Michael Burry Net Worth | As Rich As The Movie Claims?

Dr. Michael Burry is an American investor, hedge fund manager, physician but of course best known for being one of the earliest investors to foresee and profit from the subprime mortgage crisis in 2007/2008.

Burry was born in 1971 and grew up in San Jose, California. He studied economics and pre-med at the University of California and later earned his M.D. from Vanderbilt University School of Medicine.

While working night shifts at the hospital, Burry started teaching himself investing and began posting stock market analyses on a stock market message board under the pseudonym 'value stock selector'. His insightful posts attracted attention from the investment community and eventually led to a career in investing.

In 2000, Burry left medicine to start his own hedge fund, Scion Capital, funded by a small inheritance and loans from his family. He was successful in his stock picking approach, focusing on value investing and an in-depth analysis of financial statements.

However, it was his bet against the housing market in 20007 that brought him to fame. Burry correctly predicted that the housing bubble which was fuelled by subprime mortgages and risky financial products would collapse.

He persuaded Wall Street firms to sell him credit default swaps against subprime deals he saw as vulnerable. This strategy was hugely profitable for his investors when the housing market collapsed, and his successful prediction was later chronicled in the book (and subsequent movie) "The Big Short" by Michael Lewis.

Burry closed Scion Capital in 2008 to focus on his personal investments. However, in 2013, he returned to the investment world by starting a new hedge fund, Scion Asset Management.

Dr. Burry is known for his contrarian and value-focused investment approach. Over the years, he has focused on a wide range of investments, including real estate, water, commodities, small tech companies, and more recently, GameStop and other "meme" stocks.