Michael Burry Net Worth, Age, Height, Bio, Birthday, Wiki!
Explore Michael Burry net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Michael Burry? Who is Michael Burry dating now & how much money does Michael Burry have?
Michael Burry Biography
Michael Burry is one of the most popular and richest Physician who was born on June 19, 1971 in San Jose, California, United States.
Michael James Burry (/ˈ b ɜːr i / ; born June 19, 1971) is an American physician, investor, and hedge fund manager. He was the founder of the hedge fund Scion Capital, which he ran from 2000 until 2008, before closing the firm to focus on his own personal investments. Burry was the first investor to recognize and profit from the impending subprime mortgage crisis.
Burry then left to start his own hedge fund. He had already developed a reputation as an investor by demonstrating success in value investing, which he wrote about on message boards on the stock discussion site Silicon Investor beginning in 1996. He was so successful with his stock picks that he attracted the interest of companies such as Vanguard, White Mountains Insurance Group and prominent investors such as Joel Greenblatt. Burry has a strictly traditional understanding of value. He has said more than once that his investment style is built upon Benjamin Graham and David Dodd’s 1934 book Security Analysis: “All my stock picking is 100% based on the concept of a margin of safety.”
| Name | Michael Burry |
| First Name | Michael |
| Last Name | Maloney |
| Occupation | Physician |
| Birthday | June 19 |
| Birth Year | 1971 |
| Place of Birth | San Jose |
| Home Town | California |
| Birth Country | United States |
| Birth Sign | Gemini |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Not Available |
| Spouse | Not Known |
| Children(s) | Not Available |
Ethnicity, religion & political views
Many peoples want to know what is Michael Burry ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Michael Burry's ethnicity is Not Known. We will update Michael Burry's religion & political views in this article. Please check the article again after few days.
After shutting down his website in November 2000, Burry started the (now defunct) hedge fund Scion Capital, funded by a small inheritance and loans from his family. The company was named after Terry Brooks’ The Scions of Shannara (1990), one of his favorite novels. Burry quickly earned extraordinary profits for his investors. According to the author Michael Lewis, “in his first full year, 2001, the S&P 500 fell 11.88 percent. Scion was up 55 percent. Burry was able to achieve these returns by shorting overvalued tech stocks at the peak of the internet bubble. The next year, the S&P 500 fell again, by 22.1 percent, and yet Scion was up again: 16 percent. The next year, 2003, the stock market finally turned around and rose 28.69 percent, but Mike Burry beat it again—his investments rose by 50 percent. By the end of 2004, Mike Burry was managing $600 million and turning money away.”
Michael Burry Net Worth
Michael Burry is one of the richest Physician from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Michael Burry's net worth $200–300 million. (Last Update: December 11, 2023)
Michael Burry was born in 1971 and grew up in San Jose, California. At the age of two he lost one of his eyes to cancer and has had an artificial eye ever since.
| Net Worth | $200–300 million |
| Salary | Under Review |
| Source of Income | Physician |
| Cars | Not Available |
| House | Living in own house. |
In 2005, Burry started to focus on the subprime market. Through his analysis of mortgage lending practices in 2003 and 2004, he correctly predicted that the real estate bubble would collapse as early as 2007. Burry’s research on the values of residential real estate convinced him that subprime mortgages, especially those with “teaser” rates, and the bonds based on these mortgages, would begin losing value when the original rates were replaced by much higher rates, often in as little as two years after initiation. This conclusion led Burry to short the market by persuading Goldman Sachs and other investment firms to sell him credit default swaps against subprime deals he saw as vulnerable. This analysis proved correct, and Burry profited accordingly. Burry has since said, “I don’t go out looking for good shorts. I’m spending my time looking for good longs. I shorted mortgages because I had to. Every bit of logic I had led me to this trade and I had to do it.”
According to his website, Burry liquidated his credit default swap short positions by April 2008 and did not benefit from the bailouts of 2008 and 2009. He subsequently liquidated his company to focus on his personal investment portfolio.
Height, Weight & Body Measurements
Michael Burry height Not available right now. Michael weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
During his payments towards the credit default swaps, Burry suffered an investor revolt, where some investors in his fund worried his predictions were inaccurate and demanded to withdraw their capital. Eventually, Burry’s analysis proved correct; he earned a personal profit of $100 million and a profit for his remaining investors of more than $700 million. Scion Capital ultimately recorded returns of 489.34% (net of fees and expenses) between its November 1, 2000 inception and June 2008. The S&P 500, widely regarded as the benchmark for the US market, returned just under 3% including dividends over the same period.
In 2013, Burry reopened his hedge fund, this time called Scion Asset Management, filing reports as an ERA (exempt reporting adviser) that is active in the state of California and approved by the SEC.
Who is Michael Burry Dating?
According to our records, Michael Burry is possibily single & has not been previously engaged. As of December 1, 2023, Michael Burry’s is not dating anyone.
Relationships Record: We have no records of past relationships for Michael Burry. You may help us to build the dating records for Michael Burry!In an April 3, 2010 op-ed for The New York Times, Burry argued that anyone who studied the financial markets carefully in 2003, 2004, and 2005 could have recognized the growing risk in the subprime markets. He faulted federal regulators for failing to listen to warnings from outside a closed circle of advisors.
Facts & Trivia
Michael Ranked on the list of most popular Physician. Also ranked in the elit list of famous people born in United States. Michael Burry celebrates birthday on June 19 of every year.
Burry has focused much of his attention on investing in water, gold, and farmland. Burry has been quoted saying “Fresh, clean water cannot be taken for granted. And it is not—water is political, and litigious.” After the end of the film, The Big Short, a statement regarding Burry’s current interest reads, “The small investing he still does is all focused on one commodity: water.”
Does Michael Burry only have one eye?
Burry was born and grew up in San Jose, California. At the age of two he lost his left eye to retinoblastoma and has had a prosthetic eye ever since.
How much did Michael Burry make in the big short?
Burry told his investors to come in with him on a massive bet against the housing market in 2005. It took years for Michael’s predictions to play out. However, when they did, he returned a personal profit of $100 million and $700 million for his investors. His firm’s total return for 2000 to 2008 was 489.34%.
Why is Michael Burry investing in water?
He prefers water-rich farmland away from large governmental and infrastructural limitations. Burry has said in interview: “What became clear to me is that food is the way to invest in water. That is, grow food in water-rich areas and transport it for sale in water-poor areas.
How did Michael Burry get rich?
He achieved this pinnacle of success after he moved to the Subprime market. Michael Burry had made the complete change in his career from being a medical physician to a hedge fund manager. He was a brilliant market analyst and his studies of the real estate market predicted that the bubble would collapse around 2007.
What is Michael Burry doing now?
Born in California, Burry is an American investor, physician, and hedge fund manager. Currently, he manages Scion Asset Management, which he founded in 2013. Scion Asset Management mainly invests in services, technology, finance, and consumer goods sector as of Q2.
You may read full biography about Michael Burry from Wikipedia.
