Michael Burry Net Worth 2023, Education and Career.

Michael Burry is an American investor and manager of hedge funds. He is the founder and CEO of Scion Asset Management, a hedge fund that emphasizes value investing. In this article, we will discuss Michael Burry Net Worth.

Michael gained recognition in the financial world as one of the few investors who predicted and profited from the subprime mortgage crisis in 2008. He achieved this by taking a huge position in credit default swaps which enabled him to profit from the housing market crash.

michael burry net worth
  • Michael Burry is an American investor and hedge fund manager who gained recognition for predicting and profiting from the subprime mortgage crisis in 2008.
  • He founded Scion Asset Management in 2000, which generated a total return of 489.34% between November 2000 and June 2008.
  • Burry’s net worth is estimated at USD 300 million, and he is known for his analytical and meticulous approach to investing.

Michael Burry has a significant following online and routinely posts his opinions on money and investment on sites like Twitter and Reddit. He also actively participates in a number of online investing forums, where he shares his thoughts and opinions with other investors. 

Michael Burry’s Early Life & Education

Michael Burry was born in 1971 in San Jose, California. He attended Santa Teresa High School and later went on to graduate from Vanderbilt University School of Medicine with an M.D. degree in 1998. He worked at Stanford University Medical Center for some time until he left to pursue his passion for investing and founded Scion Asset Management in 2000.

Burry worked at Stanford University as a resident and later as a neurologist after completing his medical education. But because he had always been interested in finance and investment, he ultimately made the decision to dedicate his time to these interests.

Due in part to his training in medicine, Burry is renowned for his analytical and meticulous approach to investing. He has said that his background as a neurologist, where he learned to examine complex data and draw conclusions from that research, has been useful to his work as an investor.

It was during this period that he began investing his personal capital in the stock market. He then received an MBA from the UCLA Anderson School of Management in 2004, after which he founded Scion Asset Management.

Michael Burry’s Investment

After working as a doctor in the department of pathology and neurology at Stanford Hospital, Michael Burry decided to leave his medical career behind and become a full-time financial investor. He eventually founded his own hedge fund, Scion Asset Management, and became known as a successful value investor, frequently making profits by choosing the right stocks.

Burry is famous for his unusual approaches to investing and his aptitude for spotting and profiting from mispricings in the market. He has spoken as a guest speaker at investing conferences and has been profiled in several media outlets for his financial insights in addition to his position at Scion Asset Management. He has also made profitable bets in a number of other industries, such as technology, healthcare, and agriculture.

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Michael Burry net worth

Michael Burry founded Scion Capital, a hedge fund, in November 2000. With the assistance of his family and funds from his own holdings, the company generated profits for its investors shortly after its inception.

Scion Capital experienced an average return on investment of about 55% in 2001. Despite the fact that the market as a whole expanded by 28.69% in 2003, Burry was able to exceed the market, generating an annual return of 50%.

Through his hedge fund, Scion Capital, Michael Burry was overseeing 600 million USD at the end of 2004. Between November 2000 and June 2008, the company generated a total return of 489.34% because of his broad knowledge and skill in investing.

 Burry made a profit of $100 million, while his investors profited by investing in credit default swaps to the tune of $700 million.

Michael Burry decided to concentrate on his own investments in 2008 rather than temporarily closing down his business and liquidating all of his assets. During the recession of 2008 and 2009, his business would probably have gotten financial bailouts from the US government if he hadn’t taken this action. Later, Burry made the decision to restart his business under the new name Scion Asset Management.

Michael Burry Net Worth and Investment Portfolio 2023 

Michael Burry has continued to make a name for himself as one of the most successful investors in the world. He was one of the first to predict and profit from the subprime mortgage crisis that occurred during the 2008 financial crisis and he cashed out before any losses were incurred. Today, his net worth sits at an estimated $1 billion, with assets under management totaling up to $300 million.

