Frank and Lorenzo Fertitta Reportedly Sell Remaining UFC Stock

Having already sold the company, Frank and Lorenzo Fertitta have reportedly cashed in on their remaining investment in UFC. 

Forbes' Noah Kirsch reported the pair sold their rest of their shares in UFC to WME-IMG and the company was valued at $5 billion as part of the transaction. The Fertitta brothers sold UFC to WME-IMG in July 2016 for roughly $4 billion.

The deal represented a massive windfall. The Fertittas purchased UFC in 2001 for $2 million and helped turn the company into the premier mixed martial arts promotion over the next decade. According to Forbes' real-time ranking of the richest billionaires, Frank and Lorenzo rank Nos. 1,189 and 1,209, respectively, with net worths of $2 billion.

The Fertittas ceased working day to day with UFC following the sale, while Dana White stayed on as UFC president.

At the time, WME-IMG's purchase was the richest transaction in sports history, but it was surpassed when Liberty Media bought Formula One for $8 billion last September.