Michael Burry Net Worth

$300,000,000

Michael Burry is an American physician, investor, and hedge fund manager who has a net worth of $300 million. Burry became widely-known as the founder of Scion Capital LLC. Through Scion, he correctly predicted the 2008 real estate market crash, earning a fortune in the process.

Key facts:

Michael Burry made a $1 billion bet against the subprime mortgage industry ahead of the 2008 Great Recession, which ultimately earned him and his investors a profit of over $700 million.
He acquired 3 million shares of GameStop in March 202 and later reduced his position to 1.7 million shares. When GameStop's share price skyrocketed in January 2021, his shares would have been worth $816 million.
Burry founded his hedge fund called Scion Capital in 200 and immediately started earning enormous profits for his investors, with returns of 55% in his first year.
He correctly foresaw the collapse of the real estate bubble in 2007 and shorted the subprime market by persuading Goldman Sachs and other big investment firms to sell him credit default swaps. His predictions proved accurate, earning him a personal profit of $100 million.
After liquidating his company in 2008, Burry reopened his hedge fund as Scion Asset Management in 2013 and focused on investing in gold, water, and farm land. He also holds put options on Tesla and ARK Investment Management.

Basic Information About Michael Burry

Category	Business › Wall Street
Professions	Investor/Hedge Fund Manager
Net worth	$300,000,000
Date of birth	1971-06-19 (54 years old)
Place of birth	San Jose, California
Gender	Male
Social Media	↗︎ Wikipedia