Michael Burry net worth is a question that does not have a single verified answer. Public estimates place it between 200 million and 350 million dollars, with 300 million cited most often, but Burry has never confirmed a figure and files no personal financial disclosures.
Michael Burry Net Worth: The Estimated Range
Most published estimates put Michael Burry's net worth somewhere between 200 million and 350 million dollars as of 2026.
No court filing, tax record, or personal statement confirms an exact number. The figure circulating most widely, around 300 million dollars, traces back to secondary aggregators rather than any document Burry himself has released.
This is a common pattern for private fund managers. Investors who close smaller funds rarely leave a public paper trail of personal wealth, so outside estimates rely on old filings and reported trade outcomes.
Burry does not appear on the Forbes or Bloomberg billionaire lists, which suggests his wealth falls below the threshold those lists track.
Why the Estimate Is Uncertain
Fund managers who leave public markets typically leave a thinner data trail, since most of what outsiders know comes from mandatory filings rather than personal statements.
No Personal Financial Disclosures
Burry has never published a personal balance sheet. Everything written about his net worth is inferred from fund filings and reported deal outcomes, not confirmed personal accounting.
Scion's SEC Deregistration Ended Public Reporting
Scion Asset Management filed its last 13F with the Securities and Exchange Commission in early November 2025 and terminated its SEC registration on November 10, 2025.
Before that, its quarterly filings were the main public window into Burry's positions. Once a fund deregisters, that window closes, and outside observers lose the regular data point they relied on.
Last Known Regulatory Assets
Scion Asset Management reported approximately 155 million dollars in regulatory assets under management in a March 2025 filing.
This is one of the few hard figures tied to the fund before it shut down, though it reflects fund assets rather than Burry's personal net worth.
Where the Michael Burry Net Worth Estimate of 300 Million Comes From
The 300 million dollar estimate appears to be a rough midpoint drawn from Burry's reported subprime era profit and years of fund performance. It functions as a placeholder that sites repeat rather than a verified number.
A Note on Inflated Figures
Some pages circulating online cite a figure closer to 1.2 billion dollars. That number traces back to a single unverified aggregator listing and is not supported by any filing, interview, or independent report.
Readers should treat any single precise figure with caution, since the underlying data is not public.
Who Is Michael Burry?
Background and Education
Michael Burry was born June 19, 1971, in San Jose, California. He lost his left eye to retinoblastoma as a toddler and has worn a prosthetic since.
He studied economics and pre-med at the University of California, Los Angeles, then earned his medical degree from Vanderbilt University School of Medicine. He began a neurology residency at Stanford University Medical Center but did not complete it.
Path From Medicine to Investing
While in medical training, Burry spent his free time researching stocks and posting analysis on early online forums such as Silicon Investor and MSN Money.
His writing drew attention from institutional readers, which encouraged him to leave medicine and manage money full time.
A specialist moving into finance through self directed research rather than formal training is unusual but not unheard of among independent fund managers.
How Michael Burry Built His Wealth
Founding Scion Capital
Burry founded Scion Capital in late 2000 using personal savings, family loans, and inheritance funds.
The fund posted strong early returns during a period when broader markets were struggling after the dot-com collapse.
Building wealth through an unconventional, self funded route is not unique to Burry either, a pattern also seen in how entrepreneur Adrian Portelli made his money outside traditional finance channels.
The Subprime Mortgage Bet
Between 2005 and 2007, Burry examined mortgage documents in detail and concluded that many subprime loans were unlikely to hold up once adjustable rates reset.
He arranged credit default swaps with major banks to bet against mortgage backed securities, a position that drew skepticism for nearly two years before the housing market turned in 2007.
Reports place his personal profit at approximately 100 million dollars, with investor profits closer to 700 million dollars.
Closing Scion Capital and Launching Scion Asset Management
Burry closed Scion Capital in 2008 after returning gains to investors. He launched a new fund, Scion Asset Management, in 2013, shifting focus toward value oriented positions including gold, water rights, farmland, and technology holdings.
The GameStop Position
Starting in 2019, Scion accumulated a large stake in GameStop at a low cost basis, arguing the company was undervalued.
Burry had substantially reduced the position by late 2020, before the retail driven short squeeze in January 2021 pushed the stock to its highest levels.
Burry later said he sold weeks before the rally and had no idea what was coming, as reported by Yahoo Finance.
Michael Burry's Current Activities in 2026
Fund managers who step back from institutional money often shift toward direct-to-audience formats such as newsletters, trading regulatory scale for more control over income.
Shutting Down Scion Asset Management
Burry told investors in late October 2025 that their capital would be returned, and Scion's SEC registration formally ended on November 10, 2025.
