Michael Burry is a well-known American value investor and hedge fund manager. His full name is Michael James Burry and known for his unconventional investing approach. Michael Burry is one of the few who predicted the subprime mortgage crises which lasted from 2007 to 2010. He is a wonder full personality and in this article, we will discuss everything about him including Michael Burry Net worth, his life and education, his career, his investing style, and many more.
1. Michael Burry’s Early Life & Career Highlights.
Michael Burry was born in June 1971 and raised in San Jose, California. He completed his high school education at ‘Santa Teresa High School’ and got his bachelor’s degree in economics from the University of California, Los Angeles, and also studied premed. After that, he earned a medical degree from Vanderbilt University School of Medicine in Tennessee.
Burry worked as a resident and later as a neurologist at Stanford University after completing his medical education.
At the age of 2, he lost his left eye due to a rare cancer disease called retinoblastoma and since then he is using a prosthetic eye. But he has a fighter spirit and never let his disability dominate his life.
Burry has a great interest in the field of investing and during his medical studies always used his spare time to focus on investing.
Burry began his finance carrier in 2000 and started the hedge fund Scion Capital. His hedge fund earned 55% of returns in the first year. From 2006 to 2007 he earned serious profits for his customers and himself by betting against the housing market and placed himself in the leading position of the investor world.
2. Burry’s Rise to Success | Michael Burry’s Investment.
In 2006 Burry observed that the Housing market was being driven by easy credit and an excess of subprime mortgages and came to the conclusion that a crash in real estate was coming. That’s why to earn profit from the impact he made several bets known as “credit swap default” which acted as insurance against the default of mortgage-backed securities.
When the housing market crashed in 2007 he liquidated most of his credit default swaps from 2007 to 2008 and his hedge fund earned huge profits a total return of 489.34%. His unconventional approach made $100 million for himself and for his investors, he was able to make a return to the tune of $700 million during that period. He also made profitable bets on other industries like Technology, agriculture, and health care.
Burry Shut down his Scion Capital hedge fund in 2008 to focus on personal investment and in 2013 started the Asset management company Scion Asset Management LLC. According to Stockzoa as of March 2022, his firm i.e. Scion Asset Management had $201 thousand in assets under management.
Presently he has made more attention to investing in water, gold, and farmland.
3. Burry’s Investment Philosophy.
Michael Burry is known for his unconventional approach and his investment philosophy is value investing. He always thinks out of the box and makes risky bets against the crowd but after doing massive research.
He spends countless hours researching companies, industries, and markets, to find investment opportunities others may have overlooked. He is known for taking huge positions in unpopular companies that he believes are undervalued.
His willingness to go against the crowd has helped him earn significant profits over the years and established him as a savvy and successful investor.
4. Michael Burry Net Worth.
Michael James Burry is the most prominent and successful name in the American investors’ world. He has a very good reputation in the American business market. His net worth is estimated at $ 300 Million in 2022.
Michael James Burry
Net Worth (in Dollars)
$3 Million +
Investor, Physician, Hedge Fund Manager
Date of Birth:
June 19, 1971
1.70m. (5' 6")
5. Rise in Michael Burry Net Worth In The Last 5 Years.
6. Michael Burry’s Investment Portfolio.
Scion Asset Management is a hedge fund with 4 clients run by Dr. Michael J. Burry. Scion Asset Management has discretionary assets under management (AUM) of $291,659,289 (Form ADV from 2022-04-18). Scion Asset Management’s largest holding is GEO Group, Inc. with shares held of 2.02 Million.
7. Michael Burry’s Assets.
Home – Michael Burry is a well-known name in the investor’s world and a successful investor. His net worth is estimated at around $ 300 million owns a lot of assets which also include real estate properties. He owns multiple residential properties in America, like Los Angeles, Beverly Hills, New York, San Jose, Santa Monica, and many more.
Car collection – Michael Burry has a decent collection of luxurious cars. He owns Rolls Royce Phantom, Bentley Continental, Jaguar F type, Maserati Levante, and a few more.
8. Michael Burry’s Famous Predictions.
Michael Burry has got an education in the medical field but devoted his life to making a career in the field of Investing. In 2015 he was portrayed in the film i.e. Big Short which was based on the subprime mortgage crisis.
He owns a different investing mindset among the crowd and with the help of that he predicted correctly that the “real estate bubble would collapse as early as 2007”. This prediction earned him and his investors in a hedge fund millions of dollars.
Michael Burry has a Twitter account and delivers his opinion on the crypto market through twites. His recent famous 4 predictions are listed below:
- “There will be a mother of all crashes”. In 2021 Burry predicted a crash in the stock market and crypto market and the crypto market did crash and wipe out almost 2 Trillion of market capitalization.
