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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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91.

Robert Abrami    

If this story is true Tom did get away cheap. Here's a man who took the same course that Johnn Travolta took when joining Scientology. John got caught but Tom keeps cruising along marrying women and winking all the way to the bank. I hope Nicole got paid well for her years of putting up with this charlatan.

759 days ago
92.

a long time Leno fan!    

...ouch..

759 days ago
93.

CriticXtreme    

Freedom does not have a price on it.

759 days ago
94.

Belizeanborn    

She showed with her actions just how much she wanted out of that marriage. Her actions had to hit tom in the gut to know that a woman would do anything to get away from him. That's how much she valued her freedom!! Good for you, Katie. No price for your piece of mind.

759 days ago
95.

Kris Peterson    

She's young. She'll learn!!

759 days ago
96.

Lola    

It shows how desperate Katie was to get away from him, by letting him get away with this. Money is the most important thing to men. I've learned this from experience. And it seems to be the same no matter if they have 250 million or 50 bucks. They hang on to money much longer than they will hang onto a woman they claim to love, or children they claim to love. She deserved more than that from this marriage. She was married for several years, bore a child for him, something no other woman has done for him, and has treated him decently. He on the other hand has almost imprisoned her, and as we are now learning, keeping her from her very family, parents, relatives. All signs of a controlling, potentially abusive man. I just hope she came out of this marriage with some property and other items of monetary value. He'd have to be a dog to just let her go without her FAIR SHARE of their marital assets. Yes, she is owed some, she knows it, he knows it, but apparently she valued her freedom more than money. None of this speaks well of Tom Cruise. If he were a real man, he'd have settled enough money on her so that, as the mother of his child, she'd never have to worry about money the rest of her life. I say this because he has plenty of money to share. Now he just looks even more stingy, mean, controlling, and somewhat evil.

759 days ago
97.

Lee    

He might have gotten out 'cheap' but she got away from the grip of that nutcase cult he belongs to. She wins.

759 days ago
98.

Lindsay Lohan Fan Forever    

It is great she is free and protected Suri but she got nothing for putting up with that craziness ? Wow. She deseved to be compensated.

759 days ago
99.

Cindy    

Didn't we already know all of this? Except for the residential school part.

759 days ago
100.

Cindy    

Didn't we already know all of this? Except for the residential school part.

759 days ago
101.

MaryD    

If Tom is paying for "medical, dental, insurance, education, college and extracurricular costs" then what is the 33k going towards? Her clothes? Does a girl eat that much in a month? Oh the lives of the rich.

759 days ago
102.

maus    

Even though the child support is a lot by most peoples income standards, it is a lot and should keep Suri very well in her dresses she seems to like so much. But good for Katie coming out looking not like a gold digger.

759 days ago
103.

Lola    

OMG, I get so upset when I read some of the prehistoric, neanderthal opinions by some men when the subject of divorce, division of marital property, alimony, child support, come up. You make it very clear that you have no respect for women nor do you value their existence. I'd like to see any of you do what women have to do all the time, and then to have to put up with your horrible attitudes. You realize that you are not far removed from a gang of men who keep their women covered in clothes called burkas, refuse to let them drive cars, make them sit in the back seat only, and it goes on and on. You are only a whisper away from them.

759 days ago
104.

Mattie    

I want to live in a world where $400k/yr is peanuts...

759 days ago
105.

Lynn    

Wow, a women with class! Karma works both ways and Katie has done an impressive job with this divorce and I hope Karma takes care of her and Suri! You get back what you put out there in the world and she just banked some serious points.

759 days ago
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