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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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278 COMMENTS

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181.

Jason Blake    

Sounds Like Katie the WINNER not Tom Cat. Not a Tom Cruise Fan anymore.

684 days ago
182.

Mark    

the amount of money Tom needs to pay for child support seems to be fair enough. and two thumbs for Katie for not asking more or even for spouse support.

684 days ago
183.

AlwaysOnTimeB    

The more I hear, the more I like Katie. Katie probably would have paid him to get out of this marriage, if she had to.

684 days ago
184.

marcus2771    

Way to GO! Just last week she was in Toledo, Ohio over the weekend at her parents house and was getting ice cream at the neighborhood joint down the street from her parents. All the high school kids went nutz taking pics and was very cool. She is a normal lady fromt he Northern Ohio people not some goof ball celeb. Any other star would have walked away with money!

684 days ago
185.

Tammy    

He must be so proud of himself that he comes off as looking like a cheap pric& good for him. Now he will use his money to spoil his daughter and to try and make Katie look bad.

When he goes looking for another young woman to marry and have kids with I hope she will see this and runs before its too late.

684 days ago
186.

john    

Good she got nothing. She wanted the divorce, in the first place.......John A...Lihue, Hawaii

684 days ago
187.

D ..A..O    

HOW DID TMZ KNOW SHE DID NOT GET ANYTHING? TMZ USED TO SAY THAT ONE OF THE MANSIONS THAT TOM HAS WILL BE DEEDED TO KATIE IF THEY GOT DIVORCE. CAN NOT TRUST THE STORY.HOW DID THEY KNOW ANYWAY.TMZ USED TO SAY SHE WILL GET THIS,SHE WILL GET THAT.NOW THEY TURNED AROUND AND SAY SHE DID NOT GET ANYTHING.WHICH ON IS IT TMZ?????

683 days ago
188.

sampson    

how stupid. She works too. Why does he have to pay for all the kid's expenses?? And this is getting off light?? Where are the outraged feminists?? Equal rights, only applies when convenient...

683 days ago
189.

rash on my ass    

this is funny watch lmao http://youtu.be/GUgNP0v228Y

683 days ago
190.

Del    

I think it is telling when someone wants to get away from you so baf they don't want your money. Plus she is not like those broke trophy wives who only marry for money and get a gazillion dollars for nothing like Tigers ex cold fish

682 days ago
191.

TruthRevealed    

Katie is classy and a caring mother. It was her rights to walk away from all Tom Cruise and his cult leader David Miscavige's abuses. Well done Katie!

682 days ago
192.

TruthRevealed    

Tom Cruise is a loser who lost 3 beautiful and caring wife in exchange of having an unnatural relationship with his cult leader David Miscavige. Something strange is going on behind the close door between Tom and David M.

682 days ago
193.

luckygirlzrock    

She just wanted out. It makes you wonder how bad it was with him to want to take her daughter and run far away from his control.

682 days ago
194.

Jim Nelson    

If this note gets to Katie: Katie, consider yourself blessed. "...I the Lord have brought down the high tree, have exalted the low tree, have dried up the green tree, and have made the dry tree to flourish..."
Think about it, Katie -- you may be in your low state now, but you will flourish. Blessed is the key word. Jim

678 days ago
195.

sassy    

Katie Holmes is the prettiest woman out there. She needs no make up and still looks so pretty!!! All the rest of Hollywood actresses with few inches of make up need to learn a LOT from her. Katie is also a down to earth person that makes her unique and pure and places her way above the rest of Hollywood!

675 days ago
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