Michael Burry’s newsletter generates an estimated $113M annually as subscriber count reaches 300,000 in under eight months.
Michael Burry’s Substack newsletter, Cassandra Unchained, has surpassed 300,000 subscribers at a $39 monthly fee. The milestone suggests potential annual revenue of $113M, based on current subscriber numbers.
Burry launched the newsletter in November 2025 after deregistering his hedge fund, Scion Asset Management. Initial subscriber growth exceeded 60,000 as he focused on bearish AI market commentary, particularly targeting Nvidia’s accounting and spending practices.
The rapid subscriber growth highlights investor demand for high-profile market perspectives outside traditional hedge fund structures.