Michael Burry Net Worth, Portfolio & Current Activities 2025

If you’ve watched The Big Short, you already know part of Michael Burry’s story: the eccentric doctor who saw the housing crash coming and bet big against the banks – but what’s less known is what happened after the credits rolled. Burry didn’t retire to a beach; he kept trading, writing, and puzzling the market, and this guide lays out his current net worth, portfolio moves, and what he’s saying now.

Peak net worth (before 2008): Approximately $100 million · Current net worth (estimated): $300 million · Scion Capital initial capital: $600,000 · Return in 2008 (fund): +489% · Years as active manager: 2000–2008, then sporadic

A few key facts anchor Burry’s story:

How much money did Michael Burry make?

Peak earnings from Scion Capital

• Burry’s hedge fund, Scion Capital, generated a cumulative return of over 400% between 2000 and 2008 (GuruFocus).
• His personal share of profits during that period is estimated at roughly $100 million (Stockcircle).

Compensation from his short on subprime mortgages

• The single biggest trade: a concentrated short position on subprime mortgage bonds via credit default swaps. When the housing market collapsed in 2008, Scion’s bets paid out massively (Scribd).
• Burry earned millions in management fees and performance allocations — standard 2-and-20 structure — on a fund that returned +489% in 2008 alone (GuruFocus).

The pattern: Burry’s success lies in his ability to find extreme value, not just one lucky bet.

Is Michael Burry a billionaire?

Current net worth estimates

• No — multiple sources estimate his net worth at roughly $300 million, far from the $1 billion threshold (Stockcircle).
• The same sources confirm he has never been officially classified as a billionaire (Stockcircle).

Comparison to other hedge fund billionaires

• Buffett, Dalio, and other macro hedge fund managers manage tens of billions. Burry’s disclosed 13F holdings in March 2025 totaled $199 million — a fraction of those giants (GuruFocus).
• He operates what appears to be a family office, not a multi-billion fund. For context on other wealth profiles, see our guide on Robert Kraft: Net Worth, Business, and Hall of Fame Snub.

What is Michael Burry doing now?

Substack (Cassandra Unchained)

• Burry launched a Substack newsletter titled “Cassandra Unchained” where he posts market commentary and personal takes (Stockcircle).
• His Substack is listed publicly as michaeljburry.substack.com.

His latest portfolio disclosures (13F filings)

• Scion Asset Management’s 13F filing for Q1 2025 (dated March 31, 2025) showed 7 holdings with a total market value of $199.00 million (GuruFocus).
• The top holding was The Estée Lauder Companies Inc. (excluding options) (GuruFocus).
• The portfolio had a turnover rate of just 3% (GuruFocus).

What this means: Burry’s public filings are only part of the picture, and his real moves may be more aggressive than they appear. For a broader market perspective, check our Bitcoin Price CAD Today guide.

How much is Michael Burry worth?

Net worth breakdown

• Approximately $300 million, according to estimates from portfolio trackers (Stockcircle).
• This includes fund assets, personal investments, and real estate — not all liquid.

Sources of wealth

• Primary source: hedge fund management fees and performance from Scion Capital (2000–2008).
• Subsequent gains from personal trading and public portfolio moves.

The implication: Burry’s wealth is concentrated in a few concentrated positions. He doesn’t charge management fees anymore — he trades his own book.

Has Michael Burry lost money?

Years of losses

• Yes — early years (2000–2003) were difficult. His fund lost money on tech bets that went wrong (Scribd).
• Later, in 2015–2017, his portfolio reportedly underperformed as value investing fell out of favor (GuruFocus).

Post-2008 performance

• Despite losses, Burry’s long-term track record beat the S&P 500 overall (GuruFocus).
• He closed his fund in 2010 to avoid institutional pressure, but continued to trade personally.

Timeline: Michael Burry’s career highlights

• 2000: Founds Scion Capital with $600,000; 2005: Begins shorting subprime mortgages; 2008: Scion returns +489% during crash; 2010: Closes fund to focus on personal investing; 2013: Featured in The Big Short film; 2021: Resurfaces with short bets on meme stocks; 2023: Starts Substack “Cassandra Unchained” (GuruFocus (investment data provider))

The pattern: Burry’s career is defined by long periods of quiet research punctuated by high-conviction bets.

What we know — and what we don’t

The balance: While much about Burry remains private, the public data shows a focused contrarian.

Voices on Michael Burry

“I am a value investor. I buy something that is selling for less than it is worth and hope that eventually the market will realize the value.”

— Michael Burry, via Substack (shared on Stockcircle)

“Burry is famous for one big bet, but his real skill is finding deep value in unloved companies — he just happened to time the housing crash perfectly.”

— Reddit user r/AskEconomics (via Scribd)

“He is a contrarian who does not follow the herd. That is why his portfolio often includes positions others are selling.”

— GuruFocus analyst note

The consensus: Burry’s reputation as a savvy value investor persists, though his methods are unconventional.

Michael Burry has moved from legend to active participant. He still trades, still writes, and still files public disclosures. For the investor who tracks value signals, the implication is clear: watch his 13F filings and Substack posts — or risk missing the next turn in the cycle.

Frequently asked questions

The takeaway: Burry’s story offers lessons in patience and conviction.