Entertainment
Tom Cruise pays $400,000 a year in child support to ex
Tom Cruise pays $400,000 a year in child support
Although the actor best known for his daring-do role in the “Mission: Impossible” film franchises is worth more than $250,000 million, Tom Cruise‘s divorce settlement requires him to pay ex-wife Katie Holmes a relatively paltry $400,000 in child support payments annually. Suri Cruise, who is now 6 years of age, is the first child and only daughter of Cruise and Holmes. According to court documents released after the couple’s divorce was finalized, daddy Cruise must also kick in additional monies beyond the $400,000 in order to cover any of Suri’s medical and dental bills, expenses to attend summer camp, extracurricular activities, any college or educational expenses as well as medical and dental insurance.
Cruise’s financial responsibility will end when Suri turns 18, but until that time, his child support payments total almost a cool $5 million.
According to the divorce settlement, Cruise will be subject to a jail sentence of not more than six months if he fails to live up to his end of the bargain and send those child support checks to Holmes on time. Suri has also been gifted by her doting dad with a trust fund of an undisclosed amount that she may not access until she is 18.
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On The Web:
Tom Cruise Pays Just $400,000 A Year In Child Support For Suri Cruise
Tom Cruise Pays Just $400,000 A Year In Child Support For Suri Cruise
