Michael Burry Net Worth 2022: Big Short’s Big Bank Balance?

Michael Burry is an American investor, physician, and hedge fund manager. Burry is the founder of Scion Capital LLC, which he ran and managed from 2000 to 2008.

This was the fund that Burry managed during the Great Financial Crisis of 2008. He ended up making billions in profits for his clients during the subprime mortgage crisis. He himself earned a fortune during the process which had a significant impact on Michael Burry’s net worth. Read on to know more about his early life, education, and his lifestyle. 

TLDR 

  • Michael Burry’s Net Worth & Salary
    • Michael Burry’s Main income
    • Michael Burry’s Other income
  • Michael Burry’s Personal Life, Stats & Facts
    • Michael Burry’s Rise to Fame
    • Michael Burry’s Early Life & Education
  • Michael Burry’s Net Worth in 2023?

Michael Burry’s Net Worth

As of 2022, Michael Burry’s net worth is estimated to be around $300 million USD. While the profits made by Burry during the collapse of the American housing market were massive, he has continued to invest in some high profit-generating stocks that have considerably increased his net worth. 

Michael Burry’s Main income

Burry has always been an investor at heart. Although he studied medicine, he started his hedge fund – Scion Capital LLC, in 2001. With Burry’s impressive investment strategy, the fund witnessed a 55% return in its first year.

Three years later, he had $600 million in AUM with Scion. Until 2008, Burry’s primary source of income was Scion Capital. He later liquidated the fund in 2008 to focus on his own investments. During this tenure, his fund – Scion Capital, recorded returns of 489.34% (net of fees and expenses). 

5 years later, Burry reopened his hedge fund. This time he named it Scion Asset Management. He filed reports as an exempt reporting adviser (ERA) active in the state of California and was approved by the SEC. His focus shifted to investing in water, gold, and farmland.

Michael is one of the most successful and established investors in America. He has managed to keep a high-return personal investment portfolio which has expanded his wealth massively, contributing to Burry’s net worth.

Michael Burry’s Other income

Michael Burry has been extremely fortunate with his hedge fund. He has even picked out some of the profitable stocks that have worked amazingly well for him. Thus, Michael does not really require another income source and lives a comfortable life through his hedge fund earnings and investment returns. 

Michael Burry’s Social Media Accounts

Michael is not active on various social media platforms. However, he does have a Twitter account. Burry would post under his wife’s name on Twitter. He is well-known for releasing strings of tweets on scary financial topics. He then erratically deletes his tweets and blocks his account for several days before reappearing.

Michael Burry’s Personal Life, Stats & Facts

Burry was born in San Jose, California. Unfortunately, at the age of two, Burry lost his left eye to retinoblastoma, after which he had to wear a prosthetic eye all his life. 

Later, Michael attended Santa Teresa High School. He also studied economics and pre-med at the University of California, Los Angeles. Burry also earned an M.D. from the Vanderbilt University School of Medicine. Then, he started his residency in pathology at Stanford University Medical Center but did not finish it. While he was off duty at night, he worked and learned more about financial investing. He left to start his own hedge fund.

Although Burry did not practice, he kept his license as a physician active with the Medical Board of California.

Talking about his personal life, Burry is married to Cassandra with children. The family currently lives in Saratoga, California. 

His son was diagnosed with Asperger syndrome. And after reading more about the disorder, Burry believes he himself has it. This is because, when he was younger, he had a hard time looking people in the eye. 

Coming to his choice of music, Burry loves heavy metal music and is a fan of bands like Obituary, Amon Amarth, Lamb of God, King Diamond, Slipknot, and Pantera.

Michael Burry’s Rise to Fame

Michael rose to fame after it was unveiled that he made a $1 billion bet against the subprime mortgage industry before the 2008 Great Recession. He was amongst the very first investors who predicted and made massive profits from the subprime mortgage crisis between 2007 and 2010.

Although it took years for Michael’s predictions to eventually pan out when they did, he was able to get a personal profit of $100 million and $700 million for his investors.

Even though Burry was quite famous, owing to his predictions, he became a household name after he appeared as a character in Michael Lewis’s book, “The Big Short: Inside the Doomsday Machine,” which later turned into a Hollywood Blockbuster. Actor Christian Bale played the part of Burry in the film “The Big Short,” which was released in 2015. The film was widely acclaimed and received five Academy Award nominations, and won for Best Adapted Screenplay.

Stats & Facts

  • Date of Birth: 19 June 1971 (51 years old)
  • Location: Saratoga, California
  • Height: 5 feet 6 inches (167.6)
  • Marital status: Married 

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Michael Burry’s Net Worth in 2023?

Given Michael’s investment strategy and knowledge, one can say that his net worth is only bound to increase with time. Burry also once stated, “All my stock picking is 100% based on the concept of a margin of safety”. 

As of now, Michael has been investing in gold, water, and farmland. Other than this, he has also made large investments in some of the leading companies like Facebook and Alphabet Inc.- the parent company of Google. In just a span of 5 years, Michael Burry’s net worth has increased by $100 million, which speaks for itself. And in the coming year, his net worth is said to soar even higher.

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