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 emphasis value investing. Michael Burry net worth is estimated at USD 300 million.

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 net worth

Michael Burry’s Early Life & Education

Michael J. Burry was born on June 19, 1971, in California and grew up in San Jose. He graduated from the University of California, Los Angeles (UCLA) with a bachelor’s in biology before attending the Vanderbilt University School of Medicine, where he completed his medical degree.

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.

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 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 established his own hedge fund, Scion Capital, in November 2000, with the help of his family and funds from his own holdings. Soon after its founding, the business started making money for its investors.

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 to 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

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 nonverbally.

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.

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