Facts of Michael Burry
|Full Name||Michael Burry Michael Burry|
|First Name||Michael Burry|
|Last Name||Michael Burry|
|Birth Name||Michael Burry|
|Profession||American investor and hedge fund manager|
|Birth City||San Jose, California|
|Date of Birth||June 19,1971|
How Much Is The Net Worth Of Michael Burry?
Michael Burry is an American investor and hedge fund manager who is known as the founder of Scion Asset financial Management, LLC. He is also known for making a personal profit of $100 million from his company.
Started investing from his young age he has accumulated a huge sum of money as his net worth. Here we have all the details on Michael Burry's net worth details, salary, income sources, and further details.
Net Worth Details-Salary And Income Sources
Michael Burry is estimated to have a net worth of approximately $200 million according to Celebrity Net Worth. He mainly earns from his professional career as an American hedge fund manager.
According to a verifies source, in the United States, the average par for a Hedge Fund Manager is around $112,000 annually. The pay range can reach high up to $724,000 after adding a bonus of $20,000 and a commission of $32,000.
Michael Burry is a physician turned money manager who is now a founder of Scion Captail LLC hedge fund. Actually, Burry started his investment career when he was back in school. Firstly, he tried his career as a physician and used to work at Stanford Hospital neurology resident.
In 2000, he left his job at the hospital and started his own hedge fund Scion Capital. The company was funded by the investors whom he met while he was still a doctor. The first year of the company gained him the success of 11.88 % and 16 % profit in the second year.
While he was in the fourth year of the company’s establishment, he was having the profit of almost 50 % which was around $600 million in countable money.
In 2005, he proposed a theory that the real estate of the time would collapse by 2007 and convinced his investors to invest in his hedge fund. Though some of the investors did not back him, he and his company earned $700 million from which his personal profit was estimated to be approximately $100 million.
Around the period of time between 2000 to 2008, Scion Capital recorded total returns of 489.34%. In 2008, he sold his company so that he could focus on his personal investments.
In less than 5 years, he reopened his fund by the name Scio Asset Management. The motto of his fund is “Fresh, clean water cannot be taken for granted. And it is not — water is political and litigious." As the slogan reads, he mainly invests in water, gold, and farmland.
A source cited that, in 2015 and 2016, the fun was holding the sum of $100 million and after just 2 years Burry revealed that he holds numerous large-cap stocks and $103,528,000 13F assets under management.
Apart from his money managing career, he also earns as an actor. He has appeared in few numbers of movies and TV series including The Big Short, 60 minutes, Blue-Eyed Devil and Risk Takers.
Assets, Houses, Cars, Expenses, Taxes, Insurance, Charity Works
Dealing with the real estates is Michael Burry’s job from his company. Although he has provided data about companies investments and land, he has not shared much about his personal land, houses, and cars. A news source disclosed that in 2010, he bought an almond farm worth millions of dollars for his parents.
Likewise his assets, houses and cars, there is no information about his tax payments, insurance premiums, and charity works.
Michael Burry Personal Life-Age, Married, Wife, Children, Disorder
Michael Burry was born on 19 June 1971 under the star sign Gemini. He was born & raised in San Jose, California and is currently residing in Saratoga, California, the United States.
As of 2019, Michael Burry is a 47 years old man holding American Nationality and belonging to white ethnicity.
Regarding his personal life, he is a married man, however, has not disclosed the name of his wife and children. The only thing revealed about his son is that he was diagnosed with Asperger Syndrome (is a developmental disorder known by seeing difficulties in social interaction and nonverbal communication in someone).
Interesting Fact: While he was reading about the disorder, to help his son, he himself realized that he also has this disorder.
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