However, given the turbulence of todays financial markets, its important to note that Mr. Burrys net worth likely varies widely according to the market cycle. The firm manages more than $20 billion in assets and is known for its $6.1 Tesla is currently delayed in producing and delivering its updated versions of its high-end sedan and SUV, the Model S and X, respectively. He has held leadership and executive positions of increasing responsibility since joining Quaker in 1998, including Senior Vice President and Managing DirectorNorth America from January 2006 to October 2008; Senior Vice President and Global Industry LeaderMetalworking and Coatings from July to December 2005; Vice President and Global Industry LeaderIndustrial Metalworking and Coatings from January 2004 to June 2005; and Vice President and Chief Financial Officer from 1998 to August 2004. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. In summary, during the past 3 months, insiders sold 2,000 shares of Quaker Houghton (KWR) in total and bought 0 shares, with a net Michael Burry expanded his US stock portfolio from a single holding to six last quarter. also The lions share of Michael Burrys wealth derives from the SEC filings of Scion Asset Management, the investment firm that he owns. The movie was titled The Big Short and it was nominated for a Golden Globe Award. It has sold these to other automakers, notably FCA (now Stellantis) when they needed credits to offset their own carbon footprint. of 0 shares. His son was diagnosed with Asperger syndrome; after reading up on the disorder, Burry believes he might have it himself. 10 percent owner M. Kingdon Offshore Master Fund L.p. Michael Burry of 'The Big Short' is betting against Tesla, Bitcoin falls after Tesla stops accepting the cryptocurrency as payment, The most heavily shorted stocks on Wall Street include three electric vehicle-related names, Shares of this Swedish EV maker could nearly double, Cantor Fitzgerald says. You can see the complete history of Mr. Barry stock trades at the bottom of the page. 2004-2023 GuruFocus.com, LLC. During the past 18 months, 5,000,000 shares of Applied Minerals Inc (AMNL) were sold and 5,000,000 shares were bought by its insiders, resulting in a net Michael Burry is an American physician, investor and hedge fund manager who has a net worth of $300 million. Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission (SEC) filings, we can conclude with a high degree of confidence that his true net worth is close to this mark. Credible publications, such as Yahoo Finance, have previously reported Michael Burrys net worth as $300M. of 88,806 shares. and All Rights Reserved. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The most active traders at the company are He seemed to know what to bet on and what not to. Filings disclosed by Burrys hedge fund Scion Asset Management on Tuesday reveal the hedge funder, who made millions shorting subprime mortgages during the 2008 crisis and was dramatized in The Big Short, sold 1.7 million GameStop shares in the fourth quarter, exiting a position in the company that once stood at 5.3% of the company. sale Mr. Barry owns over 700 units of Quaker Houghton stock worth When the housing market collapsed in late 2007, his move proved to be extremely profitable. Other recent insider transactions involving Rogers Corp (ROG) include We were curious so we looked into his past career activities to try to learn how he became so incredibly wealthy and here is what we discovered. of 6,056 shares made by Dieter Laininger CHWY Select a Column Field to add to the results, Refer a Friend and Earn One Month of Free Membership. and Given Dr Michael Burrys incredible credentials, many people wonder: what is Michael Burrys net worth? The S&P 500 fell again the next year while Burry once again was up. Burry had a bigger part as one of the subjects of Michael Lewis' 2010 non-fiction book "The Big Short: Inside the Doomsday Machine," which chronicled the build-up to the housing bubble collapse and covered the main players who profited from it by betting against the market. of 16,000. Macron Slips Up - Taiwan Divides The West? In summary, during the past 3 months, insiders sold 0 shares of Rogers Corp (ROG) in total and bought 0 shares, with a net In 2000, Burry founded the Scion Capital hedge fund. of 3,083 shares made by Robert C Daigle the Director of Livent Corp and owns about 28,959 shares of Livent Corp (LTHM) stock worth over $632,754. Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. Kors reached billionaire status in 2014, but most recent estimates put him closer to a net worth of $600 million today. Chief Accounting Officer Nicholas Pfeiffer He is one of the few who saw the crisis coming and placed his bet against the banks. Burrys firm owns over 1.1 million shares worth over $46 million. Quaker Houghton (KWR)'s detailed insider trading history can be found in Insider Trading Tracker table. Click here to see the complete history of Michael Barrys form 4 insider trades. Sign up for your daily digest of New Jersey News. Most notably, Burrys firm purchased credit default swaps from Goldman Sachs that were positioned against subprime mortgage deals. of 68,035 shares. Using fundamental analysis techniques learned from Benjamin Graham and David Dodd, Dr. Burry was able to identify stocks that were overpriced relative to their intrinsic value. the Director of Quaker Houghton and owns about 90,126 shares of Quaker Houghton (KWR) stock worth over $17 Million. The multimillionaire investors of tomorrow will do the same, by finding value in emerging assets where others are afraid to go. he decided to change careers when he was so close to the finish line in medicine. 