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.
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. He’s now turned that into $271 million thanks to the meteoric rise of GameStop.
According 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.
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