Michael Burry’s net worth has been a topic of interest, reflecting his successful ventures and insights within the financial markets.
Michael Burry, a renowned investor and hedge fund manager, has made a significant mark in the financial world due to his astute investment strategies and foresight.
Who Is Michael Burry?
Michael Burry is a famous American investor and hedge fund manager.
Courtesy:CNN
He is known for his value investing approach and his ability to predict and profit from the subprime mortgage crisis that occurred between 2007 and 2010.
He founded the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing it to focus on his personal investments.
Michael Burry is also known for his bearish bets against the stock market.
In 2023, he bet more than $1.6 billion on a market downturn by buying put options against funds that track the S&P 500 and Nasdaq 100.
He used more than 90% of his portfolio to bet on a market crash, according to Security Exchange Commission filings.
Michael Burry Career
Courtesy:Market Insider
Michael Burry is a famous American investor and hedge fund manager who made a fortune by predicting the subprime mortgage crisis of 2007-2010.
He started his career as a physician, but soon developed a passion for investing.
He founded his own hedge fund, Scion Capital, in 2000 and ran it until 2008.
During this time, he used his analytical skills and research abilities to identify the flaws and risks in the mortgage bond market.
He bet against the market by buying credit default swaps on subprime mortgage-backed securities.
This strategy paid off when the housing bubble burst and the market collapsed.
He earned $100 million for himself and $700 million for his investors.
After closing Scion Capital, he focused on his personal investments and later launched another hedge fund, Scion Asset Management, in 2011.
He is still active in the financial world and often shares his views on various topics.
He was portrayed by Christian Bale in the movie The Big Short, which was based on a book by Michael Lewis.
Michael Burry Net Worth
Courtesy:The Coin Republic
According to Celebrity Net Worth, Michael Burry’s net worth is estimated to be between $250 million and $1.2 billion as of 2023.
A large portion of his wealth came from his successful prediction of the 2008 subprime mortgage crisis, which earned him $700 million for his investors and $100 million for himself.
He also made a significant profit by betting against Tesla stock in 2020.
Besides his investment career, Michael Burry has a medical degree from Vanderbilt University and a license as a physician in California.
He is also the founder of Scion Capital LLC, which he ran from 2000 to 2008 before closing it to focus on his personal investments.
He is widely regarded as one of the most brilliant and unconventional investors of his generation.
Michael Burry Wife
Michael Burry has been married twice in his life, but he has not revealed the names of his wives to the public.
His first wife was of Korean descent, and his second wife was Vietnamese-American.
He met his second wife through a dating website.
They have a son named Nicholas, who was diagnosed with Asperger’s syndrome, a condition that Michael also shares.
Michael’s wife and her family escaped from Vietnam during the war in 1975.
Michael has shown interest in Vietnamese culture and history, and has read books about the war and its aftermath.
He has also issued warnings in Vietnamese to the people of Vietnam about the dangers of inflation and speculation.
Michael and his wife have faced many challenges in their personal and professional lives, but they have also achieved remarkable success in their fields.
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