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Katie Holmes and Tom Cruise Final Divorce Report: About $5M in Child Support — and That’s It!

Now that Katie Holmes and Tom Cruise are officially divorced, TMZ has details on their quickie settlement.

Tom is worth an estimated $250 million, but Katie has never come across as a gold-digger — which is good, since it doesn't sound like she or Suri will be getting that much. It's more than most moms probably get in a settlement, but most moms don't marry superstars like Tom Cruise.

According to the figures quoted by TMZ, Tom must pay Katie $400,000 a year, or just over $33,000 a month, and it will be paid by electronic transfer. Tom has to pay until Suri turns 18, 12 years from now, so that's a total bill of $4.8 million. That's a lot less than Katie reportedly could've gotten. (And she gets no spousal support at all.)

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TMZ added that Tom also has to pay Suri's medical, insurance, education and extracurricular costs. So that's not included in the agreement.

Is it a good thing that Katie didn't demand more money, the way some celeb parents do? She's out there right now, reviving her career to earn her own keep — she has a Broadway play coming up, a new showing at New York Fashion Week and a surprise reading this past weekend in Williamstown, MA. Maybe she doesn’t want Suri to grow up too pampered and spoiled.

Source: TMZ

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08.24.2012 / 04:14 PM EDT by Gina Carbone
Related: News, Tom & Katie Divorce

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