Tom Cruise and Katie Holmes’ daughter Suri Cruise has become a teen millionaire after reportedly gaining access to a trust fund set up by her estranged father. Suri, who turned 18 earlier this year, took her first step towards independence. The trust fund, part of her parents’ divorce settlement, ensures she gets the initial amount now, with the remaining amount available in her 30s.
Tom Cruise’s trust fund for Suri has been started
While Cruise and Suri have rarely been seen bonding after the Top Gun star split from his ex-wife Katie Holmes, the actor has continued to support her financially. The 18-year-old recently benefited from a trust fund set up by her father, ensuring her financial security as she begins her college journey at Carnegie Mellon University in Pittsburgh.
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Cruise reportedly paid Katie Holmes $400,000 annually as part of their divorce settlement, which included monthly payments of $33,000 until Suri turned 18. Those payments stopped as soon as Holmes’ look-alike daughter enrolled in college in April, but her lifestyle remained unchanged because of her activism. of his substantial trust fund. Meanwhile, Holmes has also ensured her daughter’s financial security by setting up a separate fund for her future.
A source told the Daily Mail, “It’s part of the divorce deal that the trust fund provided by Tom Cruise will be shared with daughter Suri Cruise when she turns 18, and that’s enough.”
“She was allowed to access it when she turned 18 in April. The remaining money would become available once she entered the age of 30. The trust fund was carefully constructed so that she could access it at once.” “I don’t get all the money and she doesn’t get overwhelmed,” the insider revealed.
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Cruise has rarely been seen with Suri since his fairytale marriage to Holmes fell apart, reportedly due to his devotion to Scientology causing a rift between them. In August, Suri decided to drop her father’s surname and chose her mother’s middle name, Noel.
Tom Cruise’s children
Hollywood heartthrob and action movie icon Tom Cruise has three children from his previous marriages to actresses Nicole Kidman and Katie Holmes. All three reportedly live their lives away from the public eye. Cruise first became a father to Bella, whom he and Kidman adopted in 1990 after struggling with fertility problems during their marriage.
Bella is now an artist and graphic designer. The couple later adopted a second child, Connor, who was said to be especially close to Cruise. Following Tom and Nicole’s divorce in 2001, Cruise had Suri, his youngest and only biological child, with his ex-wife Katie Holmes. The couple welcomed their daughter in June 2006.
