Michael Burry Wiki, Married, Wife, Family, Net Worth
The one who doesn't fall is not the winner, but a winner is a person, who knows how to get up once they fall. Michael Burry is an American investor who is known as the founder of Scion Assetfinancial Management, LLC. He quit his medical profession to shift his career in stock exchanges and market analytics. In 2007, when the market crashed in America, he invested in the subprime mortgage crisis and is often termed as risk avoider.
What Is Michael Burry’s Net Worth?
The 47-year-old physician summoned the staggering net worth of $200 million from his stock investment work since mid 90’s. He gathered fortunes from Scion Capital after quitting his medical career in 2000.
Michael also earned an adequate income when the 2010 nonfictional book, The Big Short: Inside the Doomsday Machine was featured at The New York Times' non-fiction bestseller list for 28 long weeks.
Michael consults investment for small initial investors including Vanguard, White Mountains Insurance Group. One of his prominent investor Joel Greenblatt and his company had seen their funds rise dramatically and the overall assets under management reached $600 million. The investor eventually turned as one of the prolific market gurus back in 2004.
Burry has since made a comeback into the asset management business. He raised $100 million to $200 million from outside investors during 2013 and started Scion Asset Management, LLC, which is a private investment firm.
The 47-year-old revealed about his investment strategy in MSN Money Articles during 2000/2001, in which he wrote,
My strategy isn't very complex. I try to buy shares of unpopular companies when they look like road kill and sell them when they've been polished up a bit. Management of my portfolio as a whole is just as important to me as stock picking, and if I can do both well, I know I'll be successful.
Movie Based On Michael's Life, Faces Wife & Kids After Market Crash
Actor Christian Bale depicted Michael Burry real-life character as an investment consultant in the 2015 American biographical comedy-drama film, The Big Short. The movie is an adapted version of the author, Michael Lewis 2010 book, The Big Short: Inside the Doomsday Machine, which revolved around the financial crisis occurred during the 2007/08 in the United States.
Actress Jae Suh Park essayed the role of Michael's wife. The investor's real-life character was kept the same for the movie with his mutual consent.
Michael Burry (left), and Christian Bale (right), who played Michael in the 2015 film, The Big Short (Photo: NewYork.com)
Michael on his interview for the New York Magazine in 2015 revealed that he had a real hard time in 2007 when the stock markets of US dipped. He thought that he had seen a plane crash and also admitted of writing a mail to his wife that he can’t come home to his kids with such an upsetting market scenario.
However, Michale has kept a shallow profile to reveal anything about his married life. He and his son are diagnosed with Asperger syndrome, and he admitted that he used to communicate with his investors through letters only.
Michael's Family: Funds His Investment, Buys House For His Parents
Michael with his savings and his family's financial backup was able to establish a hedge fund named Scion Capital. The investment company was operated for almost eight years until 2008, which was reportedly shut by Michael to shift his focus to his private investments.
The investment expert is very close to his family and has bought an almond farm in 2010, which he still owns and resides with his family.
Michael Burry was born on 19 June 1971 in San Jose, California as per wiki.
The Physician went to Santa Teresa High School in San Jose and then studied economics and pre-med at the University of California, Los Angeles. He later went to obtain an M.D. (Doctor of Medicine) from the Vanderbilt University School of Medicine.