New Delhi:
Tom Cruise and Katie Holmes’ daughter Suri is now a teenage millionaire. How? Well, she has reportedly gained access to a trust fund that was arranged by her estranged father. The trust fund was established as a part of Tom and Katie’s divorce settlement. This ensures that Katie, who turns 18 in April, will receive the initial amount now while the remaining amount will be available when she turns 30. “It is part of the divorce settlement that the trust fund provided by Tom Cruise will be shared with daughter Suri. Cruise when she turns 18, and that’s enough,” a source claimed.
The trust fund was planned in such a way that it prevented Suri Cruise from receiving all the money at once and becoming overwhelmed, as reported daily MailThe outlet further reported that Katie Holmes had organized her own trust fund for Suri. “Katie is fiscally minded and is definitely taking care of her daughter. She wants to be well taken care of and have a good quality of life,” said a source.
Reportedly, after Tom Cruise and Katie Holmes separated in 2012, Tom set up a trust fund for Suri. As per the terms and conditions, his daughter could get the entire amount when she turns 30 and a major portion of the money after her 18th birthday. What’s more, Tom had also agreed to pay Katie an annual amount of $400,000 in child support every month until Suri comes of age. Those payments are believed to have now stopped. Not only this. mission imposible The star also committed to cover every medical, dental, school, college, insurance and extra-curricular expense of his daughter. Tom covers Suri’s annual college costs at Carnegie Mellon University, which are $65,000.
According to the Daily Mail, “Tom is actually paying for Suri’s tuition – he’s always paid for her schooling and he’s never going to stop because he’s a stand-up guy. ‘He never hesitated in paying the child maintenance and expenses of his daughter. He does not back down from his words. He is fulfilling his responsibility.”
Tom Cruise and Katie Holmes married in 2006. They welcomed Suri the same year. Tom also has two children – Isabella and Connor – with his ex-wife Nicole Kidman.
