According to Celebrity Net Worth, Michael Avenatti's net worth is $8 million. But HITC reported that Avenatti's current net worth is a substantial drop from 2019 when the brash attorney reported a net worth of $20 million. The infamous lawyer, made famous for his battles with former President Donald Trump, earned a high salary for his work, winning more than $1 billion in judgments for clients, per The Sun.
But Avenatti's expensive lifestyle and legal problems impacted his net worth. The Sun reported that he took time off from work in 2015 to be a race car driver, competing in the 24 Hours of Le Mans. Celebrity Net Worth outlined a few of the California attorney's extravagant expenses made public in his 2017 divorce from Lisa-Storie Avenatti. The outlet reported that Avenatti and his now ex-wife had monthly expenses of $65,000 a month. The couple had a home in Newport Beach worth $17 million, a private plane and pilot, and more.
In addition to the Nike fraud charges, HITC reported that Avenatti's firm had a $10 million judgment against it in 2018, which likely impacted his finances, too.
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