MMA and particularly the UFC is big business. Just as Frank J. Fertitta III, majority owner, along with brother Lorenzo, of the Ultimate Fighting Championship.
According to the OC Register, Fertitta recently purchased a 6,000-square-foot ocean front home at 106 Emerald Bay in Laguna Beach, Calif. for $28 million, making it the fifth-highest amount ever paid for an Orange County home.
Fertitta was able to get the house for $9 million less than what the owners were originally asking. The resedential property initially listed for $36.9 million back in December of 2008.