Michael Burry’s Life, Education, and Career: Net Worth in 2022

Michael James Bury, also known as Michael Bury, was born in San Jose, California, on June 19, 1971. 300 million dollars is the approximate value of Michael Bury’s net worth.

His battle started when he lost his left eye to retinoblastoma at the age of two. His left eye was replaced with an artificial one because the cancer, which is rare, quickly develops from immature retinal cells.

Know About The Early Life & Education of Michael Burry

Michael Bury attended Santa Teresa High School while growing up in San Jose, California. He then enrolled in the Los Angeles-based University of California, where he studied economics and pre-medicine.

Later, he achieved a doctorate (MD) degree from Nashville, Tennessee’s Vanderbilt University School of Medicine. He began working as a part-time financial investor while he was off duty because finance has always been his main interest.

There is yet another individual by the name of Vitalik Buterin. Michael Burry is older and poorer than him. Learn how he acquired his money by reading.

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Michael Burry’s Investment Career

Michael resigned his position as a doctor in the pathology and neurology department at Stanford Hospital not long after that in order to devote his whole attention to investing in the financial markets and founding his own hedge fund.

Michael Bury had become a well-known personality in value investing by the time he departed his position. He consistently selected the best stocks and was profitable.

Companies like Vanguard, White Mountain Insurance Group, and well-known investors like Joel Greenblatt were interested in Michael Bury’s stock recommendations due to their performance.

Currently, Michael Burry works as a doctor, a hedge fund manager, and an angel investor.

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Building A Net Worth Of 300 Million

Michael launched his own hedge fund, Scion Capital, in November 2000 with the help of his family and personal resources. He began turning a profit for his investors right away following the company’s establishment.

Scion Capital experienced an average return on investment of almost 55% in 2001. The market share increased overall by 28.69% in 2003, but Michael Burry’s prudent decision allowed him to outperform the market growth, resulting in a year-over-year return of 50%.

By the end of 2004, he was already in charge of 600 million USD in Scion Capital. Your expertise always pays off!

Michael’s Scion Capital earned a total return of 489.34% from November 2000 to June 2008.

Burry made a personal profit of $100 million, and his investors who purchased credit default swaps from him also made a profit of $700 million.

In 2008, Michael Bury temporarily shut down his business, liquidated all of his assets, and then started concentrating on his own investments. In the recessions of 2008 and 2009, if he hadn’t shut down his business, it would have received financial bailouts from the US government.

Scion Asset Management is the new name of the business that Michael Burry reopened.

Michael Burry’s Personal Life

At the moment, Bury lives in Saratoga, California. He has a wife and a child. Asperger’s syndrome, a rare neurological condition that makes it challenging for a patient to interact socially and use nonverbal communication, has been identified in Buri’s son.

Following the diagnosis of his kid, Michael Bury now believes that he also has Asperger’s syndrome. She thinks she also has Asperger’s syndrome because it required a lot of effort for her to look people in the eyes when she was younger.

Despite having several of these health issues and witnessing his kid struggle with Asperger’s syndrome, Michael continues to live his life and progressively builds up his fortune.

Because only the best players and a chosen few are allowed to play in the cosmos, challenges make man flawless. One of the few, Michael Bury, lost his left eye to cancer when he was just two years old. His struggles started early in life, which affected how his life turned out.

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