- “BitCoin and stocks will crash in 2022”. Interest rate & inflation hike has Shrunk the stock market as well as the Crypto market. Presently the crypto market is in a bear phase. Burry has predicted that the bear market will continue until the end of 2022.
- ” Gold may Rise due to Crypto Scandle and FTX collapse”. Burry predicted that these scandals would make the crypto unappealing to investors and push them to buy gold.
- ” U.S. economy suffers a recession in 2023″. Recently Michael Burry twitted that “Inflation peaked. But it is not the last peak of this cycle”. He is expecting a recession and inflation hike in 2023.
9. Michael Burry’s Personal Life.
Michael Burry is married and his wife’s name is Cassandra. Together both have three kids. One of the kids has been diagnosed with Asperger syndrome ( a condition that affects a person’s social abilities). He believes that he himself has Asperger syndrome.
Michael James Burry is the biggest name in the American Investment World. He is well known for his unconventional approach. His investment philosophy is based on value investing and spending countless hours on research. He owns an out-of-the-box mindset and can take bets on those businesses that are unpopular to the rest of the World. Through his uncommon investment strategies, he earned profits of millions for himself and his investors. Michael Burry Networth is estimated at $ 300 million and his hedge funds i.e. Scion Asset Management have provided 334.91% (10 years performance) high returns to him and his clients.
What is The Net Worth of Michael Burry?
The net worth of Michael James Burry is estimated at $300 Million in 2022.
What Is ‘The Big Short’?
The Big Short is a Hollywood movie released on the year of 2015. It is based on the author Michael Lewis’s best-selling book. This movie was co-written and directed by Adam McKay and portrayed the lives of several American financial professionals, including Michael Burry, who predicted the housing Bubble in 2007 and earned huge profits by predicting it earlier.
How Much Does Michael Burry Make?
Michael Burry’s annual income is over $25 million per year.
Does Michael Burry Have Kids?
Yes, Michael Burry has Three Kids.
How Much Did Michael Burry Make From The Crash?
When the housing market crashed in 2007 his hedge fund, earned huge profits a total return of 489.34%. He earned $100 million for himself and he was able to make a return to the tune of $700 million for his investors during that period.
How Old is Michael Burry?
Michael Burry was born on June 19, 1971, in California and is 51 years old.
What is Michael Burry Doing Now?
Michael James Burry is running a private Asset Management company named Scion Asset Management and has $201 thousand in assets under management.
What Stocks is Michael Burry Buying?
Michael Burry is running Scion Asset Management company and it holds shares of GEO Group Inc (US: GEO), Qurate Retail Group Inc. (US: QRTEA), Corecivic Inc (US: CXW), Aerojet Rocketdyne Holdings Inc (US: AJRD), and Liberty Broadband Corp (US: LBRDA).
What Companies Does Michael Burry Own?
Michael burry owns one asset management company founded in 2013 named and this company holds stocks of GEO Group Inc, Qurate Retail Group Inc. Corecivic Inc, Aerojet Rocketdyne Holdings Inc, and Liberty Broadband Corp.
Is Michael Burry Investing In Water?
Michael Burry is known for his unconventional approach to picking stocks. Yes, he is investing in the water stocks. Our western world going into a water crisis. According to the World Resources Institute, it is estimated that By 2025 66% of the world will live in water-stressed areas. That’s why Burry took interest in water and has exposure to water-related stocks like
- AWK (American Water Works),
- WTRG Essential Utilities,
- XYL (Xylem).
- Does Michael Burry Have a Fund?
Michael Burry Currently owns one hedge fund under his Scion Asset Management company.
What Price Did Michael Burry Buy Geo?
As per Q3 2022 report Michael Burry’s hedge fund has increased its holding of Geo Groups Inc. shares and currently holds 2.02 Million shares. The average buy price for the said period is $7.20 and the total holding value is $21.7 Million.
Is Michael Burry A Long-Term Investor?
Yes, Michael Burry is known for his unconventional approach to stock picking and his strategy is value investing. He is running a hedge fund and hedge funds work on long-term investing.
How Much Did Michael Burry Make On Swaps?
Michael Burry Make $100 million for himself and for his investors he was able to make a return to the tune of $700 million on swaps.
What Are Scion Capital and Scion Asset Management?
Both Scion Capital and Scion Asset Management are hedge funds founded by Michael Burry. Scion Capital was founded in 2000 and closed in 2008. Currently Burry owns only one hedge fund i.e.Scion Asset Management was founded in 2016 and has provided 334.91% (10 years performance) returns.