Without knowing the specifics of Burry's holdings and positions, we can't say for sure how well he's done with GameStop, but clearly he's made big money, at least on paper. This is unnatural, insane, and dangerous.' 'However, what is going on now-there should be legal and regulatory repercussions. 'If I put $GME on your radar, and you did well, I'm genuinely happy for you,' he said. In a since-deleted tweet seen by Business Insider, Burry said the situation going on around GameStop's stock price is 'unnatural, insane, and dangerous.' During that financial crisis, he made money betting against subprime mortgage loans, seeing that the bubble was about to burst. It's interesting, as he took the opposite tactic that he took in 2008. He's now turned that into $271 million thanks to the meteoric rise of GameStop.Īccording to reports, Burry made $800 million from the bets he made during the 2008 financial crisis, and now he's even richer thanks to his investments in GameStop.

MoneyWeb reported that Burry's company, Scion Asset Management, purchased 3 million shares in GameStop back in 2019, which were worth $16.56 million at the time. In fact, it's far more than any of the Reddit investors. Instead of shorting a stock this time, he played the long game and managed to make an incredible amount of money.

Michael Burry, the hedge fund manager portrayed by Christian Bale in The Big Short, has made a fortune on GameStop's stock after holding it for years.

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