Sharaf (5-2) was a huge underdog who came into his own
Ultimate Fighting Championship heavyweight fight against
Gable Steveson at UFC 331where he recorded a 12-second knockout in a historic upset. He revealed before the match that he was heavily in debt.
Sean Sharaf opens up about the “crazy” ways he blew his money to get into debt
Sharaf earned a $50,000 promotional bonus from Paramount+ for the win over Steveson. Dana White added $50,000 to double Sharaf’s bonus while revealing the UFC heavyweight was owed $600,000.
Sharaf recently revealed how he gradually got into huge debt. A former US Marine admits he’s made terrible financial decisions, like buying a truck he couldn’t afford. Sharaf also began gambling when he moved to Las Vegas in hopes of meeting White, who frequented casinos.
Sharaf ended up having to borrow money from his mother. He took a UFC 331 advance from his management company so he could train in Vegas as he currently lives in California with his mother. Sharaf has almost no assets to his name and is regularly hounded by banks. However, hopefully his life will change after his latest win, given that he is now planning to consult a financial adviser.
“I just made a lot of really crazy financial decisions,” Sharaf told ESPN MMA. “So I had a TRX that I couldn’t afford. I blew $120,000 on that thing. I tried to help my mom sometimes. But more times I actually borrowed money from her. I got a wallet advance from my management so I could camp in Vegas. I gambled a lot of money when I first moved to Dant Vegas. The you names is something. I tried to meet my name in Vegas. every day… I think I can financial advisor.
