NEWS
Tom Cruise’s daughter Suri turns overnight millionaire after dad activates his…
Suri Cruise, the daughter of Tom Cruise and Katie Holmes, has reportedly hit the millionaire mark after gaining access to a trust fund set up by her estranged father. Turning 18 earlier this year, Suri made her first step toward independence. The trust fund, part of her parents’ divorce settlement, ensures she receives an initial amount now, with the remainder accessible in her 30s
Tom Cruise’s trust fund for Suri ‘kicks in’
Suri Cruise may already have a ‘substantial’ fortune lined up, and that’s hardly surprising given her parents’ wealth. Tom Cruise is reportedly worth over $600 million, according to Celebrity Net Worth, while her mom, Katie Holmes, has an impressive $25 million to her name. On top of that, Tom is said to be covering Suri’s $65,000-a-year college fees.
The 18-year-old recently started her college journey at Carnegie Mellon University in Pittsburgh.
Cruise reportedly paid Katie Holmes $400,000 annually as part of their divorce settlement, which included $33,000 monthly payments for Suri until she turned 18. In April as Holmes’ lookalike daughter enrolled in college, those payments stopped but her lifestyle remains unchanged, thanks to the activation of her substantial trust fund. Meanwhile, Holmes has also ensured her daughter’s financial security by setting up a separate fund for her future.
Cruise has rarely been seen with Suri since his fairytale wedding with Holmes fell apart, reportedly due to his dedication to Scientology driving a wedge between them. Back in August, Suri decided to drop her father’s last name and opted for her mother’s middle name, Noelle