how much did michael burry make in 2008
Michael Burry personally made about 100 million dollars , while his fund Scion Capital made roughly 725 million dollars from the trade associated with the 2008 housing crash (profits actually crystallized mostly by midâ2007, but they are widely linked to â2008â in popular discussion).
Quick Scoop
- Scion Capitalâs mortgage short generated about 725 million dollars in profit for investors.
- Burryâs personal cut was around 100 million dollars from these trades.
- The trade was built through credit default swaps (CDS) on subprime mortgageâbacked securities starting around 2005.
- Most of the gains were effectively realized by 2007 , but the windfall is commonly described as what he âmade in 2008â because of the timing of the broader financial crisis and media coverage.
What âin 2008â Really Means
When people ask âhow much did Michael Burry make in 2008?â , they are usually referring to:
- His total haul from the famous âBig Shortâ trade , not literally only income booked in the calendar year 2008.
- Public and biographical sources consistently describe the result as about 100 million dollars for Burry personally and 725 million dollars for his investors.
In other words, the number everyone quotes for â2008â is really the payoff from a multiâyear bet that came good right as the global financial crisis unfolded.
Mini timeline
- 2005â2006 â Burry structures large CDS positions against subprime mortgage bonds in Scion Capital.
- 2007 â As mortgage defaults accelerate, the value of those CDS positions explodes, locking in most of the eventual profit.
- 2008 â The crisis is in full swing; the episode becomes legendary, and the winnings are popularly tied to âthe 2008 crash,â even though the accounting timing is a bit earlier.
Forum and âlatest newsâ flavor
- Recent finance explainers and news pieces still repeat the same core figures: 100 million dollars for Burry, 725 million dollars for his investors from the preâcrisis mortgage short.
- Online forums sometimes quote higher or rounded numbers (like â700+ millionâ or âover 700 millionâ for the fund) but they are talking about the fundâlevel gain , not Burryâs personal paycheck.
So, for the purpose of your keyword âhow much did Michael Burry make in 2008â :
- The widely accepted answer is about 100 million dollars personally , and
- About 725 million dollars in profit for his fund Scion Capital tied to the 2008 housingâcrash trade.
Information gathered from public forums or data available on the internet and portrayed here.