Sean
Sharaf is planning on getting a financial advisor after making
several terrible decisions.
Sharaf (5-2) was a massive underdog going into his
Ultimate Fighting Championship heavyweight bout against
Gable
Steveson at UFC
331, where he recorded a 12-second knockout in a historic
upset. He revealed before the bout that he was in heavy debt.
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Sean Sharaf discusses ‘crazy’ ways he blew up money to end up
in debt
Sharaf earned a $50,000 promotional bonus from Paramount+ for his
win over Steveson. Dana
White added $50,000 of his own to double Sharaf’s bonus, while
revealing that the UFC heavyweight was $600,000 in debt.
Sharaf recently revealed how he gradually came under massive debt.
The former U.S. Marine admits to making terrible financial
decisions like buying a truck he couldn’t afford. Sharaf also
started gambling when he first moved to Las Vegas in the hope of
meeting White, who frequents casinos.
Sharaf eventually had to borrow money from his mother. He took an
advance from his management company for UFC 331 so that he could
train in Vegas, as he lives with his mother in California now.
Sharaf barely has any assets in his name and banks regularly keep
hounding him. However, his life will hopefully change after his
last win, considering he plans to consult a financial advisor
now.
“I just made a lot of very crazy financial decisions,” Sharaf told
ESPN MMA. “So, I had a TRX I couldn’t afford. Blew $120,000 on that
thing. I was trying to help my mom sometimes. But more times I
actually had borrowed money from her. I got an advance on my purse
from my management so I could have my camp in Vegas… I gambled a
lot of money when I first moved to Vegas. I was trying to meet
Dana… I don’t have anything in my name. The banks call you every
single day… I think I’m getting a financial advisor.”