26,000 shares on October 15, 2018, which of 985 shares. The oldest executive at Quaker Houghton is JosephMatrange, 75, who is the Vice President and Global Leader Coatings. stocks. All Rights Reserved. @michaeljburry The S&P 500 index has rebounded strongly from the pandemic crash in the spring of 2020, rising from a low of 2,192 points to around 3,800 points today. By all accounts, Dr. Michael Burry is skeptical of cryptocurrencys inherent value but nonetheless embraces the technology as an investment. Your California Privacy Rights/Privacy Policy. (Learn more). WebBarry Financial.net, Michael F. Barry, New York Life, Walpole, MA Over the past 18 months, He obtained the startup money to fund the operation from his mother and father. He. Musk, a proponent of cryptocurrency generally, announced last week that Tesla was indefinitely suspending the acceptance of bitcoin as a payment for cars, saying he was concerned by the "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." He recovered fully from the frightening event and took an interest in medicine. Oh, yeah, he also happens to be a licensed medical doctor. Moreover, Scion Capital had returns of 489.34% between 2000 and 2008. Given that Scion Asset Management, his highly exclusive hedge fund, had $2 billion in assets under management as of Q2 2021. sale Wealth Manager. In the fourth quarter, GameStop traded between $10 a share and $20, over five times Burrys cost at their highs. Use of this website is subject to its Terms of Use | Privacy Policy | Your California Privacy Rights/Privacy Policy | Do Not Sell My Info/Cookie Policy. The performance of stocks bought by Michael F Barry within 3 months outperforms 0 times out of 1 transactions in total compared to the return of S&P 500 within the same period. Enjoy a 7-Day Free Trial Thru May 08, 2023! Forbes once listed his personal worth at $1.3 billion. In the first quarter of 2021, Tesla reported $518 million in sales of regulatory credits, which Elon Musk's company generally receives from government programs to support renewable energy. . SVP & CIDO Dhruwa N Rai Michael F Barry around $60,021. After studying economics and pre-medical sciences at UCLA, he went on to obtain his M.D. Gilberto Antoniazzi, Vice President and CFO, Michael Burrys contrarian investing strategy proved successful throughout the first decade of the 2000s, as he capitalized on the instability of internet companies and the subprime lending market. The book was adapted into a 2015 film directed by Adam McKay and starring Brad Pitt, Ryan Gosling, Steve Carell, and Christian Bale as Burry. We also use third-party cookies that help us analyze and understand how you use this website. . The GameStop play helped set off one of the wackiest and most out of control trades in financial history, which minted billions of dollars in paper profits for some investors, including many amateur speculators, and caused big losses for some of the worlds most sophisticated hedge funds. Co-owners of Ironstate Development Co. the Barrys have brought transformative thinking to neighborhoods in cities like Hoboken, Jersey City, Harrison and Montclair. Did GameStop Cost Michael Jordan $500 Million? Although not without their risks, digital assets like Bitcoin and Ethereum may hold a tremendous instrumental value that isnt yet reflected in their market prices. He did so well with his stock picks that he garnered the attention of companies such as White Mountains Insurance Group and Vanguard, as well as major investors such as Joel Greenblatt. of 1,502 shares made by Gouveia Randall Colin Burry resides in Saratoga, California with his wife and son. . Michael Burry is an American physician, investor and hedge fund manager who has a net worth of $300 million. Wealth Manager. Burry was one of the first investors to call and profit from the subprime mortgage crisis. 3 insider transaction in Quaker Houghton (KWR) with a net Investor Dr Michael Burry has a personal net worth of about $300 million.Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission (SEC) filings, we can conclude with a high degree of confidence that his true net worth is close to this mark.. Within 12 months the fund gained just under 12 percent. Tesla has had a turbulent 2021 amid slumping sales in China in April, and parts shortages that have impeded production both in the U.S. and China. GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth, Burry told the company after disclosing his position. Past performance is a poor indicator of future performance. AMZN All rights reserved. By the end of 2004, he was managing around $600 million. Unlike many other successful investors, Dr Michael Burry is not a public personality. . Burrys fame spread so rapidly that there was a short non-fiction book written about his life that was followed up with the film about his life, both titled The Big Short, which tells his incredible story that happens to be true. These assets are important elements in the investors diversification strategy and play a key role in his investing success and risk management practices. Others jumped in. In a Jan 26 tweet, Burry called the squeeze unnatural, insane and dangerous. He added, there should be legal and regulatory repercussions from the trading. of 3,000 shares made by Peter C Wallace and , bought 10% of GameStop, and joined its board in the fall, hoping to bolster its digital platform. He had a passion for healing and an interest in the medical profession. Oh, yeah, he also happens to be a licensed medical doctor. Details can be seen in Michael F Barry's Latest Holdings Summary section. Other key executives at Quaker Houghton include Majority of the revenue is earned from America. purchase of 85,171 shares made by Paul W Graves Webliquid net worth in the fund, and as a group is among Samlyns top five investors. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. Some people come away from Sin City with their fortunes in ruins; others come away with them made. Do your due diligence and speak to your financial advisor before making any investment decision. or Amazon Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be. All Rights Reserved. The film received widespread acclaim, receiving five Academy Award nominations and a win for Best Adapted Screenplay. Based on ownership reports from SEC filings, as the reporting owner, Michael F Barry owns 3 companies in total, including Investor and physician Dr Michael Burry built his fortune by beating the market when the market was beating everyone else. Starwood Capital, its affiliates and externally managed public companies encompass approximately 5,000 employees. After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group. During the period before the real estate market burst, Scion had to make regular payments to cover his swaps. Michael has made over 28 trades of the Quaker Houghton stock since 2011, according to the Form 4 filled with the SEC. he continued to make personal investments that have delivered high returns on investments. Burrys firm owns over 1.1 million shares worth over $46 million. As of March 31, Burry owned 8,001 put contracts, with unknown value, strike price, or expiry, according to the filing. Gilberto Antoniazzi who sold, In the last 4 years, insiders at Livent Corp have sold an estimated value of, Mailing address is One Quaker Park 901 Hector St Conshohochen PA 19428 PA. acquisition Its also public knowledge that Michael Burry owns puts on at least 800,000 Tesla (TSLA) shares, which alone are. sale The information on this site is in no way guaranteed for completeness, accuracy or in any other way. This experience and thinking is exemplified in their current venture, Urby, a modern apartment brand that reimagines the residential experience for people living in and around cities, extending the urban fabric and lifestyle in new and imaginative ways. An earlier version misstated the number of put contracts Burry purchased. By the end of 2004, Scion had grown by 50 percent which was the equivalent of $600 million. According to Vermont Republic, Michael was born in San Jose, California in June of 1971. Michael had dabbled in investments and even made it a hobby while at UCLA. This investment adviser does not provide advice to individual investors. of 0 shares. In addition, he makes $7,192,080 as Chairman of the Board, President, and Chief Executive Officer at Quaker Houghton. Mr. Barry currently serves as a director of Rogers Corporation. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. , In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Burry became widely-known as the founder of Scion By the early 2000s, Burry was able to leave his residency position to become a hedge fund manager full-time. Michael F Barry brought Burry was eventually correct and his fund ultimately earned $700 million for his investors. At its peak, Burrys position Burrys in GameStop amounted to 3.4 million shares or 5.3% of the ailing video game retailer, purchased at prices between $2 and $4.20 a share. Michael F. Barry is Chairman of the Board, President, Chief Executive Officer of Quaker Chemical Corporation. This investment adviser does not provide advice to individual investors. Today, cryptocurrencies pose some of the greatest upside potentials of any asset class. