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Michael Avenatti Net Worth - Pulptastic

What is Michael Avenatti’s net worth and salary?

Michael Avenatti, an American attorney and entrepreneur, is known for representing pornographic actress Stormy Daniels and suing President Donald Trump to void a non-disclosure agreement. He has a net worth of $4 million and has represented several famous clients, including high-ranking business executives and the National Football League.

Avenatti was involved in a lawsuit against producers of The Apprentice, Donald Trump and Mark Burnett. He is also a race car driver who competed at the 24 Hours of Le Mans in 2015. In 2018, he turned over footage of a child in the custody of immigration officials to The Rachel Maddow Show.

Michael Avenatti’s Legal Career

Michael Avenatti was born in Sacramento, California in February 1971. He graduated from the University of Pennsylvania and earned his JD from George Washington University. He worked at The Research Group which was a political opposition research and media firm.

Michael formed the law firm Eagan Avenatti, LLP in 2007 with offices in Newport Beach, San Francisco and Los Angeles. One of his most notable legal wins was the 2017 $454 million verdict he won against Kimberly-Clark and Halyard Health (though, this figure was ultimately reduced to $21.7 million on appeal). He won an $80 million class-action case against Service Corporation International and a $41 million judgement against accounting firm KPMG. In total, the firm won more than $1 billion in verdicts and settlements.

Court Documents Reveal Michael Avenatti’s Lavish Expenses

According to court documents from his 2017 divorce, Michael Avenatti and his ex-wife Lisa-Storie Avenatti spent over $65,000 per month on expenses. This included luxury vehicles such as a Ferrari Spyder and a Mercedes G-Wagon, a private plane and pilot, dining out, shopping, entertainment, and $12,000 per month on nannies for their son. They also spent $100,000 per month on their Newport Beach home, estimated to be worth $17 million, and $14,000 per month on an apartment in Los Angeles. In December 2018, Avenatti reportedly sold his Ferrari, five watches, and his share in the private jet to pay down $2 million in divorce debts, but he denies these reports as false.

Michael Avenatti’s Legal Troubles Continue

In 2013, Michael Avenatti and actor Patrick Dempsey purchased Tully’s Coffee, but the partnership ended in a lawsuit and bankruptcy. In 2018, Avenatti’s former firm was hit with a $10 million judgment in U.S. bankruptcy court. Avenatti formed a new law firm, but in 2019, he was arrested and charged with financial crimes, including an alleged attempt to extort $20 million from Nike. Additionally, he was accused of using client money to cover expenses related to his failed Tully’s Coffee business and using false tax returns to obtain loans from a Mississippi bank. In 2022, Avenatti was sentenced to a four-year prison term for stealing $300,000 in book advances from Stormy Daniels. This added an additional 2.5 years to his previous sentence, and he was ordered to pay $148,750 in restitution.

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