Michael Burry Net Worth: What Is Actually Known in 2026
Michael Burry net worth is commonly estimated between 200 million and 350 million dollars, with 300 million cited most often.
He has never confirmed a figure, and he does not appear on the Forbes or Bloomberg billionaire lists.
Why the Estimate Is a Range, Not a Number
Burry has no personal financial disclosure requirement. What exists publicly comes from regulatory filings tied to his former hedge fund, media reporting on specific trades, and his own public statements, none of which add up to a verified personal balance sheet.
In practice, this is common for hedge fund managers who operate through smaller, exempt reporting advisers rather than large registered funds.
Their trading positions become visible through periodic filings, but their personal accounts, taxes, and holdings outside the fund generally do not.
This same gap between public profile and confirmed wealth shows up often in coverage of other public figures' finances, including estimates like drew findling net worth.
Michael Burry Net Worth: What Counts as Confirmed
A small number of facts are documented rather than estimated. Scion Asset Management reported about 155 million dollars in regulatory assets in a March 2025 filing.
The firm terminated its SEC registration in November 2025, ending its obligation to disclose quarterly positions, as reported by Bloomberg. Its final 13F filing showed put options tied to Nvidia and Palantir with a combined notional value near 1.1 billion dollars.
What Remains Estimated
Notional value is not the same as money at risk. Reporting has placed the actual premium spent on the Palantir puts at roughly 9.2 million dollars, a fraction of the headline figure attached to the position, according to Yahoo Finance.
Personal profit from the 2008 subprime trade is widely reported at around 100 million dollars, but this comes from journalism and later interviews rather than a filed disclosure.
Anyone reading net worth figures tied to options trading should treat notional exposure and actual cost as two different things, since headlines tend to lead with the larger number.
How Michael Burry Built His Wealth
Career biographies like this one tend to compress years of research and setbacks into a few paragraphs, which can make a single trade look more sudden than it was.
Investors who study Burry's record generally point out that the subprime position took years of unrealized losses before it worked, a detail often left out of shorter summaries.
Early Career and the Subprime Bet
Burry trained as a physician, earning a medical degree from Vanderbilt University School of Medicine after studying economics and pre-med at UCLA.
He left a neurology residency at Stanford to pursue investing full time, having built a following through stock analysis he posted online during medical training. In 2000 he founded Scion Capital using savings, family loans, and a modest inheritance.
Between 2005 and 2007, Burry researched mortgage-backed securities in detail and concluded that many were built on loans unlikely to perform. He arranged credit default swaps with major banks that would pay out if those securities failed.
The position required years of sustained losses before the housing market turned in 2007, at which point the trade paid off for both his fund and for him personally.
This period is documented in financial journalism and in Michael Lewis's book on the crisis, and it remains the best sourced part of his financial history.
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Scion Asset Management and GameStop
Burry closed Scion Capital in 2008 and returned in 2013 with Scion Asset Management, a smaller fund that filed as an exempt reporting adviser.
Its most publicly discussed position was GameStop, where the fund built a stake of roughly three million shares starting in 2019 at a low average cost, then exited in late 2020 before the stock's 2021 short squeeze.
Reported profit from that trade is around 100 million dollars, again based on media estimates rather than a formal accounting disclosure.
What Michael Burry Is Doing in 2026
The Nvidia and Palantir Positions
Burry's final 13F filing before deregistration disclosed put options against Nvidia and Palantir.
He has argued publicly that several large technology companies have understated equipment depreciation in a way that flatters near term earnings, a thesis tied directly to these positions, as covered by CNBC. Palantir's chief executive publicly disputed Burry's framing of the filing.
As of mid-2026, Palantir has traded well below Burry's disclosed entry level, while Nvidia has moved in a narrower range that has not yet validated the bet.
Cassandra Unchained
After deregistering Scion, Burry launched a paid newsletter called Cassandra Unchained, which passed 300,000 subscribers within its first eight months. It costs 39 dollars a month or 379 dollars a year.
Public reporting has floated income estimates in the hundreds of millions based on the full subscriber count paying the annual rate, but the actual number of paying subscribers has not been disclosed.
A more conservative floor, based on the newsletter's paid subscriber badge threshold, points to a minimum of several million dollars a year before platform fees.
Independent newsletter writers with large but not fully disclosed subscriber bases commonly see this same gap between headline audience size and confirmed revenue, a pattern that also comes up in disputed estimates like kat timpf net worth, where public visibility outpaces verified figures.
Is Michael Burry a Billionaire
No confirmed source supports that claim. A figure above one billion dollars circulates in some articles, but it traces back to a single uncorroborated source rather than a filing, an interview, or independent reporting that other outlets have verified.
The 200 to 350 million dollar range is what most fact checked coverage supports. Readers researching any private individual's wealth commonly run into this same pattern, where one high round number spreads across low quality sites long after better sourced reporting has settled on a lower, more cautious range.
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Michael Burry Net Worth by Estimate Source
Source type | Estimated figure | Basis |
General media aggregators | 200 million | Older estimate, predates 2025 fund closure |
Most frequently cited figure | 300 million | Commonly repeated across finance sites |
Higher end estimate | 350 million | Upper bound in ranged estimates |
Unverified single source | 1.2 billion | Not corroborated elsewhere, treated as unreliable |
Conclusion
Michael Burry net worth sits somewhere between 200 million and 350 million dollars based on available reporting, with no public filing confirming an exact figure.
His income now depends on options positions and newsletter subscriptions rather than fund management fees.
Frequently Asked Questions
Is Michael Burry a billionaire
No. Estimates place his net worth between 200 million and 350 million dollars. He does not appear on the Forbes or Bloomberg billionaire rankings, and the one billion dollar figure sometimes cited online is not independently confirmed.
Why did Michael Burry shut down Scion Asset Management
He returned investor capital in late 2025 and ended the fund's SEC registration in November 2025. He has said he wanted to publish his research independently rather than manage outside money.
What is Michael Burry shorting in 2026
His disclosed positions include put options against Nvidia and Palantir from his final 13F filing, plus a later short position against Oracle announced through his newsletter rather than a regulatory filing.
How much does Cassandra Unchained cost
The newsletter costs 39 dollars a month or 379 dollars a year, with a free tier offering limited content and paid access covering trade disclosures and longer research posts.
Does Michael Burry own Bitcoin
There is no public record of him owning cryptocurrency. He has described Bitcoin as behaving like a leveraged risk asset rather than a hedge, and has warned about downside risk in the sector.