Michael Burry net worth is generally estimated at around 300 million dollars, with published figures ranging from 200 million to 350 million dollars.
He has never confirmed the number himself, and no personal financial disclosure exists to verify it.
What Is Michael Burry Net Worth
The 300 million dollar figure is the most commonly cited estimate for Michael Burry net worth, but it should be read as an approximation rather than a confirmed amount.
Burry does not appear on the Forbes or Bloomberg billionaire lists, and he has not published a personal net worth statement.
Financial writers and research sites arrive at their estimates by combining his known trading history, his fund's past regulatory filings, and public statements he has made about specific positions.
In practice, this is how most net worth figures for private individuals are built, through inference rather than direct disclosure, which is why the range stays wide.
Estimates like this function much like an in-depth review of publicly available data rather than a confirmed audit.
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Is Michael Burry a Billionaire
Michael Burry is not a billionaire based on publicly available information. Some of the confusion comes from headlines describing his options positions in the hundreds of millions or over a billion dollars.
Those figures usually refer to notional value, meaning the total value of the assets an option contract covers, not the amount of money Burry actually spent or could lose.
A single options contract can control a large notional position while costing a small fraction of that amount in premium.
Readers who skim headlines without this distinction often walk away with an inflated sense of his personal wealth.
How Michael Burry Built His Wealth
Early Career and Background
Burry trained as a physician, earning a medical degree from Vanderbilt University School of Medicine after studying economics and pre-med at UCLA. He began a neurology residency at Stanford but left before completing it to pursue investing full time.
During his medical training, he wrote detailed stock analysis on early internet forums, which built a following among individual and institutional readers.
In 2000, he used a personal inheritance and loans from family members to start Scion Capital, applying value investing principles drawn from Benjamin Graham.
The Subprime Mortgage Bet
Starting around 2005, Burry examined mortgage bond documents and concluded that many subprime loans were likely to default once introductory interest rates reset. He arranged credit default swaps with major banks, effectively betting against mortgage backed securities.
The position required him to pay ongoing premiums for roughly two years while the housing market kept rising, which strained his relationship with fund investors.
When the market collapsed in 2007 and 2008, the trade is widely reported to have generated about 100 million dollars personally and roughly 700 million dollars for his fund's investors.
These figures come from public reporting at the time and have not been independently audited by any outside body.
Scion Asset Management
After closing Scion Capital in 2008, Burry launched Scion Asset Management in 2013. Regulatory filings from March 2025 listed the fund at approximately 155 million dollars in assets under management, a modest figure compared to his public profile.
The fund's best known holding from this period was GameStop, which Burry began accumulating in 2019 at prices near 4 dollars per share.
He exited most of the position in 2020, ahead of the 2021 short squeeze that later drove the stock's price sharply higher.
Scion terminated its SEC registration in November 2025, a change confirmed by an SEC filing reported by Bloomberg, which also noted Burry's statement that he remained active in markets despite the fund's closure.
The 2025 and 2026 AI Short Positions
In late 2025, Scion's final regulatory filing disclosed put options against Nvidia and Palantir, with a combined notional value near 1.1 billion dollars.
According to reporting from Fortune, the filing showed put options tied to roughly five million Palantir shares and one million Nvidia shares, a disclosure that prompted a public rebuttal from Palantir's chief executive.
Burry later stated that the premium cost for the Palantir puts alone was about 9.2 million dollars, which is a far smaller number than the notional figure widely quoted in news coverage.
This is a common pattern among smaller funds once a manager decides to stop taking outside capital, since deregistration removes reporting obligations that only apply to registered advisers.
Readers tracking the latest updates on his positions generally rely on his own disclosures rather than third party estimates.
Current Sources of Income
Options Positions
Burry's remaining public market exposure includes long dated put options tied to companies in the artificial intelligence sector.
Because these are derivative positions rather than direct stock ownership, their value moves with both the underlying share price and the time remaining before expiration, which makes short term paper gains or losses a poor indicator of his overall financial position.
As reported by Fool.com, market reaction to these disclosures has at times moved share prices for the underlying companies within a single trading session, underscoring how closely his filings are watched relative to the modest size of his fund.
Cassandra Unchained Newsletter
Since closing Scion, Burry has published a subscription newsletter called Cassandra Unchained on Substack.
It costs 39 dollars per month or 379 dollars per year, a pricing structure not unlike how travel and subscription services often use discount codes to encourage annual signups over monthly ones. The newsletter had surpassed 300,000 subscribers within its first several months.
The number of paying subscribers has not been disclosed, so any revenue estimate is necessarily a floor calculation rather than a confirmed figure.
Newsletter based income has become a more visible business model for independent financial commentators generally, since it does not depend on assets under management or investor fees.
What Is Known Versus Estimated
|
Category |
Status |
|
Net worth figure (200 to 350 million range) |
Estimated, not confirmed |
|
Subprime trade profit (approximately 100 million personally) |
Publicly reported at the time |
|
Scion Asset Management assets (155 million, March 2025) |
Confirmed by regulatory filing |
|
Nvidia and Palantir options notional value (1.1 billion) |
Confirmed by regulatory filing |
|
Palantir puts premium cost (9.2 million) |
Stated directly by Burry |
|
Cassandra Unchained subscriber count (300,000 plus) |
Reported, paid subscriber count undisclosed |
|
Newsletter annual revenue |
Estimated, no confirmed figure available |
Does Michael Burry Hold Any Digital Assets
Burry has not disclosed ownership of cryptocurrency and has spoken critically of it in public comments.
For readers comparing how digital holdings are typically tracked and secured, general resources on crypto wallets explain the mechanics separate from any specific investor's holdings.
Conclusion
Michael Burry net worth is best understood as a range, roughly 200 to 350 million dollars, built from past trading results and current filings rather than a disclosed total. His income now comes primarily from personal options positions and newsletter subscriptions.
Frequently Asked Questions
How much is Michael Burry net worth
Estimates place Michael Burry net worth between 200 million and 350 million dollars, with 300 million cited most often. He has not confirmed this figure, and no personal financial disclosure exists to verify it.
Is Michael Burry a billionaire
No. He does not appear on the Forbes or Bloomberg billionaire lists. Reports of billion dollar exposure typically describe the notional value of his options contracts, not his personal wealth.
Why did Michael Burry close Scion Asset Management
Burry returned investor capital and ended Scion's SEC registration in November 2025. This removed the fund's regulatory filing requirements and allowed him to focus on independent publishing through his newsletter.
What is Michael Burry investing in now
His known public positions include long dated put options against Nvidia and Palantir, disclosed in Scion's final regulatory filing. He also writes about individual trade ideas through his Cassandra Unchained newsletter.
Does Michael Burry own Bitcoin
There is no public record of Burry owning Bitcoin. He has spoken critically of the asset in public comments, comparing its price behavior to a speculative asset rather than a stable store of value.
