Michael Avenatti just lost tens of millions in a massive divorce settlement–including his 20017 Ferrari.
Fox News reports:
On Wednesday, the 47-year-old lawyer reached a divorce settlement with his estranged wife that will require him to hand over thousands of dollars and other assets for liquidation, according to court filings.
The court filings in Orange County, Calif., as reported by TMZ, indicate a judge has ordered Avenatti to pay his wife Lisa Storie-Avenatti $162,295 per month in child and spousal support retroactive to Jan. 1, 2018. The combined total amounts to more than $1.9 million upfront.
In addition, the judge ordered Avenatti to fork over his assets for liquidation including five luxury wristwatches – some worth $50,000 – a Frank Gehry sculpture, several pricey works of art, and a 2017 Ferrari 488 GT Spider worth about $300,000, according to the report. The judge also mandated that Avenatti’s law firm, Avenatti & Associates, transfer its interest in a 2016 Honda private jet.
The couple married in May 2011 and separated last December, the New York Daily News reported.