Disclaimer: The content on this website doesnt constitute financial advice. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. 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. Michael Burry, the hedge fund investor who built a massive position in GameStop before it became a meme stock on Reddit and skyrocketed, sold his entire stake in late 2020. The stock sales mean Burry missed out on a Reddit-fueled 2,000% surge in the video game retailer at one point in 2021, which would have made him over $1 billion. (Source: Michael Burry Net Worth, Celebrity Net Worth, last accessed May 1, 2017.) Investors profit from puts when the underlying securities fall in prices. 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. Many believe that CEO Musk's tweets about bitcoin and dogecoin have also contributed to the volatility in Tesla's stock. Michael Burry GuruFocus also compares Michael F Barry's trading performance to market benchmark return within the same time period. The most active insiders traders include Donald R Caldwell, Hungary Holding Korlatolt F, and Michael F Barry. Michael Barry usually trades in May, with the busiest year in 2021, 2018, 2019, 2022 and 2020. 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. By the end of 2004, he was managing around $600 million. Michael Mr. Barry owns over 700 units of Quaker Houghton stock worth However, other sites claim his net worth is under review. Michael Barrymore net worth explored amid 9 min read. The movie was titled The Big Short and it was nominated for a Golden Globe Award. Musk has tens of millions of followers on Twitter. . Co-owners of Ironstate Development Co. the Barrys have brought transformative thinking to neighborhoods in cities like Hoboken, Jersey City, Harrison and Montclair. Senior Executives Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Burry still retained his license to practice medicine, but he chose not to complete his medical residency. 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. Today, cryptocurrencies pose some of the greatest upside potentials of any asset class. 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. 2023 CNBC LLC. Dave Matthews is a singer, songwriter, musician, actor, and record label owner who began his career in 1991. Others jumped in. Its estimated at $200.0 million. These cookies will be stored in your browser only with your consent. In summary, during the past 3 months, insiders sold 0 shares of Livent Corp (LTHM) in total and bought 0 shares, with a net brought Michael Burry Net Worth | Celebrity Net Worth Burry previously mentioned in a tweet, that Tesla's reliance on regulatory credits to generate profits is also an impediment to the company's long-term prospects. When the housing market collapsed in late 2007, his move proved to be extremely profitable, generating $825M for himself and his investors. 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. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. . This category only includes cookies that ensures basic functionalities and security features of the website. Michael F Barry currently owns a total of 2 Burry is a fearless investor known for speeding down the road less travelled when every other investor is stuck in traffic on the same slow, congested highway. The lions share of Michael Burrys wealth derives from the SEC filings of Scion Asset Management, the investment firm that he owns. In Michael Burrys case, it paid to be a pessimist and hope for the worst to happen. Other big funds were hit hard, including Cohens Point72, which shed double digits in January. He did research on the values of residential real estate, and predicted that subprime mortgages and the bonds based on them would start losing value when the original rates were replaced by far higher rates. Vice President - EMS Brian Keith Larabee of 3,000 shares made by Peter C Wallace He achieved this pinnacle of success after he moved to the Subprime market. In his first full year in 2001, he was reportedly up 55% while the S&P 500 fell 11.88%. Bale was also nominated for Best Supporting Actor for his portrayal of Burry. The WallStreetBetsforum on the Reddit Inc. website on a laptop computer and the GameStop logo. The Redditors bought stock and options, trying to squeeze professional hedge fund investors who were short and it worked. 8 transactions in Quaker Houghton (KWR) over the past 5 years, including 0 buys and 8 sells. Quaker Houghton (KWR) You might contact Michael F Barry via mailing address: One Quaker Park, 901 Hector St, Conshohochen Pa 19428. He reportedly holds put options on more than 800,000 Tesla shares. (It appears he later deleted the tweet). Michael F Barry is the VP & CFO & Treasurer of Quaker Houghton. As more automakers produce battery-electric vehicles of their own, ostensibly fewer will need to purchase environmental regulatory credits from Tesla, which they have done in order to become compliant with environmental regulations. a net The following year saw even greater results with a 16 percent profit margin. sale The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Investor Dr Michael Burry has a personal net worth of about $300 million. This capital outlay caused his investors to revolt and demand their money back. Submit a correction suggestion and help us fix it! NJBIZ, New Jerseys leading business journal, provides 24/7 business news coverage and events honoring top business professionals. of 5,000,000 shares made by Geoffrey Gates Scott Almost immediately, he was earning enormous profits for his investors. