Michael Burry’s Net Worth 2022: Age, Bio, Wife, Kids, Investment
What is Michael Burry‘s net worth?
|Net Worth in 2023||$300 Million|
|Real Name||Michael James Burr|
|Birthday||19 June 1971|
|Age||50 years old (as of 2023)|
|Birth Place||San Jose, California, United States|
|Height/How tall?||170 cm|
|Occupation||Physician, Investor, Hedge Fund manager|
|Info Updated||June 2023|
Who is Michael Burry? Biography, Career, Net Worth
Michael Burry is 50 years old American hedge fund manager, investor, and physician. He is best known for being the founder of the hedge fund Scion Capital, which ran from 2000 to 2008.
As of February 2023, Michael Burry’s net worth is $300 million.
Burry is also known for recognizing early the Subprime Mortgage Crisis in the United States and making a profit of approximately $100 million out of it.
In 2007, he rose to fame with his bet against CDOs during the housing boom. It became the iconic trade in the history of the United States and led him to gain massive profit of over $600 million for his trusted clients.
In addition, Burry also made investments in gold, water, Facebook, and Alphabet Inc.
In 2020, Michael acquired 3 million shares of video game retailer GameStop and initiated short positions on Tesla.
With Tesla, he reportedly holds put on more than 800,000 Tesla shares.
Recently, Michael Burry also held puts on $31 million shares of the ARKK ETF innovation index managed by an American investment management firm ARK Invest in 2021.
What sort of worth does this popular Physician make?
So, let’s dive deep to find out Michael Burry‘s net worth and how much this celebrity made his fortune.
Do you know how old and tall is he?
If you don’t know then you can go through this article about Michael Burry‘s height, net worth 2023, age, income, family, and many more.
Michael Burry’s Age & Birthday
Michael was born on 19th June 1971 in San Jose, California, named Michael James Burry. According to his date of birth, Michael Burry is 50 years old.
At 2, Burry lost his left eye to retinoblastoma and has had an artificial eye ever since.
Among his interests, he likes Heavy Metal music and is a fan of bands including Amon Amarth, King Diamond, Pantera, Obituary, and Lamb of God.
Michael attended Santa Teresa High School and later joined the University of California, Los Angeles, to study economics and pre-med.
He earned his M.D. from the Vanderbilt University School of Medicine. Burry also started his residency in pathology at Stanford University Medical Center but did not finish.
However, Michael has kept his license as a physician active with the Medical Board of California.
Michael Burry’s Net Worth
As of 2023, Michael Burry has an estimated net worth of $300 million. He has accumulated most of his wealth through his iconic investments.
His bet against CDOs alone earned him a profit of $100 million. Moreover, he recently built a massive position in GameStop by selling some of his $3 million shares in late 2020 before it became a meme stock on Reddit and skyrocketed.
Burry’s 1.7 million shares are now worth $816 million, for which he paid an average of $4.
How Does Michael Burr’s Net Worth reach $300 Million in 2023?
Michael Burry started his career in financial investment during his time at Stanford.
As an investor, he became famous for his value investing and attracted companies like Vanguard and White Mountains Insurance Group.
His investment style was wholly-based on David Dodd and Benjamin Graham’s book Security Analysis (1934).
In 2000, Michael started his hedge fund, Scion Capital. In his first year, the Scion got raised to 55%. By the end of 2004, he made $600 million for his investors.
Eventually, Burry’s research on mortgage lending analysis helped him predict the real estate bubble in early 2007. Burry personally earned $100 million as a profit.
By April 2008, he liquidated his company to work and focus on his investments. In 2013, Michael re-opened his hedge fund company, Scion Asset Management.
Burry’s Investment in Gold, Water and farmland
Through his company, Burry made investments in gold, water, and farmland. He also invested $121 million in Google’s parent company Alphabet Inc. and $24.4 million in Facebook.
In early 2020, Burry acquired 3.4 million shares of a video game retailer GameStop. He later reduced his position to 1.7 million shares which he sold out in the fourth quarter.
The price of the shares skyrocketed with the efforts of Reddit users in January 2021, costing $480 a share. According to the calculation, Michael’s shares are worth $816 million.
However, it could be worth $1.5 billion for Michael if he held onto his maximum hold of 3.4 million shares in GameStop.
In 2020, Michael initiated his short position on Tesla and held puts on $800,000 shares. After the 100% rise in Tesla stock value in October 2021, he confirmed no more shorting it.
At the same time, Burry also holds puts on $31 million Ark Invest shares.
Michael Burry’s Wife & Kids
Michael is a married man. He has a son.
The family resides in Saratoga, California. His son got diagnosed with Asperger syndrome.
In childhood, he also suffered from the same disorder. He felt significant difficulties in social interaction and nonverbal communication.
During the COVID-19 pandemic lockdowns, he faced a highly critical situation.
Michael Burry is a California-based most-followed hedge fund manager. He is well known for his iconic bet against CDOs during the Subprime Mortgage Crisis in the United States.
He made a personal fortune of approximately $100 million through his bet and presently has a net worth of $300 million as of February 2023.
Moreover, Burry founded Scion Asset Management in 2013.
He gave up his medical career to focus on financial investments. Presently, Burry holds a short position in Tesla and puts on over $800,000 Tesla shares.
Source of Information
Michael Burry‘s real name or birth name is Michael James Burr and he was born in San Jose, California, United States, on 19 June 1971.
According to his birthdate, 19 June 1971, Michael Burry‘s age is 50 years as of 2022.
Michael Burry‘s height is 5′ 6″ or 170 cm.
Michael Burry is an American physician, investor, and hedge fund manager who has a net worth of $300 million as of 2022.
Yes, Michael Burry is a married man and has one kid from his wife.