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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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46.

Jay W.     

I guess when you have the kind of purchasing power Tom has, $4.8 mil. over the next 12 years is cheap. Life is good... for some.

736 days ago
47.

nyc44th    

it's BS how TMZ 'acts' like the person actually made the comment in their headlines. If the headline of the story is actually a lie, then how can anyone believe the actual story?

736 days ago
48.

Diane    

She didnt want or need his money !!!! bye bye Tommy boy

736 days ago
49.

John    

I am not shocked by this...

736 days ago
50.

seamus     

If Tom and Katie are getting along as well as is being reported, I am sure over the years Tom will be shelling out in addition to court ordered child support, as he should. Both seem like good parents and lets hope they will continue to be adults and let Suri have as normal childhood as possible.

736 days ago
51.

tenley    

Freedom? Priceless.

736 days ago
52.

nORRis8    

Wow. She gets tons of respect. She knows anything extra given to her would be a favor and favors at times need to be returned.

Shes not a gold digger. Basketball wives and the other trampie shows can learn from this.

736 days ago
53.

The New Improved Sock Puppet    

I'm impressed. She didn't take him to the cleaners.
While I'm here TMZ, GET THE F RID OF THESE F'ING SPAMMERS! Surely your morons can spot them.

736 days ago
54.

John    

$400,000 a year in child support? What child requires that much money to "support"?? Is that so the kid can have a brand new Ferrari when she turns 16 to go with her brand new mansion?

736 days ago
55.

eviemae    

cheap *ss Tom.... He is gonna give all the money to his Cult!!!!!!

736 days ago
56.

nicaw    

Good for her. It sounded like she got what she wanted. Plus for him, there's no lingering backlash against Scientology which I'm sure is what he wanted.

Sometimes just getting out with what you got during the marriage is best.

736 days ago
57.

Gita    

What an excellent parent example they both are. Tom does need a reality check. Katie will do fine to be able to live life as herself. This is a happy ending!!!!!!

736 days ago
58.

O_o    

very classy!! ...its nice when two titans of the industry can part ways w relatively little drama-in spite of the tabs comin out w ridiculous stories.

736 days ago
59.

Drid    

that's what happend in a money marriage

736 days ago
60.

stargazer    

Your "sources" are lying. The divorce agreement was sealed, there is no way anyone knows what she got, unless they were right there when it happened and I seriously doubt anyone who was would leak this to you.

736 days ago
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