You may not have heard of him, but Michael Burry is a genius regarding the stock market. In 2005, Burry made a name for himself by predicting the housing market’s collapse. Thanks to his foresight, he was able to make millions of dollars while other investors lost everything. And that’s just the beginning of his impressive resume. So how much is this stock market genius worth?
Check out the article to find out!
How Much Is Michael Burry Worth?
You’re probably wondering how much Michael Burry is worth. After all, he’s a genius regarding the stock market. According to Celebrity Net Worth, Michael Burry is worth around $300 million. Not too shabby, right? Obviously, a lot of that wealth comes from his stint as a hedge fund manager. But he also made some smart investments in real estate and other ventures.
Michael Burry rose to prominence as the creator of Scion Capital LLC. Scion Capital LLC, which was founded in 2001 by Michael Burry, generated a 55% return attributable to smart selections against tech equities prior to the internet boom. By 2004, he was managing over $600 million in assets. He made a fortune by properly predicting the 2008 real estate market crisis through Scion.
But even before that Michael Burry has always proven to be a guru when it comes to stock. Michael Burry had already established himself as a fund manager by participating in financial forums and sharing his thoughts and predictions on his own website by the mid-1990s.
He quit medicine for good in 2000 and went from being an amateur investor to founding his own investment firm, Scion Capital. Michael’s keen vision was instantly rewarded: although the S&P 500 fell 11.8% in 2001, Scion Capital returned 55% to its investors.
The next year, although the S&P 500 was down 22%, still reeling from the effects of the dotcom crash, Michael Burry’s fund climbed 16%. So what’s next for Michael Burry? He’s still doing some consulting work, but he’s also focusing on philanthropy and trying to help people in need. It’s clear that this guy knows how to make money—and he’s also not afraid to give it away.
His Investment Style
Michael Burry has openly stated on several occasions that he describes himself as a value investor and that he based his investing decisions entirely on Benjamin Graham and David L. Dodd’s “margin of safety” notion.
Where Does He Live?
You may be wondering, where does Michael Burry live? Well, he has a pretty interesting setup. You see, Michael Burry is a bit of a recluse and he doesn’t like to be in the public eye. So instead of living in some swanky penthouse in Manhattan or Los Angeles, he has chosen to live in a modest house in Saratoga, California with his wife and kids.
And even though he’s a multi-millionaire, Michael Burry still drives his old Toyota Camry and wears clothes from Wal-Mart. I guess you could say he’s a bit of a minimalist when it comes to material possessions.