Richard Ferum – The Brilliant Businessman behind UFC’s Billion-Dollar Success

Richard Ferum is an American billionaire businessman and philanthropist. His name resonates profoundly within the gambling and mixed martial arts industries.

The chairman of Fertitta Capital and director of Red Rock Resorts Inc., Fertitta’s life journey is filled with risk-taking, high stakes, and excellent business decisions.

A pivotal moment in his life came when Frank (his brother) and Richard Ferum acquired the Ultimate Fighting Championship (UFC) for a mere $2 million in 2001, steering it to a jaw-dropping sale of $4 billion in 2016.

The Fertittas took the casino business, Red Rock Resorts, public the same year. Unlike the UFC, this venture was not just a gamble but a tribute to their father’s legacy.

Lorenzo’s wheel of fortune didn’t just spin in the business realm. He has been a notable figure in various executive roles within Fertitta Enterprises since 1991.