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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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16.

Mary    

He settled quickly cuz of the prenup. He didn't want to lose millions to Katie. He is nothing but a crap bag.

768 days ago
17.

South Beach    

Katie got what was important to her, good. He'll pay his child support and that will be that. Keep it civil and not scar their child with an endless battle.

As far as her "blindsiding" Cruise, when you're dealing with someone very wealthy, powerful and more than a little nuts, the element of surprise is about all you have in your corner. Her position was public, he had little choice but to play "nice" or suffer the media consequences. she protected her child, job #1. High 5 and good luck to her.

768 days ago
18.

Latch Johnson    

It's nice to see this kids basically making more money from child support in a month than most people make in a year. Will she be any better taken care of than any one else's kids. Probably not.

768 days ago
19.

Kelly    

Goes to show she could care less about money as long as she could get OUT! That tells a whole story on it's own. 33,000 a month? I could live fine on that alone.

768 days ago
20.

Mr. Grimm    

Katie Holmes is a classy woman. Not to mention the fact that she doesn't need to be a gold digger since she is already loaded. 33 thousand a month though seriously TMZ you don't consider that a lot? Katie can buy that kid a gigantic mansion if she let the payments build up for one year.

768 days ago
21.

texaschickeee    

Katie said before she married him that she did not want his money. She signed the pre-nup with out question. In that contract she could have gotten 3 mill for every year married. he turned it down, just wanting out. Say a lot. Katie has more talent and class in her finger nails then Tom ever will ever.

768 days ago
22.

shar    

Halle Berry could learn from these two. I love the fact that they settled quickly without all the messy legal ****... Very classy. Also, Katie did not go for anything which tells me she has nothing on Tom. This is just a case where she probably fell out of love. Can't blame religion on this one it seems.

768 days ago
23.

Grandma of Four    

While I admire Katie for her decision to get out of that marriage and away from TC and Scientology, I do not for one second think she did so without the pre-nup being upheld. I am sure her father saw to it that she received whatever was in that agreement plus that the child support will keep Suri in a very nice living arrangement plus pay for that very expensive education. No way does TC want to come off as cheap. He needs the public to think he is a generous, involved parent! IMO, Katie is one smart lady and her father supported her decision 100 %!!!

768 days ago
24.

Bird    

Is it THAT hard to believe that a woman might be perfectly content with supporting herself and living a quiet life with her daughter? Katie might not have as much money as Tom, but she sure as hell isn't broke.

768 days ago
25.

ic    

I know Scientology is one of your Clients and now it is up to you to clean up tom cruise...and outside of his trying to manipulate katie and her daughter which seems nuts to me in these times I am glad he was smart enough to get out of dodge but I am not so sure he will not try to indoctrinate her in little ways..carrying a 6yr old around with a blanket is suspect..leave them alone so they can lead normal lives...

768 days ago
26.

Roy Kiro    

nice
http://coaching-rk.blogspot.in

768 days ago
27.

Rachel    

In other words... Scientology told, Tom to make it go away quietly. He probably gave her a private cash settlement if she kept her mouth shut about everything that she knows. No woman on this earth that is married to a man that's worth $250 million is going to settle for $400 thousand a year. Something else was settled behind closed doors that we will never know about. Katie's Dad is a Lawyer, do you really think he would have allowed her to settle for $33,000 a month!? Puhleaze!

768 days ago
28.

Elle    

Four hundred thousand a year is not "nothing".

768 days ago
29.

victory    

I doubt Tom Cruise has uttered a word regarding his divorce or the settlement. The do***ent's are sealed, it's shear speculation on who got what.

768 days ago
30.

STFUP    

Of course he got out cheap. It was never about the money for Katie.
-
She just wanted away from Tom's controlling ways and the wacko 'church' of Scientology.
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Making sure that both she & Suri were protected from being sucked in any further to that s**t was her #1 priority, and she got it.

768 days ago
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