He has since said he remains active in markets on his own account, according to Bloomberg.
Timeline of Deregistration
The fund's final 13F filing was submitted November 3, 2025, shortly before the registration was terminated a week later.
Put Options Against Nvidia and Palantir
That final filing disclosed put options tied to roughly five million Palantir shares and one million Nvidia shares, with a combined notional value near 1.1 billion dollars, data from Fortune shows.
Notional Value Versus Actual Risk
Notional value reflects the size of the underlying position, not the cash Burry put at risk. He has stated his Palantir puts cost approximately 9.2 million dollars in premiums, a small fraction of the headline notional figure. Headlines describing a billion dollar bet can overstate the capital exposed.
Additional Disclosed Positions
Through 2026, Burry used his newsletter to disclose further positions, including a short against Oracle, alongside continued arguments that several large technology companies were understating equipment depreciation.
Cassandra Unchained Newsletter
Burry launched a Substack newsletter, Cassandra Unchained, in late November 2025, shortly after closing Scion.
Subscription Pricing and Estimated Minimum Revenue
The publication charges 39 dollars per month or 379 dollars per year. Based on Substack's paid subscriber badge thresholds, the newsletter is estimated to generate at least 3.8 million dollars a year before platform fees, though the exact paying subscriber count is undisclosed.
Subscriber Count and What Remains Undisclosed
The newsletter reportedly passed 300,000 total subscribers in 2026. That figure includes free readers, so it does not indicate paying access, and any revenue estimate beyond the badge threshold remains speculative.
Is Michael Burry a Billionaire?
Based on currently available public information, no. Estimates place his net worth well below one billion dollars, and he does not appear on billionaire tracking lists maintained by Forbes or Bloomberg.
Public figures with similarly private finances, such as reality television personality Christine Quinn, whose net worth is also pieced together from indirect sources rather than personal disclosure, face the same estimation gap.
Assets and Real Estate
Real estate records are public in most US counties, making property purchases one of the few reliable data points for someone who otherwise discloses little about personal finances.
Known Property Holdings
California Residence
Burry and his wife purchased a mansion in Saratoga, California, in 2004 for approximately 3.8 million dollars.
Tennessee Residence
The couple also purchased a property in Nashville, Tennessee, in 2021 for approximately 2.55 million dollars.
Michael Burry in Popular Culture
The Big Short in Book and Film
Burry's subprime bet was chronicled in Michael Lewis's book "The Big Short" and adapted into the 2015 film of the same name, in which he was portrayed by Christian Bale.
The portrayal introduced Burry to a wider audience than his fund's investor base reached, which partly explains why public curiosity about his net worth persists years later.
Media coverage tends to inflate curiosity around any figure whose wealth is only partly documented, a dynamic that also shapes public estimates of Sonya Curry's net worth despite her not running a public company either.
Also Read: Adin Ross Net Worth
Net Worth Estimate Summary
|
Detail |
Figure |
|
Commonly cited net worth |
200 million to 350 million dollars |
|
Most frequently quoted estimate |
300 million dollars |
|
Reported personal profit, subprime trade |
approximately 100 million dollars |
|
Scion regulatory assets, March 2025 |
approximately 155 million dollars |
|
Nvidia and Palantir puts, notional value |
approximately 1.1 billion dollars |
|
Palantir puts, actual premium cost |
approximately 9.2 million dollars |
|
Newsletter minimum estimated annual revenue |
approximately 3.8 million dollars |
Conclusion
Michael Burry's net worth is best understood as an estimate, not a confirmed figure. Public data points to a range of 200 million to 350 million dollars, shaped by his subprime era profits, fund history, and newer income from options positions and his newsletter.
Also Read: Owen Hanson Net Worth
Frequently Asked Questions
Is Michael Burry a billionaire?
No. Public estimates place his net worth between 200 million and 350 million dollars, and he does not appear on the Forbes or Bloomberg billionaire lists as of 2026.
Why did Michael Burry shut down Scion Asset Management?
He returned investor capital in late 2025 and ended the fund's SEC registration on November 10, 2025, which removed its reporting requirements and let him focus on his newsletter.
What is Michael Burry shorting in 2026?
His disclosed positions include long dated put options against Nvidia and Palantir, along with a short position against Oracle announced through his newsletter.
How much does Cassandra Unchained cost?
The newsletter costs 39 dollars per month or 379 dollars per year, with a limited free tier and paid access to trade disclosures and longer essays.
Where does the 300 million dollar estimate come from?
It is a commonly repeated midpoint based on his reported subprime profits and years of fund activity, not a figure Burry has personally confirmed.
