How Much Money Does Katie Holmes Get From Divorce Settlement?
Tom Cruise has completed a real “Mission: Impossible” he doesn’t have to pay Katie Holmes any spousal support.
The Hollywood actor’s $250 million bank account is still mostly intact in the wake of his and Holmes’ divorce settlement, which was officially finalized by a judge on Wednesday, less than two months after she filed. All the actress wanted in the split was custody of their daughter Suri, and it seems that’s all she got. A source familiar with the details of the documents filed in court tells TMZ that Holmes, 33, will receive no spousal support from her ex, per their prenuptial agreement.
But Cruise, 50, will have to pay for the care of 6-year-old Suri, even though Holmes was granted sole custody, with him getting “meaningful” visitation, until she turns 18 in May 2024. According to the agreement, the “Rock of Ages” star will pay Holmes $400,000 a year in child support, which will cover her medical/dental care, insurance, education (including college), and extracurricular activities, and will be shelled out on a monthly basis via electronic transfer of $33,333. Over the next 12 years, Cruise will pay a total of $4.8 million for Suri. (The actor's attorney declined to comment to Reuters on the report, and a lawyer for Holmes did not respond.)
Katie Holmes and Tom Cruise are Divorcing
After five years of marriage, Tom Cruise and Katie Holmes are getting a divorce, PEOPLE has learned exclusively.
"This is a personal and private matter for Katie and her family," says Holmes's attorney Jonathan Wolfe. "Katie's primary concern remains, as it always has been, her daughter's best interest."
Cruise's rep tells PEOPLE: "Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children. Please allow them their privacy."
The Rock of Ages star, 49, wed actress Holmes, 33, in an Italian castle in November 2006. They have daughter Suri, 6.
This was Holmes's first marriage and the third for Cruise, who previously was married to the actresses Nicole Kidman, with whom he has two children, and Mimi Rogers.
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