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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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61.

marilyn    

there is no price for freedom

768 days ago
62.

Wowme    

A lot of respect for Katie knowing she could of gotten a lot more millions, but millions does not make her happy. Having peace for Suri is worth millions more. Whoever captures Katie's millions dollar heart is going to be lucky.

768 days ago
63.

YouDontSay    

Katie you have style and class xoxox

768 days ago
64.

MUERETE HIJO DE PUTA    

dices que me has puteado en las clases de aleman y me has amargado la estancia en vienna por culpa de una foto que no tenías que haber visto si no fuera porque eres un puto freaky espiando gente y metiendote a los ordenadores como un enano freaky asqueroso????

768 days ago
65.

ainetang    

If you want to find a person who is serious to loveagelesscupid###com is your best choose

768 days ago
66.

Me    

Sanity is worth more than money. Katie got that.

768 days ago
67.

Tiffany    

he got out cheap and she GOT OUT! Yea. I think all she wants is what is best for Suri and he def will take care of his daughter. She will earn her own money from her clothing line and her work that she is now free to do.

768 days ago
68.

Celebrities Suck    

She sure is getting something out of it. She's getting her life back, freedom, and sanity. Now she's free away from Tom and his cult. That's priceless!

768 days ago
69.

AnonyMouse    

And by "all tolled" you mean "all told," right?

768 days ago
70.

lwil    

I agree with Jodi. Actions speak louder than words....she wants nothing to do with Tiny Tom.

768 days ago
71.

GabyO    

Tom can keep his money...and his fraud religion!

768 days ago
72.

Tam    

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. WTF?

768 days ago
73.

seamus     

Start hitting the hate button but if Katie has her own money and really does not want anything from Tom why is she taking $400,000 a year in child support? Yes Tom should pay for his daughter but he could also pay her expenses directly such as security etc. Katie can use that money for anything that pretains to Suri such as housing, food, ans so on.So to say Katie is walking away with nothing is really not true.What child needs over $30,000 a month?And no I am not a scientologist or pro Tom just trying to be realistic.

768 days ago
74.

LC    

Glad for her is over. And she never was after his money!!!

768 days ago
75.

Village    

He lost SURI, his flesh and blood.

768 days ago
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