Michael Avenatti reportedly has to sell his cars, watches, and a jet to pay $2 million in divorce debts

Business Insider
Bill Bostock
Dec 6th 2018 8:33AM

Michael Avenatti was reportedly ordered to hand over some of his more luxurious personal assets to fund his divorce settlement on Tuesday.

The Orange County Superior Court told Avenatti, currently in divorce proceedings with his estranged wife Lisa Storie-Avenatti, to sell off personal assets, TMZ cited court documents as saying.

Avenatti, the activist lawyer who represented a Stormy Daniels and a number of other women attempting lawsuits against President Donald Trump and other conservative political figures, will surrender five of his top-of-the-range watches, some estimated to cost at least $50,ooo, the report said. 

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Stormy Daniels' lawyer Michael Avenatti
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Stormy Daniels' lawyer Michael Avenatti
NEW YORK, NY - AUGUST 20: Michael Avenatti attends the 2018 MTV Video Music Awards at Radio City Music Hall on August 20, 2018 in New York City. (Photo by Nicholas Hunt/Getty Images for MTV)
NEW YORK, NY - AUGUST 20: Michael Avenatti attends the 2018 MTV Video Music Awards at Radio City Music Hall on August 20, 2018 in New York City. (Photo by Nicholas Hunt/Getty Images for MTV)
Michael Avenatti, lawyer of adult-film actress Stormy Daniels, speaks during a Bloomberg Television interview in New York, U.S., on Thursday, Aug. 2, 2018. Avenatti discussed the allegations against President Donald Trump. Photographer: Mark Kauzlarich/Bloomberg via Getty Images
LOS ANGELES, CA - JULY 28: Michael Avenatti is seen on July 28, 2018 in Los Angeles, California. (Photo by gotpap/Bauer-Griffin/GC Images)
Michael Avenatti, attorney for Stormy Daniels, is pictured outside the Manhattan Federal Court in New York City, New York, U.S., April 13, 2018. REUTERS/Jeenah Moon
Adult film actress Stephanie Clifford, also known as Stormy Daniels, speaks to media along with lawyer Michael Avenatti (R) outside federal court in the Manhattan borough of New York City, New York, U.S., April 16, 2018. REUTERS/Brendan Mcdermid
Michael Avenatti (C), lawyer for adult-film actress Stephanie Clifford, also known as Stormy Daniels, speaks to the media outside the U.S. District Court for the Central District of California after a hearing regarding Clifford's case against Donald J. Trump in Los Angeles, California, April 20, 2018. REUTERS/Lucy Nicholson
Michael Avenatti, lawyer for adult-film actress Stephanie Clifford, also known as Stormy Daniels, leaves with a film crew film as he departs the U.S. District Court for the Central District of California after a hearing regarding Clifford's case against Donald J. Trump in Los Angeles, California, April 20, 2018. REUTERS/Mike Blake
Michael Avenatti, lawyer for adult-film actress Stephanie Clifford, also known as Stormy Daniels, speaks to the media outside the U.S. District Court for the Central District of California after a hearing regarding Clifford's case against Donald J. Trump in Los Angeles, California, April 20, 2018. REUTERS/Mike Blake
Stormy Daniels' attorney Michael Avenatti leaves federal court surrounded by news media in the Manhattan borough of New York City, New York, U.S., April 16, 2018.
Michael Avenatti (R), attorney for Stormy Daniels, is pictured outside the Manhattan Federal Court in New York City, New York, U.S., April 13, 2018. REUTERS/Jeenah Moon
THE VIEW - On Tuesday, April 17, Stormy Daniels sits down with the co-hosts of The View (11:00 a.m.-12:00 p.m. EDT) for her first live television interview. Daniels will be joined in studio by her attorney Michael Avenatti. 'The View' airs Monday-Friday (11:00 am-12:00 pm, ET) on the ABC Television Network. (Photo by Heidi Gutman/ABC via Getty Images) JOY BEHAR, STORMY DANIELS, MICHAEL AVANETTI
NEW YORK, NY - APRIL 16: Stormy Daniels and Michael Avenatti are seen outside federal court in downtown Manhattan on April 16, 2018 in New York City. (Photo by Raymond Hall/GC Images)
NEW YORK, NY - APRIL 16: Adult film actress Stormy Daniels' lawyer Michael Avenatti arrives at Federal Court for the hearing at the United States District Court Southern District of New York related to Michael Cohen, President Trump's longtime personal attorney and confidante, April 16, 2018 in New York City. Cohen and lawyers representing President Trump are asking the court to block Justice Department officials from reading documents and materials related to his Cohen's relationship with President Trump that they believe should be protected by attorney-client privilege. Officials with the FBI, armed with a search warrant, raided Cohen's office and two private residences last week. (Photo by Yana Paskova/Getty Images)
Attorney for Stormy Daniels, Michael Avenatti (R), arrives for a court hearing at the US Courthouse in New York on April 16, 2018. President Donald Trump's personal lawyer Michael Cohen has been under criminal investigation for months over his business dealings, and FBI agents last week raided his home, hotel room, office, a safety deposit box and seized two cellphones. / AFP PHOTO / Hector RETAMAL (Photo credit should read HECTOR RETAMAL/AFP/Getty Images)
NEW YORK, NY - APRIL 12: Gayle King, Michael Avenatti, Don Lemon and Sean Hannity attend the 2018 The Hollywood Reporter's 35 Most Powerful People In Media at The Pool on April 12, 2018 in New York City. (Photo by Taylor Hill/WireImage)
NEW YORK, NY - APRIL 13: Michael Avenatti, attorney for Stormy Daniels, speaks to reporters following a court proceeding regarding the search warrants served on President Donald Trump's longtime personal attorney Michael Cohen, at the United States District Court Southern District of New York, April 13, 2018 in New York City. Cohen and his lawyers are asking the court to block Justice Department officials from reading documents and materials related to his relationship with President Donald Trump that they believe should be protected by attorney-client privilege. Officials with the FBI, armed with a search warrant, raided Cohen's office and two private residences earlier in the week. (Photo by Drew Angerer/Getty Images)
THE VIEW - Stormy Daniels' attorney Michael Avenatti is the guest today, Monday, 3/26/18 on ABC's 'The View.' 'The View' airs Monday-Friday (11:00 am-12:00 pm, ET) on the ABC Television Network. (Photo by Paula Lobo/ABC via Getty Images) MEGHAN MCCAIN, SARA HAINES, MICHAEL AVANATTI, JOY BEHAR, WHOOPI GOLDBERG, SUNNY HOSTIN
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The news follows Avenatti ruling out a 2020 White House bid on Tuesday, citing family reasons. 

Michael AvenattiDrew Angerer/Getty Images

Avenatti has also been ordered to hand over some of his art collection, including a Frank Gehry sculpture, the report says.

The ex-professional sports car driver will also give up his leased $300,000 2017 Ferrari 488 GT Spider the report said. 

Read More: Meet Michael Avenatti, the high-profile lawyer and professional sports car driver who represents Stormy Daniels and has ruled out a 2020 presidential bid

Storie-Avenatti will reportedly receive funds connected to shares in a 2016 Honda private jet too, which lawfirm Avenatti & Associates have been required to hand over. avenatti jet hondaBusiness Insider

Avenatti also has to pay his ex-wife $37,897-a-month in child support, back-dated to January 1, 2018, TMZ added. 

Storie-Avenatti will also receive spousal support totalling $124,398-per-month, which the judge also made retroactive for all of 2018, TMZ said.

That is a combined payout of $1,947,540 in 2018.

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