Michael Avenatti Not Running In 2020 – Will Lose Cash And Ferrari In Divorce Settlement

Things just keep getting worse for Stormy Daniels lawyer Michael Avenatti. He recently announced he won’t run for president in 2020 and now he is losing a lot of his stuff in a divorce settlement.

FOX News reports:

Avenatti to lose cash, artwork, Ferrari in divorce settlement with wife: report

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Michael Avenatti, the attorney for adult film star Stormy Daniels and an anti-Trump activist, has been having a bad month.

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.

Here’s his recent announcement about 2020:

It’s amazing. Just a few weeks ago, there were people on the left who actually wanted him to run.

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