Michael Burry net worth, bio, portfolio, skills, and more

Michael Burry, who is highly skilled in analyzing financial matters, became well-known for being among the first investors to accurately predict and make money from the subprime mortgage crisis that took place from 2007 to 2010.

Full Name Michael James Burry
NicknameMichal Burry
Date of Birth June 19, 1971
Age52 years old
Born PlaceSan Jose, California, United States
NationalityAmerican
GenderMale
Height1.70 meter
Weight75kg
High School Santa Teresa
Graduate fromVanderbilt University School of Medicine
ProfessionInvestor, Doctor, and hedge fund manager
Net Worth$300 million
Marital StatusMarried 2 times but not revealed
Son Nicholas (From the second Wife)

Michael Burry ( who is he? )

Michael Burry

Michael Burry is an American investor and founder of the hedge fund Scion Capital in 2000. In college he studies in both economics and medicine, ultimately graduating from Vanderbilt University School of Medicine. He holds a medical license, although he is not actively practicing as a physician.

While he was attending medical school, Burry delved into stock investments and shared his insights and choices on the Silicone Investor website. His stock picks consistently proved successful, earning him a reputable standing among investors. Encouraged by his accomplishments, he took the leap to establish his own hedge fund, known as Scion Capital, in 2000. Over the years, Scion Capital consistently outperformed the S&P 500, achieving superior returns from 2001 to 2004 and amassing a total of $600 million in assets under management.

He became well-known among investors for being one of the few who accurately predicted the subprime mortgage crisis that occurred from 2007 to 2010. He made clever investments by betting against the 2007 mortgage bond market using collateralized debt obligations (CDOs), which resulted in him personally earning $100 million and generating $700 million in profits for his investors.

In 2008, he decided to close down his company, Scion Capital, in order to focus on his own investments. Then, in 2011, he started a new investment firm called Scion Asset Management, which is still active today and based in Saratoga, California, located in Silicon Valley.

Michael Burry Early Life and Education

Michael Burry was born on June 19, 1971, in San Jose, California, United States, and grew up there. When he was only two years old, he, unfortunately, lost his left eye to retinoblastoma, a form of eye cancer. As a result, he has been using a prosthetic eye ever since.

Other kids would often make fun of him because of his glass eye, calling him names and pressuring him to take it out. When he talked to people, his left eye wouldn’t line up with theirs, making it difficult to maintain eye contact and fully engage in conversations.

It is believed that he had Asperger’s syndrome, which made it hard for him to socialize and communicate effectively. As a result, he didn’t have many close friends.

During their teenage, he studied at Santa Teresa High School.

Michael Burry Career and Website

In 1993 Michael graduated from Vanderbilt University School of Medicine with an MD degree. Although he is Physician but also he is interested in finances.

In November 1996, He became a member of Silicon Investor, an influential website for evaluating high-tech company stocks. He actively participated on its message board, making a total of 3,304 posts until 2000. During off time he use to utilize his time in financial investment.

At first, people didn’t trust him because he was from a medical background, but then his online posts started getting attention and winning their confidence. Big investors like Joel Greenblatt and companies like Vanguard and White Mountains Insurance Group noticed him.

By 2000, he realized that people were actually making money by following his posts. At the same time, he started feeling uncomfortable being a doctor because of his physical limits and shyness. Also in 2000, his dad died because the doctors made a mistake, and they got a little bit of money as compensation. This money encouraged him to give up being a doctor and focus on investing wisely. His mom also gave him $20,000 from the compensation, and his three brothers each gave $10,000.

Michael Burry as an Investor Career

In November 2000, Michael Burry started a hedge fund called Scion Capital in San Jose. Soon after, he received a call from Joel Greenblatt’s Gotham Capital, who offered to buy 25% of his company’s shares for one million dollars after taxes. Burry happily accepted the offer.

Another company called White Mountain, owned by Jack Byrne, a close associate of Warren Buffet, also invested a significant amount in Burry’s company, strengthening his position.

Typically, hedge fund managers would take a 2% commission from the assets they manage. However, Burry decided to charge investors only for the actual expenses, which usually amounted to less than 1% of the assets. This meant that he would only get paid if he could make the investors’ money grow, which he successfully accomplished.

In 2001, when the stock market was at its peak during the internet bubble and well-known funds were suffering losses, Burry started betting against overvalued tech stocks, resulting in a 55% increase in Scion Capital’s value. The positive trend continued in 2002 with a 16% increase and in 2003 with a 50% increase.

By the end of 2004, Scion Capital was managing a fund worth 600 million dollars, which continued to grow even when the market declined in 2005. In October 2006, Gotham’s total investment in Scion-managed funds reached $100 million.

