Michael Burry Net Worth

Who is Michael Burry?

Dr. Michael Burry is an American investor, physician, and hedge fund manager. He is well-known for his early prediction and subsequent profit from the subprime mortgage crisis, a feat detailed in "The Big Short" book and film.

Burry began his financial career by founding Scion Capital in 2000. His rigorous analysis and independent thinking led to significant success, notably his profitable short position against the housing market before the 2008 financial crisis. This move, initially seen as unconventional, ultimately proved to be remarkably accurate.

Following a break from finance, Dr. Burry established Scion Asset Management in 2013, where he continues to defy mainstream investment strategies. His insights and market predictions attract a significant following on X (@michaeljburry), where he shares his thoughts with over 1.4 million followers.

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What is Michael Burry’s Net Worth?

Dr. Michael Burry has an estimated net worth of $200-300 million. His substantial wealth increase is largely attributed to his strategic move during the 2007 subprime mortgage crisis, where his decision to short the mortgage bond market earned him $100 million personally and $700 million for Scion Capital's investors.

Burry's financial acumen is demonstrated in multiple successful market predictions. In early 2022, he identified the Federal Reserve's inadequate response to inflation and invested $31 million in put options on Cathie Wood’s ARKK ETF. This move yielded over $100 million again, doubling his net worth.

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Is Michael Burry Bullish on Bitcoin?

Dr. Michael Burry is generally skeptical about Bitcoin and other cryptocurrencies. He has consistently expressed concerns about their speculative nature and the risk of asset bubbles. His primary worry centers on the leverage embedded within the crypto ecosystem, particularly on both centralized and decentralized exchanges. He anticipates significant risks if large investors need to quickly liquidate their holdings.

However, Burry does acknowledge scenarios where Bitcoin might act as a valuable hedge. Specifically, he suggests that in an environment where the Federal Reserve reduces interest rates and increases market liquidity, Bitcoin could serve as a beneficial investment.

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Michael Burry Deleting Tweets

Dr. Michael Burry's activity on X (formerly Twitter) often sparks controversy due to his habit of deleting tweets about his market positions when they don't work out.

In 2020, he publicly announced a short position on Tesla, but after the stock price surged, he deleted these tweets and revealed he had exited the position. This practice, along with his routine of clearing his entire Twitter timeline, contributes to his unpredictable and contentious online presence.

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Michael Burry Wife

Michael Burry is married to Cassandra Burry, whom he met on Match.com. In his dating profile, Burry openly described himself as a medical student with one eye, an awkward social manner, and $145,000 in student loans. Cassandra appreciated his honesty, responding, "You're just what I've been looking for".

The couple has children, including a son diagnosed with Asperger's Syndrome. They maintain a private family life, emphasizing their commitment to their family's wellbeing.

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Bottom Line

Dr. Michael Burry's astute market predictions, particularly during the 2007 subprime mortgage crisis, have significantly boosted his net worth to an estimated $200-300 million. His strategic investment moves, such as shorting the housing market and betting against Cathie Wood’s ARKK ETF, highlight his financial acumen. Burry's continued influence in the investment world is evident through his substantial following and market impact.