The financial details of Katie Holmes and Tom Cruise‘s divorce have been reportedly obtained by TMZ. Because of their iron-clad pre-nup, Katie didn’t receive a pay-out, nor did she receive spousal support.
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.
Holmes, dressed in a polka dot top and jeans, took daughter Suri Cruise to Chelsea Piers in New York on August 21st. The settlement also states that Suri can’t be shipped off to a “residential” school (like a boarding school).
When she first filed for divorce, Holmes stated she wanted nothing more than to just not be Mrs. Tom Cruise.