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Michael Burry Net Worth 2022: How The Personality Is Spending His Money!


U.S.-born Michael James Burry invests and manages hedge funds and practices medicine. From 2000 until 2008, he was the manager of the hedge fund Scion Capital, which he eventually shut down in favor of his own portfolio of investments. Among the first investors to anticipate and profit from the subprime mortgage crisis that unfolded between 2007 and 2010, he is widely regarded as a financial genius.

Michael Burry’s Net Worth

Net Worth: $300 Million
Date of Birth: Jun 19, 1971 (51 years old)
Place of Birth: San Jose, California
Gender: Male
Profession: Investor/Hedge Fund Manager

Michael Burry is a $300 million American doctor, investor, and hedge fund manager. Burry established Scion Capital LLC and became a household name for his work there. The real estate market crash of 2008 was predicted by him through Scion, and he made a fortune as a result.

In the movie “The Big Short,” released in 2015, Christian Bale played Burry. The fund, Scion Capital LLC, saw a 55% return after its 2001 inception, thanks to prudent wagers against technology stocks before the dot-com bubble burst. Managing over $600 million in assets by 2004.

Early Life and Education

michael burry net worth

He entered the world on June 19, 1971, in San Jose, California as Michael Burry. A retinoblastoma tumor caused the loss of his left eye when he was two years old, and he has worn a prosthetic eye ever since. Burry attended Santa Teresa High School during his high school years. He eventually went on to pursue a double major in economics and pre-medicine at the University of California, Los Angeles.

Soon after, Burry graduated with his M.D. from Vanderbilt’s medical school and started his residency in neurology at Stanford University Medical Center, where he ultimately did not finish. Burry has kept his license active with the California Medical Board even though he is no longer actively practicing medicine.

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While not in class, Burry worked on his investment skills at Stanford, where he found particular success in value investing. His stock picks were so successful that major institutions like White Mountains Insurance Group and Vanguard, as well as influential investors like Joel Greenblatt, took notice. According to Burry, the concept of “margin of safety” is the foundation of his stock selection process, which is based on the book “Security Analysis” from 1934.

Using money from an inheritance and family loans, Burry opened his own hedge fund, Scion Capital, in the late aughts. Instantaneously, he was able to turn a massive profit for his backers. While the S&P 500 dropped 11.88% in 2001, it reportedly gained 55%. Although Burry was again in the black, the S&P 500 continued its downward trend.

His investments gained 50% in 2003, outperforming the market once again. Burry used a strategy of shorting overvalued tech stocks to generate these returns. He was handling about $600 million by the end of 2004.

Personal Life

michael burry net worth

Burry has a family and resides in Saratoga, California at the moment. In light of his son’s diagnosis with Asperger syndrome, Burry has come to suspect that he, too, suffers from the condition.

His inability to maintain eye contact with others led him to declare, “If I am looking at you, that’s the one time I know I won’t be listening to you,” when he was younger. He had a lot to say about the COVID-19 confinement policies. Heavy metal music, particularly that of bands like Obituary, Lamb of God, Amon Amarth, Slipknot, King Diamond, and Pantera, is a favorite of Burry’s.

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Burry’s predictions were correct, and he ended up making $100 million for himself and more than $700 million for his remaining investors. From its inception on November 1, 2000, until the end of the reporting period in June 2008, Scion Capital earned a total return of 489.34% (net of fees and expenses).

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