Michael Burry, renowned for his investment strategies and impressive financial gains, has fascinated many within and beyond Wall Street. His net worth, calculated primarily from his astute investments, tells a story of dedication, risk, and significant reward.
Today, Burry remains a central figure in the financial world, thanks to his history of accurately predicting market downturns, his legendary involvement in the subprime mortgage crisis, and his strategic insights.
In this article, we, Ando Money, aim to explore Michael Burry net worth, examining the growth of his wealth, his primary revenue streams, and his celebrated successes along the way.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Michael James Burry |
| Popular Name | Michael Burry |
| Gender | Male |
| Birth Date | June 19, 1971 |
| Age | 53 |
| Parents | N/A |
| Siblings | N/A |
| Birthplace | San Jose, California, United States |
| Nationality | American |
| Ethnicity | Rusyn |
| Education | University of California, Los Angeles (BA); Vanderbilt University (MD) |
| Marital Status | Married |
| Spouse | N/A |
| Children | Yes, including one diagnosed with Asperger syndrome |
| Dating | N/A |
| Net Worth | $300 million (2024) |
| Source of Wealth | Hedge Fund Management |
| Height | N/A |
What is the Net Worth of Michael Burry in 2024?
Michael Burry’s net worth as of 2024 is approximately $300 million, placing him among the most influential figures on Wall Street. This impressive figure stems from his groundbreaking predictions in the financial markets and his pivotal role in managing hedge funds.
Despite some missed opportunities, such as his early sale of GameStop shares, Burry’s overall financial trajectory has consistently demonstrated growth and success.
When compared to other notable figures in the industry, his wealth underscores his deep expertise and strategic prowess in hedge fund management. For readers curious about how other financial leaders compare in wealth, some of his closest industry peers include:
- John Paulson
- Steve Eisman
- Bill Ackman
- Carl Icahn
- David Einhorn
- Warren Buffett
- Jim Chanos
- Peter Thiel
- Ray Dalio
- Ken Griffin
For more insights into the top figures in finance, explore the list of the most influential Wall Street leaders, which includes comparisons of their financial impact.
Michael Burry Salary and Finance Overview
Early Life and Education
Michael Burry was born on June 19, 1971, in San Jose, California. From an early age, he faced unique challenges, including losing his left eye to retinoblastoma as a toddler. Burry pursued his education with a focus on medicine, earning an M.D. from Vanderbilt University.
However, his true calling in finance emerged when he began investing part-time while working at Stanford Medical Center.
Foundation of Investment Career
Burry’s financial expertise initially gained attention through his contributions to Silicon Investor message boards, where he shared insights on value investing. His approach, based on principles from the book Security Analysis, caught the eye of influential investors.
This led him to launch his own hedge fund, Scion Capital, in 2000. From the start, Burry’s emphasis on margin of safety and undervalued stocks set the foundation for his lasting success.
Creation of Scion Capital
Scion Capital became a powerhouse of profitability in its early years. Under Burry’s management, the fund saw extraordinary growth, notably achieving a 55% return in 2001 despite broader market downturns.
His keen sense for identifying overvalued tech stocks and leveraging short positions helped Scion Capital stand out in a crowded industry. By 2004, the fund had amassed over $600 million in assets under management, reflecting Burry’s ability to generate substantial returns for his investors.
Prediction and Profits from the Subprime Mortgage Crisis
One of Burry’s most celebrated achievements came in 2005 when he began betting against the subprime mortgage industry. This decision, which initially raised concerns among his investors, eventually paid off handsomely.
When the real estate market collapsed, Scion Capital made over $700 million for investors and netted Burry $100 million personally. His early analysis and persistence during the housing bubble transformed his reputation and cemented his status as a visionary in the financial sector.
Further Ventures and Scion Asset Management
After closing Scion Capital in 2008, Burry launched Scion Asset Management in 2013. This new venture allowed him to diversify his investments across gold, water resources, and farmland.
Burry’s portfolio choices showcased his continued commitment to high-stakes investments, with recent holdings in companies such as Alibaba and Oracle as of 2023. His diversification strategy reflects his long-term vision, focusing on assets that he considers essential and resilient against market fluctuations.
Notable Investments and Market Predictions
Burry’s portfolio has consistently featured bold investments. In 2020, he took a notable short position against Tesla, a move inspired by his skepticism about its high market valuation. While his stance attracted controversy, it demonstrated his readiness to take calculated risks.
Similarly, his acquisition of GameStop shares in 2020 positioned him at the heart of one of the most talked-about stock surges in recent history. Although he sold his shares before the peak, Burry’s early involvement with GameStop highlighted his ability to identify opportunities in undervalued stocks.
Cultural Impact and Media Presence
Michael Burry’s insights and achievements have made him a popular figure in financial media. His role in predicting the subprime mortgage crisis led to his depiction by Christian Bale in the 2015 film The Big Short, which brought his story to a wider audience.
This portrayal helped Burry become a prominent name in popular culture, celebrated for his contrarian views and willingness to take bold financial stances. The film adaptation won awards, further solidifying his place in financial history.
FAQs About Michael Burry
How did he predict the financial crisis?
Through careful analysis of mortgage lending practices, he anticipated the subprime mortgage market’s collapse, foreseeing its repercussions on the broader economy.
What is his investment philosophy?
His approach is grounded in value investing, focusing on assets with a strong margin of safety, often inspired by the classic text Security Analysis.
Does he still manage Scion Asset Management?
Yes, as of 2024, he continues to lead Scion Asset Management, which holds a diversified portfolio including assets in technology and essential resources.
What other ventures has he pursued outside finance?
He has diversified his investments to include gold, water, and farmland, assets he believes to be crucial resources with long-term value.
Who portrayed him in The Big Short?
Christian Bale portrayed him in the acclaimed film, which explored Burry’s role in predicting the housing market collapse.
Conclusion
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