Michael Burry made approximately $100 million personally by correctly predicting and betting against the housing market crash during the 2007-2008 financial crisis. His hedge fund, Scion Capital, generated about $725 million in profits for its investors from this bet
. In total, Scion Capital achieved returns of around 489% net of fees and expenses during that period. Burry's strategy involved buying credit default swaps (CDS) on mortgage-backed securities, effectively shorting the housing market, which paid off when the market collapsed
. Additionally, as of early 2025, Michael Burry's net worth was estimated to be around $300 million, reflecting his continued investments and trading activities beyond the financial crisis