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. of 85,171 shares made by Paul W Graves What is Michael Barrymores net worth: Michael Barrymores net worth is estimated to be $15million (11million), according to the website NetWorthPost. Most notably, Burrys firm purchased credit default swaps from Goldman Sachs that were positioned against subprime mortgage deals. Chief Accounting Officer Nicholas Pfeiffer Sign up for free newsletters and get more CNBC delivered to your inbox. Enjoyed this article?For exclusive stock picks, investment ideas and CNBC global livestreamSign up forCNBC ProStart yourfree trial now. Dr Michael Burry Net Worth: Full bio and investor profile The lions share of Michael Burrys wealth derives from the SEC filings of Scion Asset Management, the investment firm that he owns. Despite the macroeconomic warnings of a recession and job losses, small [], A Cherry Hill-based financial institution is back on top of Small Business Administration lenders in New Jersey, as ranked by[], I think these challenging times continue to create good opportunities for innovators, one panelist said during the disc[], Why is Late Show host (and Montclair resident) Stephen Colbert on our cover? , Mr. Barry has been our Chief Executive Officer and President since October 2008 and our Chairman of the Board since May 2009. Read more:A Michael Burry expert breaks down what makes the 'Big Short' investor special. All Rights Reserved. Most recently he sold 300 units of KWR stock worth $60,021 on 12 April 2023. Over the past 18 months, . sale To achieve these returns, Burry used a strategy of shorting overvalued tech stocks. As somewhat of a reclusive persona, Dr. Burry has built his net worth simply by investing wisely, rather than making a spectacle of himself. You also have the option to opt-out of these cookies. The Richest Private Equity Billionaires On The Forbes 400 List 2021 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. Michael F Barry is Provides CEO, CFO, Director and Chief Executives trade reports, independent equity research, and stock screening. According to an October 2021 report, Dr. Burry has a long position open in at least two cryptocurrencies that he views as having strong fundamentals. On January 28, 2021, GameStop briefly hit $480 a share. Burry became widely-known as the founder of Scion Capital LLC. sale 10 percent owner Kingdon Capital Management, L.l.c. Michael F Barry around $60,021. Although it came a little later, he was close in his timing. The surge cost Wall Street investors almost $20 billion in mark-to-market losses, according to data from S3 Partners, at the worst of the squeeze. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Kristin Ashman. 'Big Short' Investor Michael Burry Reveals 5 Stocks He Bought in Q3 Rogers Corporation designs develop and manufacture engineered materials and components for sale to original equipment manufacturers and component suppliers. Quaker Houghton (KWR)'s detailed insider trading history can be found in Insider Trading Tracker table. By his own admission, Michael Burrys success as an investor is largely thanks to his knowledge of the margin of safetythat is, the difference between the intrinsic value of an asset and its market price. Managing Director. Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. Past performance is a poor indicator of future performance. These assets are important elements in the investors diversification strategy and play a key role in his investing success and risk management practices. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. , in which he was played by actor Christian Bale. It started with the first $100 million he earned in his hedge fund and has continued to increase ever since. $118.27K . SVP & Chief GSCO Jeffrey L Fleck 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. We welcome all corrections and feedback using the button below. Its certainly not a stretch that Burrys net worth could be in the $300M range, if not higher. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. 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. as well as other partner offers and accept our, Securities and Exchange Commission filing. He hasnt needed to do anything else for a living because working in investments and big finance is the thing that brings him the most satisfaction. To invest in cryptocurrencies in a tax-advantaged account, check out our list of the best Bitcoin IRA companies today. Based on ownership reports from SEC filings, as the reporting owner, Michael Barry owns 1 companies in total, including "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. 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). a net WebBarry Financial.net, Michael F. Barry, New York Life, Walpole, MA NetApp, Inc. (NASDAQ: This investment adviser does not provide advice to individual investors. , bought 10% of GameStop, and joined its board in the fall, hoping to bolster its digital platform. Investors in his company made as much as $700 million, but Burry was pleased with his take. To be detailed, the average return of stocks after 3 months bought by Michael F Barry is -16.13%. Truthfully, only Dr. Burry himself knows his precise net worth; the rest of us have to rely on rough estimates. sale Some withdrew their capital out of caution. Michael Barry owns about 28,959 units of Livent Corp common stock. under management as of Q2 2021. Paul Graves, President and CEO, 2004-2023 GuruFocus.com, LLC. