NetApp, Inc. (NASDAQ: under management as of Q2 2021. By the early 2000s, Burry was able to leave his residency position to become a hedge fund manager full-time. of Thanks to his gift for short selling, he made enormous profits during the dot-com bubble and the collapse of the subprime mortgage market. Above is the net worth, insider trading, and ownership report for Michael Barry. Michael Barry - Net Worth and Insider Trading Michael Barry Insider Ownership Reports Based on ownership reports from SEC filings, as the reporting owner, How Did Dr Michael Burry Build His Wealth? of 0 shares. Michael Barry owns about 28,959 units of Livent Corp common stock. , Burry previously mentioned in a tweet, which he later deleted, that Tesla's reliance on regulatory credits to generate profits is a red flag. 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. , in which he was played by actor Christian Bale. 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. By July 2020, he was publishing videos to YouTube under the pseudonym Roaring Kitty, presenting in kitten-themed tee shirts his detailed analysis on why GameStop could gain big if the market grew more optimistic on its sales as a new PlayStation console was released. NJBIZ, New Jerseys leading business journal, provides 24/7 business news coverage and events honoring top business professionals. More than a decade later, he has tripled his net worth and continues to stockpile the cash annually, according to Bustle. This site uses Akismet to reduce spam. Credible publications, such as Yahoo Finance, have previously reported Michael Burrys net worth as $300M. 2004-2023 GuruFocus.com, LLC. This investment adviser does not provide advice to individual investors. Instead of billions, however, Burry looks like he may have made about $100 million on GameStop. Stock quotes provided by InterActive Data. These assets are important elements in the investors diversification strategy and play a key role in his investing success and risk management practices. 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. WebThe Firm currently manages approximately $120B of assets on behalf of its high net worth and institutional partners. By April of 2008, Burry had liquidated his credit default swap shorts, and so did not benefit from the 2008 and 2009 economic bailouts. Michael F Barry is the director of Rogers Corp. It sells halloysite and Iron Oxide under the DRAGONITE and AMIRON brand respectively. Musk has tens of millions of followers on Twitter. , Livent Corp (LTHM) The estimated Net Worth of Michael F Barry is at least $44.1 Million dollars as of 3 March 2023. 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. Home Blog Reviews Retirement About Contact Disclaimer, His reputation for generous impressive returns during market downturns made Michael Burry famous for short selling. Read profiles and interviews, and see all the facts and figures for 2022 Investors profit from puts when the underlying securities fall in prices. There are 8 older and 22 younger executives at Quaker Houghton. stocks. Its also public knowledge that Michael Burry owns puts on at least 800,000 Tesla (TSLA) shares, which alone are. There are no executives at Quaker Houghton getting paid more. 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. He is one of the few who saw the crisis coming and placed his bet against the banks. Although he doesn't practice, Burry has kept his license active with the Medical Board of California. Past performance is a poor indicator of future performance. After founding Scion Capital, he managed the assets of high-profile clients such as Vanguard, Joel Greenblatt, and White Mountains Insurance Group. According to the SEC Form 4 filings, Michael F Barry has made a total of 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. and Many believe that CEO Musk's tweets about bitcoin and dogecoin have also contributed to the volatility in Tesla's stock. , When the housing market collapsed in late 2007, his move proved to be extremely profitable, generating $825M for himself and his investors. Urby currently has four large-scale properties in operation, with two in New Jersey. This is a long way from the impoverished upbringing that he had in Chicago, where he was one of, Read More How Bill Murray Achieved a Net Worth of $140 MillionContinue, Jennifer Garner is an actress, activist, and entrepreneur who has achieved great success in all aspects of her career. Burrys firm owns over 1.1 million shares worth over $46 million. Mr. Barry has been our Chief Executive Officer and President since October 2008 and our Chairman of the Board since May 2009. 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 F Barry made , He is best known as the lead vocalist, guitarist, and primary songwriter for the Dave Matthews Band,, Read More How Dave Matthews Achieved a Net Worth of $300 MillionContinue, Bill Murray is an American comedian and actor who has a net worth of $140 million. 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 Michael Burry's net worth By David Boyd | Updated Sept. 28, 2022 The estimated net worth of Michael Burry is $300 million. Did GameStop Cost Michael Jordan $500 Million? Find out in our feature on sustainable New[], Fellowship Life CEO Brian Lawrence discusses what makes the company's communities different from other se[], Video Replay: NJBIZ Leaders In Digital Technology 2023, Congratulations to the 2023 NJBIZ Leaders in Law honorees (updated), Introducing NJBIZ Connect Your Guide to New Jersey Businesses, NJBIZ unveils 2023 Leaders in Finance Lifetime Achievement Honoree, Introducing the 2023 NJBIZ Leaders in Finance honorees (updated). To invest in cryptocurrencies in a tax-advantaged account, check out our list of the best Bitcoin IRA companies today. Michael had dabbled in investments and even made it a hobby while at UCLA. Filings show he sold his remaining 1.7 million share holding of GameStop in the fourth quarter. