The incident, which was caught on camera during the live streaming of the event, sees the shark approach Fanning from behind and he reacts quickly to try and get away.
Fanning miraculously escaped uninjured, but the shark managed to rip off and snap the surfer’s leash.
According to Fanning, he was about to start paddling to catch a wave when he sensed something behind him. The shark grabbed the leash that tethered the surfer to his board and began pulling him under. The Aussie surfer punched at the shark as the leash snapped. Rescue personnel reached him within seconds and pulled him unharmed from the water.