Last Updated on April 17, 2024 by Ben
Dr. Michael Burry is a well-known businessman and doctor who made much money by beating the market when others couldn’t. He is known for not being afraid to go against what other investors do, which led to a string of successes as the head of the hedge fund Scion Capital, which is no longer in business.
He became famous for short selling because of how well it worked for him during bad times. Christian Bale played him in the 2015 movie The Big Short, based on his life. He also has a license to practice medicine.
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We looked into his past investments and stated assets and debts to determine how much Michael Burry is worth.
What is Michael Burry Net Worth?
Dr. Michael Burry is thought to have a net worth of around $300 million. The fact that Michael Burry’s investing past is listed in SEC filings and that reliable publications like Yahoo Finance have reported his net worth to be $300 million makes it very likely that this number is correct. Since Mr.
Burry’s exclusive hedge fund, Scion Asset Management, was in charge of $2 billion in assets in the second quarter of 2021, and it wouldn’t be surprising for his wealth to reach $300 million or more.
Due to changes in the market, however, his net worth may change from time to time, and his net worth is likely to be higher when the market is going up than when it is going down.
Dr Michael Burry Biography
Dr. Michael J. Burry was born in San Jose, California, on June 19, 1971. After getting his bachelor’s degree in economics and pre-medical sciences from UCLA, he went to Vanderbilt University School of Medicine to get his M.D. He then returned to Stanford Hospital to do residencies in neurology and pathology while working as a financial investor.
Burry could short-sell overpriced stocks because of speculative investing during the dot-com bubble. He did this by using fundamental analysis methods that he learned from Benjamin Graham and David Dodd.
At the beginning of the 2000s, Burry quit his job as a resident to work full-time as a hedge fund manager for Scion Capital. Burry got much attention as a hedge fund manager with high-profile clients like Vanguard, Joel Greenblatt, and White Mountains Insurance Group.
His contrarian investing strategy was very successful, especially in volatile markets like internet companies and subprime lenders, where the S&P 500 fell by 12% in 2001.
His most famous move was buying credit default swaps from Goldman Sachs to protect against subprime mortgage deals. When the housing market crashed at the end of 2007, he and his partners made $825 million from this.
How Did Dr Michael Burry Build His Wealth?
Michael Burry is an intelligent stock picker who usually goes against how the market moves. He goes right when everyone else goes left, and when they buy long positions, he buys put options and sells short assets that he thinks are too expensive.
Mr. Burry is a risk-taker and is fearless in taking risks to make money. This trait has helped him build up a vast fortune over the years. Unlike many others, Dr. Michael Burry is a successful investor who needs a public image or presence. He doesn’t have a lot of social ties, and he doesn’t write books or appear on TV. In other words, Burry has built up his net worth by making intelligent investments rather than trying to get famous or noticed.
Does Michael Burry Invest in Alternative Assets?
All reports show that Dr. Michael Burry is still determining the value of the cryptocurrency on its own, but he still thinks it’s a good investment. His open long positions in two cryptocurrencies with good fundamentals are shown in his October 2021 report.
According to an interview Burry gave to Bloomberg in 2010, he invests in farms, real estate, and gold. These assets are a big part of his plan for reducing risk and spreading his investments, and they also help him do well as an investor.
How is Michael Burry Net Worth Calculated?
Michael Burry’s net worth estimates are based on what he has said about his assets and what is known about his debts. Since not all of his assets, debts, and liabilities are public knowledge, only he knows the exact amount. A big part of his wealth comes from Scion Asset Management’s SEC reports, which he owns outright.
It is also public knowledge that Burry has put options on about 800,000 Tesla (TSLA) shares worth about $530M. But he does not own all of these options and shares, also owned by other significant partners at Scion.
Who Else Invests Like Dr Michael Burry?
Only some investments have the same way of making money. Check out some of the profiles below to see how they rate investors like Michael Burry.
- Sara Blakely
- Jamie Siminoff
- Rohan Oza
- Ali Webb
- Jim Treliving
- Steve Tisch
- Michael Wekerle
Want to Invest Like Michael Burry?
Michael Burry says that his success as an investor is due to his understanding of the “margin of safety,” which is the difference between what an object is worth and what it sells for on the market. To have the same kind of success with investments in the future, you need to find value in new assets where others are hesitant.
Cryptocurrencies are one of the best ways for buyers to make money. Even though they are dangerous, digital assets like Bitcoin and Ethereum may have a lot of instrumental value that the market has yet to see. So, it’s wise for investors who know what they’re doing to take advantage of the chance before institutional capital does the same in the coming years. Check out our list of suggested Bitcoin IRA companies that invest in cryptocurrencies tax-free.
Pros and Cons of Michael J Burry Net Worth
Pros:
- An investor with a long history of success
- Able to make accurate predictions about stock performance and market trends
- He is highly respected in the finance world and has had his investing strategies used by other successful investors
Cons:
- Some of his investment strategies involve high levels of risk, which can lead to significant losses
- His investing decisions are not always easy to understand and may be difficult to replicate by the average investor
- For privacy reasons, he has made fewer public investments lately, so his current investing strategies must be tracked.
Final Thought – Michael J Burry Net Worth
Michael J. Burry has recently become one of the most successful investors, and his net worth is enviable. He is known for taking calculated risks and having a keen eye for market trends, which makes him an asset to any investor or business looking to make money.
While his strategies are only sometimes easy to understand or replicate by the average investor, his privacy policy has led to fewer public investments and made it difficult to track his current strategies. Despite this, Michael J Burry’s net worth is a testament to his successful investing career.