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies. Michael Burrys net worth isnt stellar by current hedge fund manager standards. Burry reopened his hedge fund as Scion Asset Management in 2013, filing reports as an exempt reporting adviser. sale The largest trade he's ever made was exercising 58,709 units of Quaker Houghton stock on 29 June 2012 worth over $836,016. sale As a teen, Burry went to Santa Teresa High School. Michael F Barry is the director of Livent Corp. He obtained the startup money to fund the operation from his mother and father. Make America Healthy Again - Falling Life Expectancy Is Alarming, Silicon Valley Bank Collapse And Credit Suisse Rescue Are A Boon For Private Equity, Saudi To The Fore As OPEC Cuts Production, Keith Gill, a 34-year financial advisor in Massachusetts, the founder of online pet food seller Chewy. Registration on or use of this site constitutes acceptance of our. As stated above, Michael Burry is a talented stock picker who routinely bets against the momentum in the market. As an army of traders piled in, at times GameStop was the most traded company in the world, with shares trading more volume than Apple Burry didnt plan to become an investor, let alone a hedge fund manager. Other transactions such as conversion of derivative security or exercise of options are not included. At GameStops Reddit-fueled high of $483, Burrys maximum holding could have been worth over $1.5 billion. Savvy investors would be wise to get in now, before institutional capital piles in in the years to come. In 2003, he beat the market again with his investments rising by 50%. Get this delivered to your inbox, and more info about our products and services. of 6,056 shares made by Dieter Laininger Quaker Chemical is a leading global provider of process fluids, chemicals,specialties, and technical expertise to a wide range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. Michael Barry owns about 28,959 units of Livent Corp . also Co-owners of Ironstate Development Co. the Barrys have brought transformative thinking to neighborhoods in cities like Hoboken, Jersey City, Harrison and Montclair. 10 percent owner Kingdon Gp, Llc The most-recent trade in Livent Corp is the Other key executives at Quaker Houghton include 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. of 985 shares. sale Past performance is a poor indicator of future performance. Some dont like to come away at all,, Read More The 10 Richest People in NevadaContinue. Mr. Barry currently serves as a director of Rogers Corporation. Other recent insider transactions involving Quaker Houghton (KWR) include , In Michael Burrys case, it paid to be a pessimist and hope for the worst to happen. WebWhat Is Michael Burrys Net Worth? 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. Michael Burry had made the complete change in his career from being a medical physician to a hedge fund manager. You might contact Michael Barry via mailing address: 500 Park Avenue, 2nd Floor, New York Ny 10004. While working on completion, he was distracted by another passion that turned out to be stronger than his desire to practice medicine. As of 12 April 2023 he still owns at least 90,126 units of Quaker Houghton stock. Majority of the revenue is earned from America. Michael is an active trustee of the New Jersey Apartment Association. The company's low-cost lithium carbonate production comes from brine resources in Argentina. He was appointed by the governor to the states Landlord- Tenant policy committee and is a long-standing member of the Urban Land Institute. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. and Investors Can Make Gains As Companies Break Up. Most recently he sold 300 units of KWR stock worth $60,021 on 12 April 2023. 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. purchase 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? and Tesla revealed earlier this year that it bought $1.5 billion worth of bitcoin. The current estimated net worth of Livent Corp's Director, Michael Barry, is estimated to be about $56.19M . According to the SEC Form 4 filings, Michael F Barry has made a total of 300 shares on April 14, 2023, which 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. All Rights Reserved. Sign up for your daily digest of New Jersey News. Oh, yeah, he also happens to be a licensed medical doctor. no insider transaction in Livent Corp (LTHM). This category only includes cookies that ensures basic functionalities and security features of the website. It turns out Burry was entirely out of GameStop by then. Moreover, Scion Capital had returns of 489.34% between 2000 and 2008. 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. Michael has made over 28 trades of the Quaker Houghton stock since 2011, according to the Form 4 filled with the SEC. Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be. 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. brought . The geographic segments of the company includes America, EMEA, Asia/Pacific and Global Specialty Businesses. During the past 18 months, 31,965 shares of Quaker Houghton (KWR) were sold and 100,000 shares were bought by its insiders, resulting in a net After launching Scion Capital LLC in 2001, the fund saw a 55% return thanks to wise bets against tech stocks ahead of the internet bubble. 