Introduction
Michael Burry is an acclaimed investor known for his impressive returns in the stock market. He gained widespread recognition after he successfully bet against subprime mortgages in 2008 and was portrayed by Christian Bale in the movie “The Big Short.” Despite his fame, not many people know about his personal wealth and how he has accumulated it over the years. In this blog post, we will take an inside look at Michael Burry’s net worth and provide an insight into the life of this legendary investor.
The Early Years
Michael Burry was born in San Jose, California, in 1971. He was diagnosed with Asperger’s syndrome at a young age, which made socializing difficult for him. However, he was gifted in mathematics and excelled in school. Burry attended the University of California, Los Angeles, where he studied economics and graduated with a degree in medicine. He later pursued a career in medicine but soon realized that his true passion was for investing.
The Starting Years of the Investment Career
After leaving medicine, Michael Burry started his investment career by managing a small fund. He began by investing $6.1 million in a small startup company called Scion Capital. Over time, his fund grew in size, and by the time he closed it in 2008, it was worth over $2.69 billion. During this period, Burry became known for his investment strategies, which included betting against the subprime mortgage market.
Investing in Companies
Apart from his investment in the housing market, Michael Burry has also invested in several companies over the years. Some of his notable investments include GameStop, Microsoft, Apple, and Google. He has also invested in small-cap companies, which have yielded impressive returns.
Net Worth
Michael Burry’s net worth is estimated to be around $300 million. Most of his wealth comes from his investments in the stock market and his hedge fund, Scion Capital. Burry made a fortune betting against the subprime mortgage market in 2008, which earned him a profit of over $100 million.
Post Scion Capital
After closing his hedge fund Scion Capital in 2008, Michael Burry has focused more on investments in companies. He has been involved with several startups and has invested in a wide range of industries, including technology, healthcare, and energy.
Personal Life
Michael Burry is a private individual and prefers to keep his personal life away from the public eye. He is married and has children, but not much is known about his family. Burry is also an avid reader and has a keen interest in history.
Philanthropy
Michael Burry is known for his charitable contributions. In 2012, he donated over $16 million to the Vanderbilt University Medical Center to support research in the field of blindness. Burry has also contributed to various causes, including education, healthcare, and poverty alleviation.
Criticisms
Michael Burry has been criticized for his investment strategies, mainly due to his tendency to bet against popular market trends. However, Burry has defended his strategies, stating that he always does exhaustive research before making any investment decisions.
Conclusion
Michael Burry is a legendary investor who made his fortune by betting against the subprime mortgage market. His investment strategies have been both admired and criticized, but his impressive returns speak for themselves. Despite his success, he leads a private life and is known for his philanthropic contributions.
FAQs
Q. What is Michael Burry’s net worth?
A. Michael Burry’s net worth is estimated to be around $300 million.
Q. What is Michael Burry known for?
A. Michael Burry is known for his investment strategies, including his bet against the subprime mortgage market in 2008.
Q. What companies has Michael Burry invested in?
A. Michael Burry has invested in several companies, including GameStop, Microsoft, Apple, and Google.
Q. What philanthropic contributions has Michael Burry made?
A. Michael Burry has made several philanthropic contributions, including a donation of over $16 million to the Vanderbilt University Medical Center to support research in the field of blindness.
Q. Is Michael Burry still active in the investment industry?
A. Yes, Michael Burry is still active in the investment industry and is currently involved with several startups.