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. It sells halloysite and Iron Oxide under the DRAGONITE and AMIRON brand respectively. He began placing bets in 2005. When the housing market collapsed in late 2007, his move proved to be extremely profitable. Michael Barry made WebWhat Is Michael Burrys Net Worth? He. Quaker Houghton manufactures and sells a variety of industrial process fluids. Burry actually went to Goldman Sachs and persuaded the financial firm to sell him "credit default swaps" that bet against subprime deals. On paper his GameStop investment made him a billionaire at certain points in January and February. Insiders are limited to only officers and/or directors of the company. Correction: Michael Burry is long puts against 800,100 shares of Tesla, according to a filing with the SEC. SVP & CHRO Melissa Leneis Enjoy a 7-Day Free Trial Thru May 08, 2023! sale These 3 Tech Giants Are Next. Applied Minerals Inc (AMNL)'s detailed insider trading history can be found in Insider Trading Tracker table. His son was diagnosed with Asperger syndrome; after reading up on the disorder, Burry believes he might have it himself. of @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. a net Truthfully, only Dr. Burry himself knows his precise net worth; the rest of us have to rely on rough estimates. After the huge success, he closed the fund and turned to a career of personal investment. Within 12 months the fund gained just under 12 percent. investor Michael , The estimated Net Worth of Michael F Barry is at least $43.1 Million dollars as of 12 April 2023. 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. The most-recent trade in Quaker Houghton is the Private Wealth Management Team Subsequently, he turned his primary attention to investing in gold, water, and farm land. Moreover, the Federal Reserve has been flooding the market with liquidity and a second round of stimulus checks hit bank accounts at the end of the year, a risk hedge funds should have sidestepped. The stock sales mean Burry missed out on a Reddit-fueled 2,000% surge in the video game retailer at one point in 2021, which would have made him over $1 billion. Hes been in the game since he walked away from his medical residency to become a medical doctor and steered his career in a different direction. How Dave Matthews Achieved a Net Worth of $300 Million, How Bill Murray Achieved a Net Worth of $140 Million, How Jennifer Garner Achieved a Net Worth of $80 Million, How Melissa Rauch Achieved a Net Worth of $20 Million, How Si Robertson Achieved a Net Worth of $8 Million, 20 Countries With the Least Amount of Debt, The 10 Most Expensive Skateboards in the World, The 10 Best Ducati Motorcycles of All-Time. He has never held a role on a television show, nor has he authored any books. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Michael Burry is a famous hedge fund manager who made a killing in the market when the housing crash of 2008 hit. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. After completing his courses there he transferred to Vanderbilt University School of Medicine, earning his M.D. purchase Michael The oldest executive at Quaker Houghton is JosephMatrange, 75, who is the Vice President and Global Leader Coatings. 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. Necessary cookies are absolutely essential for the website to function properly. By April of 2008, Burry had liquidated his credit default swap shorts, and so did not benefit from the 2008 and 2009 economic bailouts. sale 2023 BridgeTower Media. of 2,000 shares. After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group. Burry, whose firm is Scion Asset Management, shot to fame by betting against mortgage securities before the 2008 crisis. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. and 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. Forbes once listed his personal worth at $1.3 billion. Michael Barry net worth, bio and Livent Corp insider trades. Gurus may be added or dropped from the GuruFocus site at any time. a net He graduated from Santa Teresa High School and immediately enrolled in the pre-med and economics programs at the University of California. 2004-2023 GuruFocus.com, LLC. Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be. Livent Corp (LTHM) AMZN and He then liquidated his company to focus on personal investments. Given that Scion Asset Management, his highly exclusive hedge fund, had $2 billion in assets under management as of Q2 2021. This is a big quarter for Dr. Burry, as his fund had 1.7 MM shares of GameStop ( GME) when he last reported his positions at the end of September. The largest trade he's ever made was exercising 58,709 units of Quaker Houghton stock on 29 June 2012 worth over $836,016. His reputation for generous impressive returns during market downturns made Michael Burry famous for short selling. Given that Scion Asset Management, his highly exclusive hedge fund, had. However, Burry's predictions eventually panned out, and he earned a personal profit of $100 million and a profit of over $700 million for his remaining investors. According to the SEC Form 4 filings, Michael F Barry has made a total of As of 12 April 2023 he still owns at least 90,126 units of Quaker Houghton stock. Other recent insider transactions involving Quaker Houghton (KWR) include Rogers Corp (ROG) While completing his residencies at the Stanford Hospital in neurology and pathology, he moonlighted as a financial investor in his spare time. Later, he enrolled at the