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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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1.

qtπ    

Good for you Katie! At least she's not a gold digger.

758 days ago
2.

Pinky Swayerz    

Well there's one celebrity with class anyway.

758 days ago
3.

Jodi    

When a wife want nothing more than child support out of a divorce she is definitely done, done, done with the husband.

758 days ago
4.

xlynch    

WOW.... Sorry but this kind of prenup was stupid... she should have gotten something for the 5 years of marriage... of course not a ridiculous amount... but lets face it she worked some but alot of her time was spent raising the baby... She would not have been a gold digger if she had asked for a certain amount for every year she was married... what a wasted 5 years... He would have to pay me alone for dealing with that nutty cult...If this had went to trial the judge more that likely would have thrown that prenup out based on the fact that it is unfair... I guess she was a young dump in love girl after all... oh well... I hope she starts dressing better

758 days ago
5.

Stiletto    

Really glad for her...no more idiotic nutcase to deal with. It would have been nice if the twit had shown some class and tossed her a few million...pre-nup or no pre-nup. You have to wonder just how bad things were with this lunatic for her to say "Keep it...keep it all...just let me the heck out!" Tell all book deal on the horizon, I'd like to say yes...but Katie has shown she is too classy for that.

758 days ago
6.

StarFleetVeteran    

Just shows what a grade-A douche Tom Cruise is. Even if she didn't ask for anything, with the millions of dollars he had, he could've offered to pay some spousal support. What a loser.

758 days ago
7.

Lucas    

in the words of tupac.. dont come at me with that buy me this buy me that syndrome ****.... bitch get a jib if you wanna be rich

758 days ago
8.

Sally    

Good for you Katie. It shows how much class she really has. She will make a good living on her own. Of course, if Tom had any class at all, he could have offered up one of his many homes - just go to show you what a dirt bag he is.

758 days ago
9.

dapedo    

this is good news fro suri and show katie not a gold digging @#$! this may be the nices thing i have ever posted

758 days ago
10.

Ashley    

$400,000 a year isn't modest child support. I don't know anyone who could afford that! Great to be the child of an A-Lister.

758 days ago
11.

Nostradamus    

Taking bets on who Tommie boy will set his sights on next.

758 days ago
12.

Reg    

TMZ WTF IS WITH THE SPAM?

758 days ago
13.

CT    

most fair divorce ever and didnt use the kid as a weapon and make her life miserable, i am impressed.

758 days ago
14.

Laura    

Katie has a successful career--she doesn't need his money. She's the lucky one here--she got her life back--for her and for Suri.

758 days ago
15.

Jackie    

Well..he's gonna pay all the expenses of his daughter, so i guess 400,000 a year is for Katie's wallet. What else will she be using the money for?

758 days ago
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