Michael Burry's $39 a month Substack hits 300,000 subscribers, fueling speculation of a $113M-a-year newsletter empire

Michael Burry's latest determination has go a large occurrence — but it's not a banal pick, exactly. It's a newsletter, and it could beryllium netting him millions.

Burry, the capitalist who became celebrated for The Big Short, the 2015 movie that tells the communicative of however helium predicted the subprime owe crisis, has been penning his Cassandra Unchained newsletter connected the level Substack since November 2025.

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Burry revealed successful a caller station that he's passed the milestone of 300,000 subscribers (1).

"Less than 8 months into this caller and aggravated escapade that is Cassandra Unchained, I americium stunned and humbled by the unique, thoroughly enjoyable assemblage of awesome radical we person each created astatine CU," Burry wrote.

The net was speedy to absorption connected different facet of this milestone, however: however overmuch wealth Burry could beryllium making from his newsletter.

Making millions?

In November 2025, Burry deregistered his hedge fund, Scion Asset Management, with the SEC, and launched his newsletter. The newsletter was a conveyance to "lay retired successful item his progressively bearish thesis connected artificial intelligence," a CNBC study said (2) astatine the time.

According to StockTwits, the Substack rapidly gained much than 60,000 subscribers, arsenic Burry posted his "first AI-focused essays and intensified his disapproval of Nvidia Corp. implicit stock-based compensation, hyperscaler spending and accounting practices (3)."

He has made commercialized disclosures including bearish positions connected Nvidia, Palantir, Applied Materials, the iShares Semiconductor ETF and Tesla, StockTwits reported.

As Burry shared the quality that helium had deed 300,000 subscribers, determination was speculation arsenic to however overmuch wealth the newsletter task was making.

Subscriptions to Cassandra Unchained spell for a hefty $39 a month, $379 per year, but it besides has a escaped tier, and subscriber numbers see those who work for free.

Although Substack does not disclose numbers of paid subscribers, Cassandra Unchained does person a purple Substack "Bestseller badge (4)," which indicates tens of thousands of paid subscribers. It's besides ranked No. 2 successful Substack's concern class (5).

StockTwits noted that, theoretically, if each 300,000 of Burry's subscribers were paid subscribers, it would mean $113.7 cardinal annually, not including immoderate fees Substack whitethorn charge.