Dr. Michael James Burry, professionally known as Michael Burry, is an American investor, hedge fund manager, and physician. Michael Burry net worth seems attractive due to his successful career through his Scion company. He also invested in gold, water, Facebook, and Alphabet Inc.
The 51 years old investor is also known for recognizing early the Subprime Mortgage Crisis in the United States and making a personal profit of around $100 million.
However, the investor earned publicity with his bet against CDOs during the housing boom. Likewise, it became the iconic trade in the history of the United States and led him to gain massive profit of over $600 million for his trusted clients.
Similarly, the physician obtained 3 million video game retailer GameStop shares and initiated short positions on Tesla. Moreover, he acquired more than 800,000 Tesla shares.
Recently, Burry also earned $31 million in shares of the ARKK ETF innovation index managed by an American investment management firm ARK Invest in 2021.
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Michael Burry: Quick Facts
|Dr. Michael James Burry
|Date of Birth
|19th June 1971
|San Jose, California, United States
|Santa Teresa High School, Vanderbilt University School of Medicine, Stanford University Hospital, and University of California
|5 feet 6 inches or 170 cm or 1.7 m
|75 kg or 165 lbs
|American physician, Investor, Hedge fund manager
|Social Media Presence
|Instagram, Facebook, Twitter
Michael Burry Net Worth and Income
The investor, Michael Burry net worth is $300 million. His significant sources of income are Burry’s investments in different ventures. Similarly, the investor had more than $600 million value of assets under management.
After graduating, Burry built his interest in investing in stocks while studying medicine. However, the physician had a degree in economics and found himself researching value investment strategies in his spare time.
Later in 2000, he decided on a career in finance rather than a career in medicine and dropped out of Stanford before completing his residency.
The American founded Scion Capital and was successful with his investments.
He became well-known as the founder of Scion Capital LLC, a private investment firm. The physician correctly estimated the 2008 real estate market crash, earning a fortune.
Likewise, the American star was represented by Christian Bale in the 2015 film The Big Short. However, the fund saw a 5.de5% return after introducing Scion Capital LLC in 2001, thanks to wise bets again tech stocks ahead of the internet bubble.
As we know, Michael Burry is a famous name in America and the world. However, he is a rich and mighty successful person. Burry has a significant and attractive net worth and owns many assets, including real estate properties.
The physician eventually has plenty of houses in America like one in Los Angeles, Beverly Hills, Ner Work, San Jose, Santa Monica, and many more.
|Michael Burry Cars
|Price (In USD)
|Rolls Royce Phantom
|Jaguar F Type
Michael worked on financial investing while off duty during his time at Stanford. Later, he became successful in value investing. However, the American investor did so well with his stock picks that he gained the attention of companies.
Some of them are White Mountains, Insurance Group, and Vanguard, as well as significant investors such as Joel Greenblatt. At that time, the investor said that his investment style was based on the 1934 books Security Analysis and all of his stock pickings were entirely rooted in the concept of margin of safety.
Hence, he founded his ledge fund named Scion Capital LLC in 2000. The company was funded by both inheritance and loans from his family.
Unfortunately, the physician was earning maximum profits from his investors. However, the investor earned up 55% while S&P 500 fell 11.8% in its first full year in 2001. Similarly, the S&P 500 fell again the following year while Michael rose again.
Again in 2003, he hit the market with his investments rising by 50%. Michael used a strategy of shorting overvalued tech stocks to achieve these returns. Then Burry managed around $600 million by the end of 2004.
In 2005, Michael Burry focused on the subprime market. However, the investor used his analysis of mortgage lending practices over the previous two years.
So he correctly predicted that the real estate bubble would collapse as early as 2007. At that time, the Scion founder researched residential real estate values and analyzed the subprime mortgage and bonds.
So, based on the estate would start losing value when far higher rates replaced the actual rates. Eventually, he listed the market by persuading Goldman Sachs and other prominent investment firms to sell him credit non-payment trade against subprime deals at risk.
At that time, many investors became nervous that Burry’s analysis would prove inaccurate. So, in that case, many of them withdrew their capital.
But his predictions were subsequently planned out, and Burry earned a personal profit of $100 million. However, a gain of over $700 million for his remaining investors.
Further, his investing company Scion had returns of 489.34% between 2000 and 2008.
Dr. Michael had paid off his credit non-payment trade sales and did not benefit from the 2008 and 2009 economic bailouts. Moreover, the investor then settles his company to focus on personal investments.
Michael Burry Tesla
Looking at his further investments, Burry reopened his hedge fund as Scion Asset Management in 2013, filing reports as an exempt reporting adviser.
Eventually, the investor turned his immediate attention to investing in gold, water, and farmland. However, his fund has also invested significantly in Facebook and Google parent company Alphabet Inc.
Dr. Michael began short positions on Telsa in 2020, estimating that the company would collapse as the housing bubble did. The American star also holds put options on more than 800,000 Tesla shares.
He also reportedly holds options on around $31 million of the firm ARK Investment management.
Michael Burry Twitter
Instagram: 5.430k followers
Facebook: 2.4k followers
Twitter: 159.2k followers
Interesting Facts about Michael Burry
- Michael has vision in only one eye.
- The investor is also a medical doctor.
- Even though he didn’t complete his medical internship and never practiced as a medical doctor but has maintained his license as a prestigious physician with the state of California.
- The physician disagreed with the lockdowns due to COVID-19 and said that no one had the right to force anyone into lockdown.
- Burry says that when he looks at people, he isn’t listening to them.
- Dr. James has a son with Asperger syndrome.
Frequently Asked Question about Michael Burry
How much did Michael Burry make in 2008?
According to the reports, Burry made $800 million from his bets during the 2008 financial crisis.
What kind of doctor was Michael Burry?
The investor, Dr. Michael Burry, MD, is a Family Medicine Specialist in Cupertino with over 25 years of experience in the medical field.
Does Michael Burry only have one eye?
Michael Burry has a glass eye in real life because he had a very rare form of life threatning cancer and had to have his left eye to be removed before age two.
What is Michael Burry net worth?
Michael Burry net worth of $300 million.