TMZ

Our TV Shows

Got a Tip?

Call TMZ at (888) 847-9869 or Click Here

Tom Cruise

Divorce Settlement

I Got Out Cheap!

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

0823_katie_holmes_tom_cruise_tmz_ipad
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.

0702_katie_tom_before_footer

278 COMMENTS

No Avatar
31.

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.
-
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.

686 days ago
32.

nan    

She must have been very unhappy to have wanted out that badly , especially since her father is a lawyer...
She just wanted out, for here and her daughter..
I am sure she will have no problem finding acting jobs..There are enough people around in the undustry who think TC is a controling person and would be more then happy to see her excel..And the publicity wouldnt hurt the project either

686 days ago
33.

bearforce1    

Run Katie Run, and she did.

686 days ago
34.

tracker    

This speaks volumes,LOUD AND CLEAR,HOW DESPERATE KATIE WAS FOR HER LIFE BACK..thank GOD FOR KATIES Dad..

686 days ago
35.

Lynne    

I never believed she was all about the money. I think it was all about freedom.

686 days ago
36.

StarryStarryNight    

she got out with BILLIONS...being away from him is worth that.

686 days ago
37.

janet    

Katie got her freedom and life back...that's worth alot more than money. Very classy. She kept her word. Let's see if Tom does and keeps Scientology away from Suri.

686 days ago
38.

LiLo's boy toy    

I think she came to be ashamed to be married to him, embarrassed to be seen with him and she knew his money is his life's love. Leave his money alone he will walk away. Now once he figures out she actually out smarted him he may start making an ass of himself, but for now she came out of that mess on top. Katie has enough mony to live very well the rest of her ad Suri's life add to that the child support, book sales in a couple years, any movies she may do. She's one smart cookie and set for life with no Tommy Boy. Good for her.

686 days ago
39.

anony    

Oh, come on. Let's go over this again: while she technically made little from the prenup, the OTHER contract she signed when they first got married is where most of the money comes from. Over the past six years, she's pocketed a total of around $100 million or so.
Don't let the Cruise and Co$ people spin this.

686 days ago
40.

Gamedame    

The phrase is "all told", not "all tolled", so TMZ, please un-ring that bell!
This is NOT the first time that multiple people have told you about this particular improper usage -- does anyone at TMZ ever read these comments? Does TMZ have a proofreader? Would you like to hire me? ; )

686 days ago
41.

Steph    

He's a jerk and I don't blame her for wanting out. She did not care about the money... just wanted away from that jerk! Go Team Katie!!

686 days ago
42.

phil    

Get the hell out as fast as you can. Cut ties with Tom quickly & fast- to me thats the best divorce payout any sane & attractive young lady could ask for- its value is priceless. Any small measly sum paid out as child support in my view, is just icing on the cake. Kate is decent, classy & has her own money thank you. She does not need Toms money. Run gurl...RUN, youre free as a bird now, live your life to the fullest. I applaud you for this quick & speedy, hassle free divorce. More couples could learn a thing or 2 from this. Divorce is Divorce, it doesnt have to be ugly & hateful & spiteful & malicious, when the key objective is to get the hell out & go separate ways. Thank you.

686 days ago
43.

Uh    

Divorce is seldom pleasant for either party regardless of the cir***stances. What is important is how the participants handle the situation from here on out. I wish Tom, Katie, and Suri a wonderful life.

686 days ago
44.

Baker    

This proves that she really did love him and was not a gold digger. She just wanted primary custody of her child. Who can not live on $33,000 a month? Most people would find this amount a win. I'm sure she also walked away with some property we are not hearing about.

686 days ago
45.

janet    

The good thing is it no longer matters. it's over and done with. She no longer has to worry about being told what she can and can not do. That's priceless.


Tom can move on to his 4th wife maybe this time a scientoligist already.

686 days ago
Previous 15 Comments | 1 | 2 | 3 | 4 | 5 | 6 | 7 | Most Recent | Next 15 Comments

Around The Web