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Net Worth $200 Million Ethnicity White Height N/A Education Vanderbilt University The one who doesn't fall is not the winner, but a winner is a person, who Does Michael Burry Invest in Alternative Assets? Michael Burrys contrarian investing strategy proved successful throughout the first decade of the 2000s, as he capitalized on the instability of internet companies and the subprime lending market. First Republic Investment Management. Ryan Cohen,the founder of online pet food seller Chewy In an April 2010 op-ed piece for The New York Times Burry argued that anyone who carefully studied the financial markets from 2003 to 2005 could have easily recognized the risk in the subprime markets. He has few strong social connections, and he isnt a media darling. Also known as Uncle Si, Robertson has become a wealthy man since he began, Read More How Si Robertson Achieved a Net Worth of $8 MillionContinue, Las Vegas can make and break people in seconds. While he was making payments toward his credit default swaps, Burry experienced a revolt among his investors, many of whom became nervous that his predictions would prove inaccurate. Correction: Michael Burry is long puts against 800,100 shares of Tesla, according to a filing with the SEC. Shes a talented actor who, Read More How Melissa Rauch Achieved a Net Worth of $20 MillionContinue, Si Robertson is an Army veteran and retired duck-call maker who has become a television personality appearing in various television series. More than a decade later, he has tripled his net worth and continues to stockpile the cash annually, according to Bustle. David has been a significant investor in a wide-range of innovative companies and lifestyle-oriented brands, including Peloton, Rumble, Catch, Standard Hotels, Chiltern Firehouse and The Newsstand to name a few. There are 8 older and 22 younger executives at Quaker Houghton. By 2004 he had more than $600 million worth of assets under management. Over the past 18 months, A film was made about his remarkable achievement, starring British film actor Christian Bale playing the role of Dr. Michael Burry. Ironstate and joint venture partner Brookfield are also developing a new mixed-use project in downtown Montclair that should energize a swath of Bloomfield Avenue and bolster the Essex County towns reputation as a cultural, dining and shopping destination. It turns out Burry was entirely out of GameStop by then. He is still famous for the brilliant move that earned him a fortune. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. GameStops ascent into meme stock stardom began in the summer of 2019 when Burry uncovered his next great trade in the ailing video game retailer. Michael Burry is long puts against 800,100 shares of Tesla or $534 million by the end of the first quarter, according to a filing with the U.S. Securities and Exchange Commission. GameStop entered 2021 as one of the most shorted stocks in the world, though positive changes were afoot inside the company as online sales surged and customers lined up outside its stores to buy new PlayStation consoles. Burry has been written about and depicted in books and on film. Other transactions such as conversion of derivative security or exercise of options are not included. Michael F Barry made WebMichael Barry net worth is $1.7 Million Michael Barry Wiki: Salary, Married, Wedding, Spouse, Family Michael Barry is an actor, known for Honor and Glory (1993). After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group. and Besides his "Big Short," Burry made a killing from a long GameStop position recently as the Reddit favorite made Wall Street history with its massive short squeeze. a net Burry actually went to Goldman Sachs and persuaded the financial firm to sell him "credit default swaps" that bet against subprime deals. We may earn money from products reviewed. Over the next six months he reduced his position down to 1.7 million shares. Savvy investors would be wise to get in now, before institutional capital piles in in the years to come. (It appears he later deleted the tweet). Using his own analysis of mortgage lending practices over the previous two years, he correctly foresaw that the real estate bubble would collapse within as early as 2007. Although he doesn't practice, Burry has kept his license active with the Medical Board of California. , Investor Dr Michael Burry has a personal net worth of about $300 million. Another infamous Burry bet has been video game retailer GameStop. Fundamental company data provided by Morningstar, updated daily. Burry, however, seems to have been investing on valuation and fundamentals, instead of a squeeze organized on social media by an army of investors with diamond hands., GameStops Massive Surge Creates A New Billionaire As Reddit Traders Bet Against Wall Street, How GameStop And An Army Of Reddit Traders Broke The Markets, This is a BETA experience. He generated returns of 55% in his first full year, 2001, at a time when the S&P 500 fell nearly 12%. Michael Barry usually trades in May, with the busiest year in 2021, 2018, 2019, 2022 and 2020. WebRich List 2022 is our definitive guide to the wealth of the UKs richest people. In January 2021, GameStop's share price skyrocketed thanks largely to a coordinated effort of Reddit users. