Michael Burry net worth in 2026 is estimated between 200 million and 350 million dollars. The figure is not confirmed publicly and does not appear on major billionaire rankings, so it is best treated as an informed estimate rather than a verified total.
Burry is a physician turned hedge fund manager, known for betting against the U.S. housing market before the 2008 financial crisis. His story was told in Michael Lewis's book "The Big Short" and the film adaptation that followed.
Since closing his hedge fund in late 2025, his financial picture has shifted from fund management fees toward options positions and subscription publishing, which makes a single precise number harder to pin down than it was a decade ago.
Michael Burry Net Worth Range
Public estimates for Michael Burry net worth commonly fall between 200 million and 350 million dollars, with 300 million cited most often across financial media.
No court filing, tax record, or personal statement confirms an exact figure. Burry does not appear on the Forbes or Bloomberg billionaire lists, which track individuals with far higher confirmed wealth and more available disclosure.
In practice, wealth estimates for private fund managers are built from indirect signals, such as past trading profits, fund fee structures, and known business activity, rather than from a single audited source.
Readers researching net worth figures for hedge fund managers will often notice the same pattern, where outlets differ by tens of millions of dollars because they weigh these signals differently, a gap that shows up just as clearly when comparing estimates like blippi net worth 2024, where confirmed income sources are similarly limited.
Michael Burry Net Worth Sources and Limits
Burry has no ongoing obligation to disclose personal wealth. His hedge fund, Scion Asset Management, filed periodic reports with the Securities and Exchange Commission while it operated, but those filings covered fund assets and positions, not his personal balance sheet.
After the fund deregistered in November 2025, even that indirect source of information ended.
Is Michael Burry a Billionaire
Michael Burry is not a billionaire based on publicly available information. Estimates place his wealth in the hundreds of millions, not billions.
A figure above one billion dollars has circulated online but traces back to a single unverified source and is not supported by any regulatory filing or independent report.
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Who Is Michael Burry
Michael Burry was born on June 19, 1971, in San Jose, California. He lost his left eye to retinoblastoma, a rare childhood cancer, and has worn a prosthetic eye since.
He studied economics and pre-med at the University of California, Los Angeles, then earned a medical degree from Vanderbilt University School of Medicine.
He began a neurology residency at Stanford University Medical Center but left before completing it to pursue investing full time.
How Michael Burry Built His Wealth
Scion Capital and the Subprime Mortgage Bet
Burry founded Scion Capital in 2000 using personal savings, family loans, and a modest inheritance. The fund performed well during the early 2000s, including gains during the dot-com downturn when many funds lost money.
Starting around 2004 and 2005, Burry reviewed individual mortgage loan documents and concluded that subprime lending standards had deteriorated to the point of significant risk.
He arranged credit default swaps with major banks that would pay out if mortgage-backed securities failed.
The position took years to pay off and strained relationships with investors who questioned the strategy while the housing market kept rising.
When the market collapsed in 2007 and 2008, the trade reportedly generated around 100 million dollars for Burry personally and roughly 700 million dollars for his fund's investors. Scion Capital closed shortly afterward, with gains returned to investors.
Scion Asset Management
Burry launched a new fund, Scion Asset Management, in 2013, registered as an exempt reporting adviser.
The fund's focus broadened to include gold, water rights, farmland, and positions in large technology companies including Meta and Alphabet.
A March 2025 regulatory filing showed the fund managing approximately 155 million dollars in assets, a fraction of the amounts Burry oversaw earlier in his career.
GameStop Position
Between 2019 and 2020, Scion Asset Management accumulated roughly three million GameStop shares at a low average cost and pushed the company's board toward share buybacks.
Burry exited most of the position in late 2020, reportedly earning around 100 million dollars, before the stock's dramatic rise during the January 2021 retail trading surge, according to CNBC.
Analysts who study this period commonly note that Burry's exit came before the most extreme price movement, which limited his participation in the later spike.
What Michael Burry Is Doing Now
Scion Asset Management Shutdown
Burry returned outside investor capital in late 2025 and ended Scion Asset Management's registration with the Securities and Exchange Commission on November 10, 2025, according to Bloomberg. This ended the fund's regular disclosure requirements.
The AI Short
Scion's final regulatory filing, submitted November 3, 2025, disclosed put options against Nvidia and Palantir with a combined notional value near 1.1 billion dollars.
Notional value reflects the size of the underlying shares covered by the options, not the actual cash Burry risked.
Reported premium costs for the Palantir position were closer to 9.2 million dollars, a much smaller figure than the notional total suggests, as reported by Yahoo Finance.
Burry also raised concerns about how technology companies account for the depreciation of computing hardware, and later disclosed a short position against Oracle through his newsletter.
Through the first half of 2026, Palantir and Oracle shares had declined from their prior highs, while Nvidia traded closer to flat. These positions extend into 2027, so their final outcome is not yet settled.
Cassandra Unchained Newsletter
In late November 2025, Burry launched a paid newsletter called Cassandra Unchained, priced at 39 dollars per month or 379 dollars per year.
The publication grew to more than 300,000 subscribers by mid-2026 and became his main outlet for sharing trade disclosures and market commentary.
Substack's badge system indicates the newsletter has reached at least tens of thousands of paying subscribers, which would put a conservative revenue floor near 3.8 million dollars a year before platform fees.
Higher estimates that assume every subscriber pays the full annual rate are not confirmed. This kind of recurring, subscription-based revenue is also central to the online business ventures behind figures like iman gadzhi net worth, where audience size and disclosed earnings can diverge in similar ways.
Writers who track subscription-based publishing generally note that subscriber counts alone do not reveal actual revenue, since free tiers, discounts, and cancellations all affect the final number, much the same way it can be hard to know something like can you see who rewatched your snap story on Snapchat, where visibility into underlying activity is limited from the outside.
Net Worth Estimate Summary
|
Factor |
Reported Detail |
|
Estimated net worth range |
200 million to 350 million dollars |
|
Most cited figure |
300 million dollars |
|
2008 subprime trade profit |
approximately 100 million dollars personally |
|
GameStop exit profit |
approximately 100 million dollars |
|
Scion Asset Management AUM, March 2025 |
approximately 155 million dollars |
|
Newsletter revenue floor |
approximately 3.8 million dollars per year |
|
Billionaire status |
not confirmed, not listed on public wealth rankings |
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Conclusion
Michael Burry net worth remains an estimate in the low hundreds of millions, most often cited near 300 million dollars.
His income now depends on options positions and newsletter subscriptions rather than fund fees, and no new public filings are required going forward.
Questions fréquemment posées
Is Michael Burry a billionaire
No. Public estimates place his net worth between 200 million and 350 million dollars. He does not appear on the Forbes or Bloomberg billionaire lists, and a commonly cited 1.2 billion dollar figure is not supported by any verified source.
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, removing its reporting requirements so he could focus on independent publishing and personal trading.
What is Michael Burry shorting in 2026
His disclosed positions include long-dated put options against Nvidia and Palantir, first reported in November 2025, along with a later short position against Oracle disclosed 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 analysis.
How did Michael Burry make his early fortune
His most notable early gains came from betting against subprime mortgage bonds before the 2008 financial crisis, which reportedly earned him around 100 million dollars personally.
