Table: Michael Burry Net Worth
| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $300 million | N/A | June 19, 1971 | San Jose, California | Male | N/A | Investor, Hedge Fund Manager | American |
Michael Burry’s Net Worth: A Comprehensive Look at the Accomplished Investor
Michael Burry, an American physician, investor, and hedge fund manager, has a net worth of $300 million. Born on June 19, 1971, in San Jose, California, Burry gained widespread recognition as the founder of Scion Capital LLC. He is best known for correctly predicting the 2008 real estate market crash and earning a substantial fortune from it.
Highlights
– Michael Burry’s net worth is estimated at $300 million.
– He became widely known for founding Scion Capital LLC.
– Burry correctly predicted the 2008 real estate market crash.
– He earned a personal profit of $100 million from his investment in the subprime mortgage industry.
Early Life
Michael Burry was born on June 19, 1971, in San Jose, California. At the age of two, he lost his left eye to retinoblastoma and has since used an artificial eye. During his teenage years, he attended Santa Teresa High School. Later, he pursued a degree in economics and pre-med at the University of California, Los Angeles. Burry then obtained his M.D. from the Vanderbilt University School of Medicine, but did not complete a residency in neurology at Stanford University Medical Center. Although he no longer practices medicine, Burry has maintained an active license with the Medical Board of California.
Career
Michael Burry’s investment career took off while he was off duty during his time at Stanford. He excelled in value investing and gained attention from prominent companies and investors. In 2000, Burry founded his hedge fund, Scion Capital, using an inheritance and loans from his family. He achieved remarkable profits for his investors, outperforming the market consistently.
In 2005, Burry shifted his focus to the subprime mortgage industry. Based on his own analysis of mortgage lending practices, he predicted the collapse of the real estate bubble. Burry shorted the market by persuading major investment firms like Goldman Sachs to sell him credit default swaps against subprime deals. Despite facing challenges and investor backlash, his predictions eventually proved accurate, resulting in a personal profit of $100 million and over $700 million for his investors.
After liquidating his credit default swap shorts in 2008, Burry did not benefit from the subsequent economic bailouts. He then focused on personal investments and reopened his hedge fund as Scion Asset Management in 2013. His fund diversified its investments, including gold, water, farm land, and holdings in companies like Facebook and Alphabet Inc.
Personal Life
Michael Burry currently resides in Saratoga, California, with his wife and son. His son was diagnosed with Asperger syndrome, leading Burry to suspect that he might have it as well. Outside of his investments, Burry maintains an active interest in financial markets and continues to contribute to the industry.
Net Worth Over Time
Michael Burry’s net worth has experienced significant fluctuations throughout his career. Starting with his successful bets against tech stocks before the internet bubble, he amassed considerable wealth. His most notable achievement came from his prediction of the 2008 real estate market crash, which earned him a personal profit of $100 million and consolidated his reputation as a skilled investor. While his net worth stands at $300 million currently, it is important to note that net worth figures can change due to investment performance and other factors.
Components of Net Worth
Michael Burry’s net worth is primarily comprised of his investment profits and assets. His successful bets against the subprime mortgage industry and investments in various companies have contributed significantly to his wealth. It is important to note that net worth is not solely derived from income or salary but rather from a combination of investments, assets, and other financial considerations.
Disclaimer: All net worth estimates are calculated using publicly available information. Private tips and feedback, if any, are also taken into account. It is essential to acknowledge that these figures are approximate and can vary. Corrections and feedback are welcome to ensure the accuracy of the information provided.