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Tom Cruise

Divorce Settlement

I Got Out Cheap!

8/24/2012 8:15 AM PDT BY TMZ STAFF
EXCLUSIVE

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Katie Holmes
walked away with nothing other than rather modest child support in her divorce from Tom Cruise ... and we at TMZ have the breakdown.

Sources familiar with documents filed with the court tell TMZ ... Katie got no lump sum payout, which is consistent with the prenup which essentially shuts her out of Tom's $250 million fortune.

As for spousal support ... Katie got zip.

Katie will get money for child support, but it's way less than a judge could have ordered. According to the settlement, Tom must pay Katie $400,000 a year in child support. That comes to $33,333.33 a month. The money will be paid by electronic transfer.

Tom must pay Suri's support for the next 12 years -- until she turns 18. All tolled, that comes to $4.8 million.

Tom must also pay Suri's expenses, including medical, dental, insurance, education, college and extracurricular costs.

And ... both Tom and Katie agree that Suri will NOT attend a "residential school" from now through her high school years. Translation -- she can't be shipped off to boarding school -- Scientology or otherwise.

Katie could have gotten more child support under New York law if the case went to trial, but both she and Tom decided to settle quickly.

We reported early on ... Katie said she wanted nothing from Tom other than a divorce -- well that's exactly what she got.

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277 COMMENTS

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136.

Cassy    

FREE AT LAST - YAY KATIE!

601 days ago
137.

buzz kill    

Looks like Katie gave him another reason to jump on the couch.

601 days ago
138.

karlew    

More proof that escape was the only option for this poor girl. Glad she made it out in one piece.

601 days ago
139.

Harry    

S***BAG !!!

601 days ago
140.

MichelleWW    

Goes to show how desperate she was to just get out and get it over with. That's really cheap child support consider Tom's income. Good for Katie for not being after the money. Didn't ever think that of her anyway.

601 days ago
141.

Jimmy    

You can't put a price of FREEDOM.
Run, Katie, Run.

601 days ago
142.

Carol L    

Katie just wanted out fast. She's my kind of broad.

601 days ago
143.

JohnGaltTexas    

In what world is 400 grand a year to support one child considered "modest"?

601 days ago
144.

OBSERVER    

Now, one can only hope, the next step will be ~ no spending an unknown fortune on Suri's clothes.

.
It appears her mother is heading in the right direction as a role-model.

601 days ago
145.

Sincerity    

WHAT'S THE SURPRISE??? Katie Holmes signed an "IRON-CLAD" prenup and Tom Cruise agreed to a custody arrangement that would "EXPEDITE THEIR DIVORCE". Their marriage was designed to accommodate a very "CLEAN, PRECISE" DISSOLUTION from the beginning. Too bad more celebrity break ups couldn't be this "QUICK AND NON-CONFRONTATIONAL"!!! Both Tom Cruise and Katie Holmes took the "HIGH ROAD" and ALL WORKED OUT VERY WELL!!! I wish the both of them much "FUTURE SUCCESS"!!!

601 days ago
146.

aurora    

Katie was the bravest of all the Cruise wives.She put her child first,money did not matter and backlash from the scientology cult did not matter either.This cult is so evil that I think what Katie did to save her child should be a lesson to anyone that wants to protect their children.

601 days ago
147.

ValVal    

I say that's a good deal to be honest. She's an actress, I'm sure she gets her own money. Not as much as Tom but she'll survive. This may have been one of the ugliest divorce this year, but they settled it quickly than certain celebs.

601 days ago
148.

laura    

E todo o frenesi? Acordo, contrato. Sinceramente eu não estou entendendo nada. Pra mim esta menina não é filha biologica dele. Ele é estéril.

601 days ago
149.

ICE    

Look. Everyone in the Gay community KNOWS Tom is gay!!!! Why does he continue to marry women and perpetuate this lie. Tired of TOM>

601 days ago
150.

linda    

katie probably didnt care about the money.it was worth what ever to get away from tom.tom is good looking.talented but strange.so what now? number 4? some people donot know when to quit.

601 days ago
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