Do you know who Michael Burry is? Well, Mr. Burry is one of the most successful investor and manager in the last decade in America. In fact, he is the main doctor, however, many of his careers have so far been associated with intelligent investment and hedging funds that make him get wealth. But have you ever wondered what is Michael Burry’s clean wealth? If so, see the following article which contains the initial details of life and professional careers and of course the clean wealth of this successful man. So, if you are ready, let’s start.
Michael Burry’s Early Life
Michael J. Burry or Just Michael Burry is a Successful Protection Fund Manager and Investor, but above all doctors. He was born on June 19, in 1971. His hometown was San Jose in California, United States. His childhood was quite difficult because, as a very young boy with only two years of age, Michael lost his eyes due to cancer. Since then, Michael has artificial eyes.
However, this 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, Michael Muda registered at the University of California in the Pre-MED and Economic Program. Michael won the title M.D. (Doctor of Medicine) at the Faculty of Medicine, Vanderbilt University, but did not complete the residency he began at the Stanford hospital and clinic, the Department of Neurology.
Although he did not complete the residency, Burry could maintain a license. As we said, besides medicine, his extraordinary desires were economics, more specifically financial investment which was 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 Professional Career
So, during his study period, Michael showed great interest and knowledge in financial investment, which attracted company attention such as White Mountains Insurance Group and Vanguard, and even very successful investors such as Joel Greenblatt. However, the key year in his career was 2000 when he founded a hedging fund called Scion Capital after his favorite book, ‘The Scions of Shannara’ by Terry Brooks.
Although the funds were made thanks to loans from their parents, Scion Capital had produced extraordinary results in the first year of its existence. This means an increase of 11.88 percent, while in the second year as many as 16 percent of profits. At the end of 2004, growth reached 50 percent surprising, which was around $ 600 million. Obviously 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 came true. Although not all investors remain in their company, those who do it generate large profits of $ 700 million. Michael himself has collected extraordinary $ 100 million. After a lot of success, Michael decided to close the funds and focus on other things of personal investment like that.
Awards and achievements of Michael Burry
During his very successful career so far, Michael Burry hasn’t received a single official award. However, his financial predictions that made him rich are his greatest success. His career and personality were the inspiration for the 2015 movie ‘The Big Short’, which included popular actors such as Ryan Gosling, Brad Pitt, and Christian Bale that portraited Michael.
Michael Burry’s Net Worth
Throughout his career, Michael Burry has managed to earn a fair amount of money. He gained most of his fortune while working as a hedge fund manager during his time managing Scion Capital. We mentioned $100 million in revenue thanks to a smart and well-calculated investment strategy. But how much is Michael Burry’s net worth. Well, he managed to make a net worth that is estimated at about $300 million.
Beside of being rich and smart, we must emphasize that Michael Burry is great man above all, with life story that could be inspirational to people who starting investing in business. So, never give up.