Michael Burry Net Worth & Earnings 2021 – How Much He Earns

Do you know who Michael Burry? Well, Mr. Burry is one of the most successful investors and hedging fund managers in the past decade in America. In fact, he is a major doctor, however, many of his career until now have been associated with intelligent investment and hedging funds that have made him wealth. But have you ever wondered what net worth Michael Burry? If so, check the following article containing early life and professional career details and of course this clean man’s success wealth. So, if you are ready, let’s start.

Michael Burry’s Early Life

Michael J. Burry or only Michael Burry is a successful hedging manager and investor investor, but above all doctors. He was born on June 19, in 1971. Hometown was San Jose in California, United States. His childhood was quite difficult because, as a very young boy with a two-year-old man, Michael lost his eyes because of cancer. Since then, Michael has an artificial eyes.

However, the disease did not defeat him and Burry was able to create a very impressive career that began in Santa Teresa High School, also based in California. After high school, young Michael is registered at the University of California on the Pre-Med and Economic program. Michael gets M.D. (Doctor of Medicine) at the Vanderbilt University School of Medicine, but did not complete the residency he started in the hospital and Stanford clinic, the Department of Neurology.

Even though he did not complete the residency, Burry was able to maintain his license. As we said, in addition to drugs, the great desire is the economy, more specifically financial investment which is his hobby during the period at UCLA. Even during this period, it was clear that Michael had talent and he attracted the attention of several large companies.

Michael Burry’s Professional Career

So, during the period of his research, Michael showed great interest and knowledge in financial investment, which attracted the attention of companies such as the White Mountain and Vanguard insurance group, and even other very successful investors such as Joel Greenblatt. However, the key year in his career was 2000 when he set up a hedge fund called Scion Capital after his favorite book, ‘Scion of Shannara’ by Terry Brooks.

Even though the funds were made thanks to a loan from his parents, Scion Capital had produced extraordinary results in the first year of its existence. This means a 11.88 percent increase, while in the second year was 16 percent of profit. At the end of 2004, growth reached 50 percent surprisingly, which was around $ 600 million. Surely the biggest success he had achieved was after moving to the subprime market.

Furthermore, Michael made a detailed analysis of the market and concluded that real estate bubbles had to collapse during 2007, which later became true. Although not all investors remain in his company, those who made a big advantage of $ 700 million. Michael himself has collected $ 100 million which is extraordinary. After a lot of success, Michael decided to close funds and focus on other things like the personal investment.

Michael Burry’s Awards and Achievements

During his very successful career so far, Michael Burry has not received an official award. However, the financial prediction which makes it rich is its greatest success. His career and personality are inspiration for the 2015 film ‘The Big Short’, which includes popular actors like Ryan Gosling, Brad Pitt, and Christian Bale who photographed Michael.

Michael Burry’s Net Worth

Throughout his career, Michael Burry managed to get fair money. He obtained most of his wealth while working as a hedging fund manager during his time to manage Scion Capital. We mention $ 100 million revenue thanks to a smart investment strategy and calculated well. But what is the net worth of Michael Burry. Well, he managed to make a net worth that was estimated at around $ 300 million.

Apart from being rich and smart, we must emphasize that Michael Burry is a great man above all, with a life story that can be inspirational for people who start investing in business. So, never give up.