Michael Burry is a well-known American physician, hedge fund manager, and investor. His fame grew as a result of his investments. He is estimated to be worth million of dollars. Since 2000, he has been the founder of the hedge fund Scion manager. This organization existed until 2008.
Quick Facts
| Celebrated Name: | Michael Burry |
|---|---|
| Real Name/Full Name: | Michael J. Burry |
| Gender: | Male |
| Age: | 52 years old |
| Birth Date: | 19 June 1971 |
| Birth Place: | San Jose, California, United States |
| Nationality: | American |
| Height: | 1.70 m |
| Weight: | 75 kg |
| Sexual Orientation: | Straight |
| Marital Status: | Single |
| Wife/Spouse (Name): | N/A |
| Children: | N/A |
| Profession: | American physician, investor, and hedge fund manager |
| Net Worth in 2023: | $250 million |
Michael Burry Biography
Michael Burry was born on June 19, 1971. His hometown is San Jose, California. He graduated from Santa Teresa High School. Later in life, he enrolled at the University of California, Los Angeles. He pursued two-degree programs, economics and pre-med. He then pursued a master’s degree in medicine at Vanderbilt University.
His neurology residency was completed at Stanford Hospital and Clinics. Michael Burry once faced some difficulties as a result of his dual employment in a medical school and personal interests, such as sleeping and crashing an oxygen tent, which cost him his life.
Michael Burry Age, Height, Weight
Michael Burry was born on June 19, 1971; He is 52 years old as of 2023. His height is 1.70 m, and he weighs 75 kg.
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Career
Michael Burry’s medical career came to an end when he left his position as a neurology resident at Stanford University. He then established his hedge fund. Michael Burry had already established a reputation for his investment work in 1996. This was after he had achieved great success in value investing.
He achieved success by posting on message boards on the stock discussion site. Because of his exceptional success, some companies expressed interest in collaborating with him. Vanguard, White Mountains, and Insurance Group are among these firms. In addition, he drew the attention of Joel Greenblatt, a well-known investor.
Michael Burry shut down his website in 2000 and founded Scion Capital. His supportive family paid for it with family loans and an inheritance. By 2004, this investor had amassed $600 million in assets. In 2005, his focus shifted to the subprime mortgage market. Michael Burry correctly predicted that mortgage lending would decline in early 2007. After his experiences in 2003 and 2004, he came to this conclusion.
Michael persuaded investment firms such as Goldman Sachs to sell him credit default swaps to fight this without losing money. As a result, he went through the situation at a very high-profit level. Michael has never denied that his style is entirely due to David Dodd and Benjamin Graham’s book Security Analysis (1934). His prediction, however, was not shared by everyone, resulting in a slight downturn in investment.
Things changed after his prediction proved correct. In April of 2008, Michael Burry sold out his credit default. Because of the bailouts in 2008 and 2009, he will lose his benefits. His ostensible reason for liquidating the company was to focus on all of his previous investments. Scion Asset’s management was terminated in 2016.
Michael Burry Achievements and Awards
This American investor has accomplished a great deal, particularly after correctly predicting the fall of subprime mortgages. He is thought to have saved many people from a total loss in the investment industry by doing so.
Michael Burry’s Net Worth In 2023
Michael Burry has a net worth of $250 million as of October 2023. This is due to his work of investing in his company. Burry was a medical doctor at one point in his life, which contributed to his wealth. His other Savior in the investment industry, which has made him wealthy, is his correct prediction years ago, which drew investment firms and personal investors.
You will undoubtedly succeed if you are determined and passionate about something. Michael Burry is a prime example of someone who abandoned his medical career to pursue his hobby of financial investing. His passion for this hobby became his driving force in the investment industry.
Michael Burry Wife, Marriage
Burry currently resides in Saratoga, California, with his wife and children. The doctors diagnosed their son with Asperger syndrome, which led Michael Burry to believe that he, too, had the condition. After reading about the disorder, he came to this conclusion.
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Categories: Biography