Burry’s current portfolio consists of a mix of investments in stocks, bonds, options, and futures. He is known to invest in companies with strong fundamentals and long-term prospects, such as Amazon.com Inc., Alphabet Inc., and Apple Inc. He is also an active investor in areas such as healthcare, technology, education, and finance.

Throughout his career, Burry has remained focused on value investing and his investments have helped him build a diverse portfolio that continues to generate outstanding returns.

Michael Burry’s bet against overvalued tech stocks during the internet bubble’s peak resulted in significant profits for Scion Capital.”

Michael Burry is an investor with a remarkable track record of making lucrative investments in the stock market. After launching his hedge fund Scion Capital LLC in 2000, Burry became famous for achieving great profits through shorting overvalued tech stocks at the peak of the internet bubble.
In 2008, his bold move paid off when he correctly predicted the housing market crash and bet against subprime mortgages, ultimately making an estimated $300 million net worth.

Burry, an experienced investor, has invested in various markets including meme stocks, gold, and farmland, and has a track record of achieving good returns. There are rumors regarding his current investments that may impact Wall Street significantly.

What Kind of Investor Is Michael Burry?

Michael Burry is an obsessive, risk-taking investor who comes up with strategies that diverge from the herd mentality. He shorts the mortgage bond market in 2007, which leads to a sharp decline in prices. He considers himself a value investor and has been highly critical of government financial policy, especially that of the Federal Reserve.

Burry wrote an op-ed in The New York Times in 2010 called “I Saw The Crisis Coming.” In it, he detailed his suspicions about real estate Bubbles prior to the 2007 crash. Despite his warnings, many within the government ignored his advice and fell victim to the housing market meltdown.

Burry has also been a vocal critic of government financial policy, especially the Fed’s role in propping up the U.S. real estate bubble before it burst in 2007. His insights have appeared in print media, such as his 2010 New York Times op-ed called “I Saw The Crisis Coming: Why Didn’t The Fed?” which accused Washington of “willfully or ignorantly aiding and abetting” the infamously destructive burst of inflated housing prices caused by easy credit lending.

Burry clearly displays an ability to think beyond market trends with measured risk-taking tactics and vocal opposition to questionable financial strategies making him a unique mixture of savvy investor, activist, and economic prophet.

Michael Burry has invested 56% of his $47 million portfolio in three specific stocks.

he’s continued to invest through his fund Scion Asset Management, though it’s important to note that Burry is a very selective investor.

At the end of 2022, Scion only revealed nine stocks that comprised their portfolio. Surprisingly, more than half of their investments were concentrated in just three stocks – Apple Inc., Square Inc., and Amazon.com Inc. It’s an interesting strategy as Burry seems to be placing a lot of faith into these few holdings while still diversifying slightly with his other six stocks as well. It will be interesting to see whether or not Burry’s portfolio outperforms over time in comparison to those who choose to spread out their investments further.

Michael Burry

Currently, Michael Burry resides in Saratoga, California with his wife and family. He is also a father, and his son has been diagnosed with Asperger’s syndrome, a rare neurodevelopmental disorder that can impact a person’s ability to interact socially and communicate non-verbally.

Michael Burry believes that he himself may have Asperger’s syndrome, particularly after his son was diagnosed with the disorder. He has stated that as a child, it took a lot of effort for him to look people in the eyes, leading him to suspect that he may also have Asperger’s syndrome.

Michael Burry rose to fame for his successful wager against the housing market bubble in the middle of the 2000s, which he made by buying a sizable quantity of CDS on securities backed by subprime mortgages. This bet was featured in the book “The Big Short” and the subsequent movie adaptation.

Who Is Michael Burry?

Michael Burry is an American investor, hedge fund manager, and physician, who gained fame for his successful bet against the subprime mortgage market before the 2008 financial crisis.

What is Michael Burry’s Net Worth?

Michael Burry is a physician, investor, and hedge fund manager from the United States whose net worth is estimated at $300 million. Burry is recognized as the individual who established Scion Capital LLC. He accurately predicted the 2008 real estate market crash and made a significant amount of money through Scion.

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