Michael Burry is a famous American doctor, hedge fund manager and investor. His fame grew thanks to his investments. It is estimated to be worth millions of dollars. Since 2000, he is the founder of the hedge fund Scion manager. This organization existed until 2008.
Contents
Fast facts
| Famous name: | Michael Burry |
|---|---|
| Real name/Full name: | Michael J. Burry |
| Sex: | Male |
| Age: | 52 years old |
| Date of birth: | June 19, 1971 |
| Birth place: | San Jose, California, United States |
| Nationality: | American |
| Height: | 1.70 m |
| Weight: | 75 kg |
| Sexual orientation: | Straight |
| Marriage status: | Single |
| Wife/spouse (name): | ON |
| children: | ON |
| Profession: | American doctor, investor and hedge fund manager |
| Net worth in 2023: | 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. Later 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 at Vanderbilt University.
He completed his specialization in neurology at Stanford Hospital and Clinics. Michael Burry once faced some difficulties as a result of his dual jobs in medical school and personal interests, such as sleeping and collapsing oxygen tents, which cost him his life.
Michael Burry Age, height, weight
Michael Burry was born on June 19, 1971; As of 2023, he is 52 years old, 1.70 m tall, and weighs 75 kg.
Michael Burry
Career
Michael Burry’s medical career ended when he left his neurology residency at Stanford University. Then he started his own hedge fund. Michael Burry already gained a reputation for his investment work in 1996. This was after he achieved great success in value investing.
He found success by posting on message boards on a stock discussion site. Because of his exceptional successes, some companies have shown interest in working with him. Vanguard, White Mountains and Insurance Group are among those companies. 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. In early 2007, Michael Burry correctly predicted the decline in mortgage lending. After his experiences in 2003 and 2004, he came to this conclusion.
Michael convinced investment firms such as Goldman Sachs to sell him credit swaps so he could fight it without losing money. As a result, he went through the situation at a very high level of profit. Michael never denied that his style was 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 drop in investment.
Things changed after his prediction proved correct. In April 2008, Michael Burry sold his loan. Because of the bailouts in 2008 and 2009, they will lose their benefits. His alleged reason for liquidating the company was to focus on all his previous investments. The management of Scion Asset ceased in 2016.
Michael Burry’s achievements and awards
This American investor has achieved a lot, especially after correctly predicting the decline of subprime mortgages. He is believed to have saved many people from a complete loss in the investment industry.
Michael Burry Net Worth in 2023
Michael Burry has a net worth of $250 million as of August 2023. This is because of his work investing in his company. Burry was a doctor at one point in his life, which contributed to his wealth. His other savior in the investment industry, which made him rich, was his accurate prediction many years ago, which attracted investment firms and personal investors.
You will undoubtedly succeed if you are determined and passionate about something. Michael Burry is a true example of someone who left a medical career to devote himself 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, which led Michael Burry to believe that he too had the condition. After reading about the disorder, he came to this conclusion.
Categories: Biography
Source: vcmp.edu.vn