Michael Burry is a famous American physician, hedge fund manager and investor. His reputation grows thanks to his investments. It is estimated to be worth millions of dollars. Since 2000, he has been the founder of the hedge fund Scion manager. This organization existed until 2008.
Quick Info
| Famous name: | Michael Burry |
|---|---|
| Real name/Full name: | Michael J. Burry |
| sex: | male |
| Year old: | 51 years old |
| Date of birth: | June 19, 1971 |
| Place of birth: | San Jose, California, USA |
| Nationality: | American |
| Height: | 1.70 m |
| Weight: | 75kg |
| Sexual orientation: | Straight |
| Marital status: | Single |
| Spouse (name): | ABOVE |
| children: | ABOVE |
| Job: | American doctor, investor and hedge fund manager |
| Net worth in 2022: | 250 million dollars |
Biography of Michael Burry
Michael Burry was born on June 19, 1971. His hometown is San Jose, California. He graduated from Santa Teresa High School. Late in life, he enrolled at the University of California, Los Angeles. He completed a double degree in economics and pre-medicine. He then went on to earn a master’s degree in medicine from Vanderbilt University.
He completed his degree in neurology at the Stanford Hospital and Clinic. Michael Burry has faced some hardships due to his dual job in medical school and personal interests, such as sleeping and collapsing the oxygen tent, which cost him his life.
Michael Burry Age, height, weight
Michael Burry was born on June 19, 1971; As of 2022, he is 51 years old, 1.70 m tall and weighs 75 kg.
Michael Burry
Career
Michael Burry’s medical career ended when he left the residential neurology department at Stanford University. He then founded his own hedge fund. Michael Burry became famous for his investment work in 1996. That was after he achieved great success in the field of value investing.
He succeeded by posting on a bulletin board on a stock discussion website. Because of his exceptional successes, several companies have expressed interest in working with him. Vanguard, White Mountains and Insurance Group are among those companies. In addition, he also attracted the attention of Joel Greenblatt, a famous investor.
Michael Burry closed his website in 2000 and founded Scion Capital. His supportive family paid for it with family loans and inheritance. By 2004, this investor had accumulated $600 million in assets. In 2005, his focus shifted to the subprime mortgage market. In early 2007, Michael Burry correctly predicted a drop in mortgage activity. After his experiences in 2003 and 2004, he came to this conclusion.
Michael convinced investment firms like Goldman Sachs to sell him credit swaps so he could fight it without losing money. As a result, he overcame the situation with a very high profit margin. Michael never denied that his style was entirely due to the book Security Analysis (1934) by David Dodd and Benjamin Graham. However, his prediction was not shared by everyone, leading to a slight drop in investment.
Everything changed after his prediction was proven correct. In April 2008, Michael Burry sold his loan. Because of the bailouts in 2008 and 2009, they will lose benefits. The reason for liquidating his alleged company was to focus on all his previous investments. Management of Scion Asset ceased in 2016.
Michael Burry Achievements and Awards
This American investor has achieved a lot, especially after correctly predicting the decline in subprime mortgages. He is credited with saving many people from total loss in the investment industry.
Michael Burry’s net worth in 2023
Michael Burry has a net worth of $250 million as of April 2023. This is due to his investment work in the company. Burry was a doctor at one point in his life, which contributed to his wealth. His other savior in investing, which made him rich, was his accurate prediction many years ago, which attracted investment firms and individual investors.
You will surely succeed if you are determined and passionate about something. Michael Burry is a true example of someone who gave up his medical career to devote himself entirely to his hobby of financial investing. His passion for this hobby became his driving force in the investment industry.
Michael Burry Wife, Marriage
Burry currently lives in Saratoga, California with his wife and children. Doctors diagnosed their son with Asperger’s syndrome, leading Michael Burry to believe he also had the condition. After reading about the disorder, he came to this conclusion.
Categories: Biography
Source: HIS Education