Michael Burry Wife: Is Michael Burry Married?

Michael Burry, who famously predicted the housing market crash in 2008, is back in the news for making a big financial move. This time, he’s betting a lot of money, more than $1.6 billion, that there will be a big problem in the stock market. He’s doing something similar to what he did before with the “Big Short” strategy. His company, Scion Asset Management, has spent $866 million to make a kind of deal that will pay off if the S&P 500 goes down, and another $739 million for a similar deal with the Nasdaq 100. This shows that he really believes the market will go down soon. Most investors usually expect the market to do well, but Burry is standing strong in his belief that things will go the other way.

Who Is Michael Burry?

Michael James Burry, born on June 19, 1971, is an American investor, hedge fund manager, and doctor. He created a hedge fund called Scion Capital, which he managed from 2000 to 2008. After that, he closed it down to concentrate on his own investments. His claim to fame is that he was one of the first investors to predict and make money from the subprime mortgage crisis that happened from 2007 to 2010. Burry’s early life was in San Jose, California. He has a background from the Rusyn heritage. Unfortunately, he lost his left eye to retinoblastoma when he was just two years old, and he’s had a prosthetic eye ever since. During his teenage years, he attended Santa Teresa High School.

He pursued studies in economics and pre-med at the University of California, Los Angeles. Later on, he earned an MD degree from the Vanderbilt University School of Medicine. He began a residency program in pathology at Stanford University Medical Center but didn’t finish it. Interestingly, during his free time at night, he worked on his financial investment hobby. Despite not actively practicing as a doctor, Burry has maintained his medical license with the Medical Board of California, which includes fulfilling ongoing educational requirements.

Who Is Michael Burry Wife?

Burry is currently married to Cassandra Burry, whom he met on Match.com, and together, they are parents to a son named Nicholas. In the past, Burry was previously married to a woman of Korean descent; however, the specific name of his previous spouse is not currently available.

Michael Burry Investment career

Back in November 2000, Michael Burry kick-started his journey by creating a hedge fund called Scion Capital right in San Jose. Not long after, he got a call from Gotham Capital, which was run by Joel Greenblatt. They made an offer to buy a quarter of his company’s capital for a cool million dollars after taxes, an offer he happily agreed to.

Soon after, an insurance holding company named White Mountain, led by Jack Byrne, who was a trusted figure in Warren Buffet’s close circle, also invested a substantial amount in his company. This boosted his position even more and helped him strengthen his standing in the financial world.

Unlike the norm where hedge fund managers usually took a fixed percentage off the top as their fees, Burry chose a different path. He only charged investors for the actual expenses, which often turned out to be less than 1% of the assets. This meant he only got paid when he successfully grew investors’ money, which he managed to do quite skillfully. As the year 2001 rolled around, when the market was soaring during the internet bubble, many well-known funds began to suffer losses. However, Burry took a different approach by shorting overpriced tech stocks, which led Scion Capital to a remarkable 55% increase. This upward trend continued in the subsequent years, with a 16% surge in 2002 and an impressive 50% rise in 2003.

By the end of 2004, Scion Capital was steering a substantial $600 million fund, which continued to thrive even when the market faced a downturn in 2005. By October 2006, the investment by Gotham in Scion’s managed funds had reached a significant milestone of $100 million, cementing Burry’s influence in the investment landscape.

Michael Burry Net Worth

Michael Burry has accumulated an estimated net worth ranging between $200-300 million. His financial stature received a substantial boost during the 2007 subprime mortgage crisis, thanks to his keen move to short the mortgage bond market. This decision not only generated a personal fortune of $100 million for him but also brought an impressive windfall of $700 million to the stakeholders of Scion Capital.

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