You may not know who Michael Burry is, but chances are you’ve heard of the movie “The Big Short.” Burry was one of the central figures in the film, and his story is an incredible one. Here’s a look at Burry’s life, career, and net worth.
Michael Burry’s Early Phase
Burry was born in 1971 in San Jose, California. He attended UCLA for an undergrad and then went on to medical school at Vanderbilt University.
It was during his second year of medical school that Burry realized he wasn’t cut out for a life in medicine. He dropped out and took a job as an analyst at Deutsche Bank.
But, Burry eventually left Deutsche Bank to start his hedge fund, Scion Capital. Working with a small team and limited resources, Burry achieved remarkable success.
This decision turned out to be a very wise one, as Scion Capital experienced great success in its early years.
He is famous for his role in predicting the housing market crash and Burry saw it as an opportunity to short the market making fortune for him His bet against subprime mortgages made him a fortune and cemented his place as one of the most successful investors of all time.
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Michael Burry’s Net Worth
These days, Burry manages his own money again and is reportedly Net worth over $300 Million. He’s also built up an impressive real estate portfolio, which includes properties in Silicon Valley, New York City, Hawaii, and even Scotland. He continues to invest in companies that he believes are undervalued by the market and holds a large position in Tesla stock. Only time will tell if his bets pay off, but if history is any indication, we think they just might.
Michael Burry is a fascinating figure in the world of finance. His story is one of the rags-to-riches-to-rags-to-riches again, and it’s clear that he’s a brilliant investor. If you’re looking for someone to imitate when it comes to investing, you could do worse than following in Burry’s footsteps—just be prepared for some ups and downs along the way!
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