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

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Avenatti ruled out a 2020 presidential run on Tuesday, now he's been ordered to pay a years worth of spousal support to Lisa Storie-Avenatti, a report says.

Michael Avenatti leaves the Los Angeles Police Department Pacific Division after posting bail for a felony domestic violence charge. play

Michael Avenatti leaves the Los Angeles Police Department Pacific Division after posting bail for a felony domestic violence charge.

(AP Photo/Michael Owen Baker)

  • Michael Avenatti has reportedly been told by a California court to hand over some of his luxury assets to fund his divorce, which he owes around $2 million on.
  • He'll hand over his Ferrari 488 GT Spider, five of his luxury watches, and shares in a private jet, TMZ cited court documents as saying.
  • Avenatti denies the TMZ report, calling it "demonstrably false."
  • Avenatti, Stormy Daniels' lawyer, ruled out a run for president on Tuesday, citing family objections.

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.

The news follows Avenatti ruling out a 2020 White House bid on Tuesday, citing family reasons.

Michael Avenatti. play

Michael Avenatti.

(Drew 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

A 2016 Honda private jet, similar to one Avenatti's law firm owns. play

A 2016 Honda private jet, similar to one Avenatti's law firm owns.

(Business Insider)

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

Avenatti also has to pay his estranged 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.

Avenatti vehemently denied the TMZ report in a tweet on Thursday, calling it "demonstrably false."

It said: "Three weeks ago, TMZ issued a demonstrably false story about me. Other media outlets ran it without any corroboration. It is happening again. The media should not be disregarding their own journalistic standards for reporting by citing to a TMZ article for sole support. #Bogus."