Michael Burry Net Worth and Earnings Overview
Michael Burry is an American investor and hedge fund manager best known for predicting the 2008 financial crisis. His net worth is estimated at around $300 million as of the latest public disclosures, based on his investment gains, fund management fees, and personal holdings. Most of his wealth comes from his early Scion Capital LLC returns and his current portfolio management through Burry Capital Management LLC.
Burry earned widespread recognition after his Scion Capital fund achieved returns of more than 400% from 2000 to 2008, with a peak net asset value of roughly $600 million before returning capital to investors. His most famous trade was shorting subprime mortgage–backed securities, a move documented in Michael Lewis's book "The Big Short" and later adapted into a film. Public filings and media reports suggest his personal and managed assets have grown through disciplined value investing and concentrated positions.
How Michael Burry Made His Money
Burry's primary earnings came from managing external capital at Scion Capital LLC, where he charged a standard 2 and 20 fee structure on returns. His largest gains came from short positions against subprime mortgages and credit default swaps, which generated outsized profits as the housing market collapsed in 2007 and 2008. After closing Scion Capital, he shifted to managing his own money through Burry Capital Management LLC, focusing on deep value and contrarian strategies.
In recent years, Burry has disclosed significant positions in companies such as Tesla, where he held a large stake in his fund and publicly discussed his investment thesis. He has also traded other high-conviction ideas in equities and credit markets, often using short positions to express bearish views. His earnings profile combines fund management fees, performance fees from profitable trades, and personal portfolio appreciation, with details reported through SEC filings and investor letters.
Michael Burry's Key Investments and Public Disclosures
Scion Capital LLC and Early Career Returns
Burry founded Scion Capital LLC in 2000 and managed external capital until 2008, delivering annualized returns that placed the fund among the most successful hedge funds of its era. His early career earnings came from identifying mispriced credit instruments, particularly in the subprime mortgage market, and he later closed the fund to new investors after returning capital to existing ones.
Current Portfolio and Holdings
Through Burry Capital Management LLC, Burry continues to manage personal and family-office capital, with public disclosures showing concentrated positions in technology and other sectors. His portfolio moves are closely watched by investors and analysts, and filings with the SEC provide insight into his current holdings and trading activity. For more details on his public disclosures, you can refer to the SEC's EDGAR database at https://www.sec.gov/edgar.