profession | Investor, Philanthropist, Physician, Hedge Fund Manager |
| Investment Firm | Scion Capital LLC |
| Nickname | Michael |
| Height | 5 feet and 6 inches/170 cm/1.70 m |
| Weight | 75 kg/165 lbs. |
| Hair Color | Black |
| Eye Color | Dark Brown |
| Zodiac Sign | Gemini |
| Net worth | $300 Million |
| Sexual Orientation | Straight |
| Marital status | Married |
| Spouse | Not Known |
| Children | Not Known |
| Last Update | December 2023 |
Michael Burry | Net Worth & Investments
Net Worth
An American hedge fund manager, investor, and economist Michael Burry’s net worth as of December 2023 is a whopping $300 million.
Burry became well-known after it was revealed that he made more than a $1 billion bet against the subprime mortgage industry just ahead of the market crash.
Since he knew the market was going into recession, he made quite an unusual move to his and his investor’s benefit.
He went to global investment bank Goldman Sachs and persuaded it to sell him credit default swaps that bet against subprime deals.
Even though the bet was a loser for a long time and his firm had to make regular payments to cover his swaps, Burry’s predication later became fruitful, earning his investors $700 million.
The bet earned him a whopping $100 million personally.
Moreover, in March 2020, Michael revealed that he had purchased 3 million shares of video game retailer GameStop.
He cleverly reduced his shareholdings to 1.7 million over the next six months.
The share price of GameStop peaked at $480 per share on January 28, 2021.
At that point, Burry’s 1.7 million stakes would have been worth $816 million, for which he likely paid an average of $4 per share in 2020.
Investments
Burry founded the private investment firm Scion Capital in late 2000, which was funded by both loans from his family and inheritance.
With his clever mind, he was earning astonishing profits for his investors.
In the first year, his firm Scion was up 55% while S&P 500 fell 11.88%.
He beat the market in 2003 again, with his investments rising by 50%.
To benefit himself and his investors, Burry used a strategy of shorting overvalued tech stocks at the peak of the dot-com bubble.
And just like that, by the end of 2004, he and his company was managing more than $600 million.
While everything was going astoundingly well, he liquidated his company to focus on personal investments.
However, in 2013 he reopened his hedge fund as Scion Asset Management.
He subsequently turned his major attention to investing in water, farmland, and gold.
Burry’s funds have made investments in Alphabet Inc. and Facebook.
In the late 2020, he predicted that Tesla would collapse as the housing market did.
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Net Worth of Michael Burry in Different Currencies
Let’s look into Michael Burry’s net worth in different currencies, including BitCoin.
| Currency | Net Worth |
| Euro | € 293.45 Million |
| Pound Sterling | £ 247.49 Million |
| Australian Dollar | A$ 430.943 Million |
| Canadian Dollar | C$ 385.65 Million |
| Indian Rupee | ₹ 23,772,975,000 |
| BitCoin | ฿ 13,095.74 |
Michael Burry | Lifestyle
Michael Burry leads a lavish life with a net worth of $300 million.
He lives with his wife and children in Saratoga, California.
The man has revealed little to nothing about his personal lifestyle to the media.
He tends to stay away from the limelight and especially does not like to take out his family life in the public.
He is a big fan of music, heavy metal in particular.
Some of the bands he listens to include Pantera, Lamb of God, Slipknot, King Diamond, Amon Amorth, and Obituary.
His antisocial personality entirely justifies his music taste.
Moreover, Burry has a son who was diagnosed with Asperger syndrome, and after reading about the disorder, he believes he himself has it.
Since he is always on the run, Burry was highly critical of the COVID-19 lockdowns.
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Michael Burry | The Big Short
Michael Burry was one of the subjects of the 2010 nonfiction book The Big Short: Inside the Doomsday Machine by Michael Lewis.
The book covered the people who profited from the housing market crash.
In 2015, the book was adapted into the film The Big Short, which was directed by Adam McKay.
It starred famous Hollywood stars such as Brad Pitt, Ryan Gosling, Steve Carell, and Christian Bale.
Bale’s portrayal of Michael Burry received a Best Supporting Actor nomination at 88th Academy Award.
The film was a massive success grossing more than $133 million at the global box office. It also received five Academy Award nominations and won Best Adapted Screenplay.
Michael Burry | Career
Michael Burry was born in San Jose, California, on 19th June 1971.
Burry lost his left eye to retinoblastoma when he was just two years old.
He has had an artificial eye ever since.
Burry attended Santa Teresa High School and later enrolled at the University of California, where he studied premed and economics.
He later obtained his MD from the Vanderbilt University School of Medicine.
Moreover, he enrolled at Stanford University Medical Center to study neurology but dropped out.
Interestingly, he has kept his license active with the Medical Board of California even though he does not practice.
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Unknown Facts About Michael Burry
- Michael used to consider investing as a hobby.
- Burry blames the government for what happened during the mortgage crisis.
- He says that when he looks at people, he isn’t actually listening to them.
FAQs
What did Michael Burry say about Tesla?
Burry warned that Tesla’s opponent would catch up with the electric-vehicle maker.
What does Michael Burry do now?
Michael initiated his position in Meta Platforms during the first quarter of 2022 with 80,000 shares valued at $17.78 million.
What is Michael Burry shorting?
Michael Burry is shorting Apple (AAPL).
Does Michael Burry only trade water?
Michael currently focuses on only one commodity for investing, and that is water.
This is perplexing because there is no open market for water like oil, gold, and silver. But the savvy investor might have something in his mind.
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