A turbocharger and a method of manufacturing a floating bush with which noise can be reduced, and the rotation speed can be increased. In a turbocharger in which a rotating shaft having a circular cross-section and connecting a turbine rotor and a compressor rotor is supported in a freely rotatable manner, at two axially separated positions via floating bushes, by an inner circumferential surface disposed so as to surround the rotating shaft in a bearing housing, an inner circumferential surface of each of the floating bushes has a non-circular shape in which the curvature of the cross-sectional shape varies in the circumferential direction.