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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

No Avatar
151.

babs    

That we know of. What about the other 'confidential' agreement they had.

757 days ago
152.

purcellsirish    

What is it with you people and spousal support. She's getting more child support than any child would ever need. She can support herself just fine with her own career. Any woman should be able to support herself also. They were only married five years. Alimony should be a thing of the past, and I am not a bitter divorced male either. I am a working mother.

757 days ago
153.

Marc    

That's how bad she wanted to get away. I would do the same thing. There is something seriously wrong with him.

757 days ago
154.

Jen    

Good for her. A lot of other divorcing celebs should take a lesson from her.

757 days ago
155.

ElisabethIsDisgusting    

Boy, she wanted OUT!

757 days ago
156.

no     

katie was a silly immature dream girl from day one!

757 days ago
157.

2drk2fck    

LOVE IT! just what I did! Leave the a-hole behind and all the stuff that comes with it, you can get your own.

757 days ago
158.

adem    

hello miss Katie Holmes.my name is adem dobratiqi from kosovo.I am very poor man I am father of 2 children.I needit 500 euro urgent pleas help me.thank you

757 days ago
159.

Cheryl    

What kind of weirdo do you have to be for a woman to walk away from that much money. See Tom Cruise.

757 days ago
160.

linda    

PLEASE ALWAYS THINK OF LARGE SUMS OF MONEY WHEN THESE DIVORCES TAKE PLACE.KATIE STARTED LOOKING UNHAPPY LONG AGO.WHEN YOU ARE IN A RELATIONSHIP AND YOU DONT HAVE PEACE OF MIND.YOU WILL JUST WANT THAT BACK.THERES NOTHING ON GODS EARTH LIKE PEACE OF MIND.I BELIEVE TOM IS STRANGE AND EVEN STRANGER TO LIVE WITH. KATIE SAVED HER SANITY.THAT CANT BE BROUGHT.ON TO THE NEXT ONE TOM.NUMBER 4?

756 days ago
161.

Carla628    

Good for Katie. Money isn't everything.

756 days ago
162.

SheisHot    

Now Katie can get some real meat instead of Tom's unsatisfying little peeper.

756 days ago
163.

JT    

Im sure she has a lot more going for her than having to depend on him, and to credit him at least he is paying for his childs raising like a man and didnt fight it.. in the long run it will be best for the child..

756 days ago
164.

Ehfar    

You made us proud Katie! .... You deserve better.. No more control freak!

756 days ago
165.

Patruce J    

He must be a real a**h*** like my ex was i walked away without just to get out he was so abusive! Good luck Katie although you don't need luck rely on God he is always with you!

756 days ago
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