This write-up will contain information about Michael Burry’s Wikipedia page and age. Born on June 19, 1971, Michael Burry is an American investor, hedge fund manager, and physician celebrated for his remarkable insight.
He founded Scion Capital, a hedge fund he led between 2000 and 2008 when he chose to close it to focus on personal investment pursuits.
His most standout accomplishment lies in being one of the pioneering investors who astutely foresaw and profited from the subprime mortgage crisis, a pivotal financial occurrence that unfolded from 2007 to 2010.
Does Michael Burry Have Wikipedia Page?
Yes, Wikipedia has a profile page for American investors, hedge fund managers, and physicians. Born on June 19, 1971, in San Jose, California, Michael James Burry’s early life was marked by unique challenges. With Rusyn’s ancestry, he faced a medical ordeal as a toddler, losing his left eye to retinoblastoma at the age of two.
He has since lived with a prosthetic eye. His educational journey led him to Santa Teresa High School during his teenage years. He pursued economics and pre-med studies at the University of California, Los Angeles, subsequently earning an MD degree from Vanderbilt University School of Medicine.
Although he initiated but did not complete his residency in pathology at Stanford University Medical Center, his off-duty hours were dedicated to his growing passion for financial investing.
As of 2010, he was living in Saratoga, California, with his family, including a son diagnosed with Asperger’s syndrome. Despite not actively practicing medicine, Burry maintains an active physician’s license through the Medical Board of California.
How Old Is Michael Burry?
Born in the city of San Jose, California, on June 19, 1971, Michael James Burry is 52 years old as of 2023.
Michael Burry Net Worth
Michael Burry’s financial portfolio has amassed an approximate net worth spanning from $200 to $300 million. His financial standing experienced a notable surge during the 2007 subprime mortgage crisis, when his astute decision to short the mortgage bond market not only yielded a personal fortune of $100 million but also delivered a substantial windfall of $700 million to Scion Capital’s stakeholders.
Michael Burry Investment
In November 2000, Michael Burry embarked on the establishment of Scion Capital, a hedge fund headquartered in San Jose. Shortly thereafter, a pivotal opportunity emerged when Joel Greenblatt’s Gotham Capital extended an offer to purchase 25% of Scion Capital’s capital for one million dollars post-tax. Burry eagerly seized this offer, solidifying a crucial partnership.
Soon after, another significant investor stepped into the picture: White Mountain, an insurance holding company overseen by Jack Byrne, a trusted figure in Warren Buffet’s inner circle. Their substantial investment provided further momentum to Burry’s burgeoning enterprise.
Diverging from the norm, where hedge fund managers typically charged a 2% commission on assets, Burry took a different approach. He opted to charge investors only for actual expenses, often falling below the 1% threshold of assets. This strategy aligned his success with that of his investors, as his earnings were tied to the growth he generated for them.
As 2001 unfolded, the internet bubble was at its zenith, and while more prominent funds faced losses, Burry boldly ventured into shorting overvalued tech stocks. This decision propelled Scion Capital’s value by a remarkable 55%. The subsequent years bore testament to Burry’s acumen, with the fund’s value surging by 16% in 2002 and a remarkable 50% in 2003.
By the conclusion of 2004, Scion Capital’s management had encompassed a $600 million fund, a trajectory that defied the market’s downturn in 2005. In October 2006, Gotham’s investment in Scion-managed funds reached a substantial milestone, culminating at $100 million.
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