Michael Burry made a personal profit of approximately $100 million in 2008 by correctly predicting the financial crisis and shorting the housing market through credit default swaps on mortgage-backed securities. His hedge fund, Scion Capital, generated about $725 million for its investors during that time. The $100 million personal gain is often attributed to 2008, although some sources note that part of the profits technically materialized in 2007, right before the crisis fully unfolded.