2023 Celebrity Net Worth / All Rights Reserved. Other recent insider transactions involving Applied Minerals Inc (AMNL) include of 88,806 shares. On January 28, 2021, GameStop briefly hit $480 a share. Paul Graves, President and CEO, , bought 10% of GameStop, and joined its board in the fall, hoping to bolster its digital platform. and When the housing market collapsed in late 2007, his move proved to be extremely profitable. of 1,502 shares made by Gouveia Randall Colin Michael F Barry made However, other sites claim his net worth is under review. Later, he enrolled at the University of California, Los Angeles, where he studied economics and pre-med. Burry still retained his license to practice medicine, but he chose not to complete his medical residency. Necessary cookies are absolutely essential for the website to function properly. 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. he continued to make personal investments that have delivered high returns on investments. Gurus may be added or dropped from the GuruFocus site at any time. 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. The firm manages more than $20 billion in assets and is known for its $6.1 First Republic Investment Management. He has few strong social connections, and he isnt a media darling. AMZN sale After the huge success, he closed the fund and turned to a career of personal investment. Along the way, hes become infamous for his purchases both professionally and personally. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. By clicking Sign up, you agree to receive marketing emails from Insider 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. Burry was depicted in Michael Lewis' book "The Big Short" and the subsequent Oscar-winning movie of the same name. 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. He is still famous for the brilliant move that earned him a fortune. Famed investor Michael Burry on Monday revealed in a regulatory filing a short position against Tesla worth more than half a billion. Applied Minerals Inc is an exploration-stage company engaged in the production of halloysite clay and natural iron oxide solutions based in the United States. GuruFocus tracks the stock performance after each of Michael F Barry's buying transactions within different timeframes. 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. Michael Burry is an American physician, investor and hedge fund manager who has a net worth of $300 million. Since not all of his assets, debts, and liabilities are public knowledge, his net worth must be estimated rather than precisely calculated. Dr. Michael Burry is an American the Director of Livent Corp and owns about 28,959 shares of Livent Corp (LTHM) stock worth over $632,754. Michael Barry is the director of Applied Minerals Inc. Disclaimer: The content on this website doesnt constitute financial advice. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. But you should not evaluate his predictive ability on net worth alone. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. 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 Big Short" investor placed bets on Qurate Retail, Charter Michael Burry and Jeremy Grantham are bracing for a devastating crash across financial markets. He seemed to know what to bet on and what not to. It was a highly unusual move for such a relatively small fund manager. . 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. 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). 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. of 0 shares. Truthfully, only Dr. Burry himself knows his precise net worth; the rest of us have to rely on rough estimates. The firm operates in three business segments: advanced connectivity solutions, which manufactures circuit materials for applications in communications infrastructure, automotive, and consumer electronics markets; elastomeric material solutions, which provide cushioning, sealing, and impact protection in automotive, transportation, and construction applications; and power electronics solutions, which sells ceramic substrate materials for power module applications. sale 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. But opting out of some of these cookies may have an effect on your browsing experience. In January 2021, GameStop's share price skyrocketed thanks largely to a coordinated effort of Reddit users. 10 percent owner Kingdon Capital Management, L.l.c. All Rights Reserved. Michael Barry's largest purchase order was, Livent Corp's most recent insider trade came on September 20, 2022 by 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. 2004-2023 GuruFocus.com, LLC. The lions share of Michael Burrys wealth derives from the SEC filings of Scion Asset Management, the investment firm that he owns. In 2000, Burry founded the Scion Capital hedge fund. a net Above is the net worth, insider trading, and ownership report for Michael F Barry. 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. Burry's Scion Asset Management as well as other partner offers and accept our, Securities and Exchange Commission filing. Please note GuruFocus will not track the insiders transaction performance if he/she does not have buying transactions. The current estimated net worth of Livent Corp's Director, Michael Barry, is estimated to be about $56.19M . In the last 4 years, insiders at Livent Corp have sold an estimated value of $6.8M The oldest executive at Quaker Houghton is JosephMatrange, 75, who is the Vice President and Global Leader Coatings. Mr. Barry owns over 300 units of Quaker Houghton stock worth over $16,820,215 and over the last 20 years he sold KWR stock worth over $19,048,800. Quaker Houghton manufactures and sells a variety of industrial process fluids. Its certainly not a stretch that Burrys net worth could be in the $300M range, if not higher. 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.
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