Currently, Michael Burry is an angel investor, the manager of a Hedge Fund, and a doctor.

Michael Burry Real State Bubble


In the year 2004, Michael Burry’s fascination with the bond market grew, leading him to immerse himself in the intricate world of borrowing and lending practices in the United States. With a particular focus on mortgage lending, Burry meticulously analyzed these practices, leading him to make a groundbreaking prediction that the real estate bubble would inevitably burst by 2007.

Taking a bold step in 2005, Burry decided to take advantage of the vulnerable subprime market by convincing prominent investment firms like Goldman Sachs to sell him credit default swaps. These swaps served as insurance against the potential failure of subprime deals. On May 19, he executed his first transaction, investing $60 million in credit-default swaps from Deutsche Bank. This amount was evenly distributed across six different bonds, with each bond accounting for $10 million.

By 2006, Gotham Capital and other investors expressed their desire to withdraw their investments. However, Burry had anticipated this situation and skillfully utilized a provision in his prospectus known as a “side pocket.” This provision enabled him to block withdrawals within a range of 50 to 55 percent of Greenblatt’s investment. Although facing initial challenges, Burry’s astute analysis ultimately proved to be correct.

On August 31, 2007, Burry seized the opportunity and lifted the side pocket restriction, allowing him to sell his credit default swaps. The housing market crisis had unfolded, turning these swaps into a highly profitable bet. Burry himself reaped a personal profit of $100 million, while his remaining investors collectively enjoyed over $700 million in profits.

In 2009, Burry made the decision to close down his company, redirecting his focus toward personal investments. However, in 2013, he made a significant comeback by establishing a new hedge fund called Scion Asset Management. This time, he diversified his investment portfolio, placing substantial emphasis on water, gold, and farmland.

By the years 2015 and 2016, the value of Burry’s fund holdings exceeded $100 million, and the growth trajectory continued as his fund accumulated numerous large-cap stocks. As of 2022, it is estimated that Michael Burry’s net worth stands at approximately $300 million USD.

Michael Burry’s net worth

As of April 2023, Michael Burry’s net worth stands at $300 million, a result of his successful investment ventures and predictions. Burry’s journey to wealth involved a transition from being a medical doctor to pursuing his passion for financial investing. His dedication and expertise drew the attention of investment firms and individual investors alike.

During his career, Burry made a personal profit of 100 million USD, while his investors reaped substantial returns of 700 million USD through their investment in credit default swaps.

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Michael Burry’s Personal Life

Michael Burry has been married twice in his life. His first wife, whose name is not known, was of Korean descent. They ended up getting divorced, possibly because they lived in different cities.

His second wife, whose name is also undisclosed, is of Vietnamese-American background. They met on Match.com and are currently still married. They have a son named Nicholas. His son’s diagnosis of Asperger syndrome prompted Burry to research the condition and led him to believe that he may also have it. He found it challenging to maintain eye contact and once remarked that looking at someone made it difficult for him to listen effectively.

What should we learn from Michael Burry’s success?

Michael Burry’s success as an investor offers several valuable lessons for aspiring investors and finance enthusiasts:

  1. Independent Thinking: Burry’s ability to think independently and challenge conventional wisdom allowed him to identify lucrative opportunities that others missed.
  2. In-Depth Research: Burry’s meticulous research and deep understanding of the markets were instrumental in his investment success. Thorough analysis is crucial for making informed investment decisions.
  3. Risk Assessment: Burry’s approach to risk assessment emphasized understanding the downside potential of investments. This focus on risk management helped him navigate through turbulent times.
  4. Courage to Act: Burry’s unwavering conviction in his investment thesis and his willingness to act on his beliefs, even in the face of skepticism, highlight the importance of courage and confidence in investing.

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Michael Burry Social media

  1. Michael Burry Twitter
  2. Michael Burry Facebook
  3. Michael Burry Instagram

FAQs

What is Michael Burry doing Now?

After closing down Scion Capital, Michael Burry shifted his focus to managing his personal investments. He has invested in various sectors, including water rights and renewable energy.

How many times did Michael marry?

Michael has been married twice. He divorced his first wife, who was of Korean descent, and later married a woman of Vietnamese-American background. Together, they had a son named Nicholas.

Why is Michael Burry Famous?

Michael Burry is famous for accurately predicting the 2008 financial crisis and profiting from it through his hedge fund. His story was featured in “The Big Short” book and film. He is known for his independent thinking and contrarian investment strategies.

Can I learn from Michael Burry’s investment approach?

Yes, you can learn from Michael Burry’s investment approach by emphasizing independent thinking, conducting thorough research, and having the courage to act on one’s convictions.

Who is Michael Burry?

Michael Burry is an angel investor, the manager of a Hedge Fund, and a doctor.

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