University of California, Los Angeles, where he studied economics and pre-med. In March 2020 Burry revealed he had acquired 3 million shares of GameStop. There are no executives at Quaker Houghton getting paid more. , Consequently, Burry shorted the market by persuading Goldman Sachs and other big investment firms to sell him credit default swaps against subprime deals that were vulnerable. Michael F Barry made . Best Debt Consolidation Loans for Bad Credit, Personal Loans for 580 Credit Score or Lower, Personal Loans for 670 Credit Score or Lower. Gilberto Antoniazzi who sold 3,635 units worth Access your favorite topics in a personalized feed while you're on the go. Michael F Barry is On average, Quaker Houghton executives and independent directors trade stock every 19 days with the average trade being worth of $4,115,565. . Did GameStop Cost Michael Jordan $500 Million? It is within the trading industry that he has earned his fortune. 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. Michael Burry is an American physician, investor and hedge fund manager who has a net worth of $300 million. or Amazon Michael Barry Net Worth (2023) | wallmine Mr. Barry currently serves as a director of Rogers Corporation. 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. , To get to the bottom of the matter, we decided to investigate Michael Burrys net worth by looking at his investing history, as well as his reported assets and liabilities. 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. Image Source. Other recent insider transactions involving Applied Minerals Inc (AMNL) include The Scion Asset Management chief also built a $10 million stake in Qurate Retail, and established smaller positions in Aerojet Rocketdyne, Charter Communications, Corecivic, and Liberty Latin America. 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. By the early 2000s, Burry was able to leave his residency position to become a hedge fund manager full-time. Home Blog Reviews Retirement About Contact Disclaimer, His reputation for generous impressive returns during market downturns made Michael Burry famous for short selling. 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. Your California Privacy Rights/Privacy Policy. sale 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 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. Majority of the revenue is earned from America. If you want to invest like Michael Burry, you need to take chances and capitalize on opportunities as they emerge in the market. Burry sold all but one of his holdings in the second quarter of this year, after sounding the alarm on the "greatest speculative bubble of all time in all things" last summer, and warning owners of meme stocks and cryptocurrencies they were careening toward the "mother of all crashes. of 1,502 shares made by Gouveia Randall Colin In September 2019,Keith Gill, a 34-year financial advisor in Massachusetts, got into the GameStop trade, paying $53,566.04 to buy 1,000 call options on the company and posting his position to Reddit on Sept. 8, 2019 under the pseudonym u/DeepF__ingValue, which eventually became a sensation with millions of followers. 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. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. and bought an estimated value of $3.48M worth of shares. The Barry brothers have proven themselves as innovators and pioneers who challenged conventional wisdom and expanded the range of possibilities for how people live, work and interact. In a bull market, Burrys net worth is likely significantly higher than it is during a sustained downturn. 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. The geographic segments of the company includes America, EMEA, Asia/Pacific and Global Specialty Businesses. However, the value of these options and shares are not owned by him alone, but rather by him and the other controlling partners at Scion. GuruFocus.com is not operated by a broker or a dealer. The most active traders at the company are 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. and Six Investments Michael Burry Prefers Over Over the next six months he reduced his position down to 1.7 million shares. Burry didnt plan to become an investor, let alone a hedge fund manager. Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be estimated rather than precisely calculated. Another infamous Burry bet has been video game retailer GameStop. The estimated net worth of Michael F Barry is at least $17 Million dollars as of 2023-05-01. Mr. Burry is a contrarian investor at heart, meaning he tends to invest in the opposite direction of the market. Over the past 18 months, [+] Photographer: Tiffany Hagler-Geard/Bloomberg. 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. Burry was eventually correct and his fund ultimately earned $700 million for his investors. Does Michael Burry Invest in Alternative Assets? Michael F. Barry is Chairman of the Board, President, Chief Executive Officer of Quaker Chemical Corporation. 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. Kelly Arrillaga. All rights reserved. We also use third-party cookies that help us analyze and understand how you use this website. Who Is Michael Burry? - Investopedia sale Since Michael Burrys investing history is largely disclosed in Securities and Exchange Commission a net Burry, one of the first investors to call and profit from the subprime mortgage crisis, is long puts against 800,100 shares of Tesla or $534 million by the end of the first