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. His current estimated net worth is $300 million as of April of 2021. In 2021, GameStop became a sensation on Reddit threads like r/WallStreetBets. These 3 Tech Giants Are Next. Dr. Michael Burry is an American sale a net Applied Minerals Inc (AMNL)'s detailed insider trading history can be found in Insider Trading Tracker table. The complacency was exploited by the Reddit army, to devastating effect. During the past 18 months, 4,985 shares of Rogers Corp (ROG) were sold and 4,000 shares were bought by its insiders, resulting in a net Later, he enrolled at the University of California, Los Angeles, where he studied economics and pre-med. a net His reputation for generous impressive returns during market downturns made Michael Burry famous for short selling. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. For Burry, the squeeze could have made him over $1 billion at certain points of January. Market is putting this one right in your hands, said Burry. We welcome all corrections and feedback using the button below. You may opt-out by, Photographer: Tiffany Hagler-Geard/Bloomberg, Turkeys Crucial Election Could Mean The End Of Erdogan Era, Shockwaves In Swiss Banking Following Credit Suisse Collapse. Although not without their risks, digital assets like Bitcoin and Ethereum may hold a tremendous instrumental value that isnt yet reflected in their market prices. Bale was also nominated for Best Supporting Actor for his portrayal of Burry. By April of 2008, Burry had liquidated his credit default swap shorts, and so did not benefit from the 2008 and 2009 economic bailouts. In total, Michael Barry has made about 5 transactions over 4 years of their time at Livent Corp. Other recent insider transactions involving Quaker Houghton (KWR) include After completing his courses there he transferred to Vanderbilt University School of Medicine, earning his M.D. There are no executives at Quaker Houghton getting paid more. . Burry has said that his investment style is based on the 1934 book "Security Analysis," and that all of his stock picking is entirely rooted in the concept of margin of safety. . as well as other partner offers and accept our, Securities and Exchange Commission filing. Michel continues to do what he loves for a living, and it seems that the money just keeps piling up in his accounts. As somewhat of a reclusive persona, Dr. Burry has built his net worth simply by investing wisely, rather than making a spectacle of himself. As the Chairman of the Board, President, and Chief Executive Officer of Quaker Houghton, the total compensation of Michael Barry at Quaker Houghton is $7,192,080. sale Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission (SEC) filings, we can conclude with a. that his true net worth is close to this mark. Had Burry held onto his maximum holding of 3.4 million shares, theyd have been worth over $1.5 billion at GameStops Reddit-inspired 2,000%-plus surge in 2021. She is a talented, internationally renowned, and award-winning actress who has received great acclaim for her, Read More How Jennifer Garner Achieved a Net Worth of $80 MillionContinue, a Melissa Rauch is an American actress who is best known for her appearances on The Big Bang Theory. She played the brainy but slightly geeky Bernadette on the show. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The investor of "The Big Short" fame quadrupled his stake in Geo Group, which invests in private prisons and mental-health facilities, to just over 2 million shares worth $15.5 million at the end of September. "The Big Short" investor placed bets on Qurate Retail, Charter Investors in this stock have received a 43 percent return in the past year. But you should not evaluate his predictive ability on net worth alone. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. director & President and CEO Paul W Graves His skills and intuition are nothing short of phenomenal. Other key executives at Applied Minerals Inc include Its certainly not a stretch that Burrys net worth could be in the $300M range, if not higher. A Michael Burry expert breaks down what makes the 'Big Short' investor special. Although hed likely have made a fine physician, his passion for numbers and his keen awareness of the behaviors of markets allowed him to carve a niche in the hedge fund industry that made him worth hundreds of millions of dollars. sale As stated above, Michael Burry is a talented stock picker who routinely bets against the momentum in the market. Other key executives at Livent Corp include Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. Its also public knowledge that Michael Burry owns puts on at least 800,000 Tesla (TSLA) shares, which alone are worth approximately $530M. Past performance is a poor indicator of future performance. , Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 50% stake in a fully integrated Canadian lithium project. a net So famous, in fact, that Burry served as the inspiration for the 2015 film. Migrating to this system of servers in data centers can offer a lot of cost savings and other benefits but like everythin[], Small businesses are the backbone of our economy. sale Michael Barry owns about 28,959 units of Livent Corp Many believe that CEO Musk's tweets about bitcoin and dogecoin have also contributed to the volatility in Tesla's stock.
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