Suri Cruise turned 18 years old this year. After Katie Holmes divorced Tom Cruise, Katie and Suri lived full-time in New York, and Suri is fully a New Yorker. Suri is currently a freshman in college and from the looks of things, Katie and Suri are handling it pretty well. Katie has an empty nest, but Suri comes home often to visit her. Tom has had nothing to do with Suri or Katie since 2012. That’s when Katie and Tom divorced, and Katie negotiated a divorce settlement which set her & Suri up in New York. Katie still works, but I would imagine the divorce settlement has largely financed their lifestyles. In recent days, the Daily Mail has been trying to make one particular story happen: that Tom Cruise set up a multi-million-dollar trust fund for Suri and it kicked in when she turned 18. Well, Katie just denied it:
Katie Holmes is setting the record straight about her daughter Suri Cruise’s finances.
On Sunday, Dec. 8, Holmes, 45, shared a post on Instagram disputing a report from the Daily Mail that alleged that 18-year-old Suri had become a millionaire after her trust fund from her father Tom Cruise recently kicked in.
The outlet reported that a source said Suri gained access to her trust fund from the Top Gun: Maverick star, 62, in April when she turned 18, and that she has an additional trust fund from her mother.
“Completely false,” Holmes wrote over a screenshot of the article. “Daily Mail you can stop making stuff up.”
“Enough,” she added in the caption.
For years, I’ve wondered about the terms of Katie and Tom’s divorce, specifically the financial aspect of it. In many divorces, the wealthier parent does have to provide some kind of trust or separate account specifically for the kid’s education/college. While Suri might not have a trust, I wonder if there’s been a separate account for her education? Of course, Katie and Tom settled the divorce so quickly, it also seems possible that Katie accepted a lump-sum settlement with the understanding that everything to do with Suri’s education needed to come from that divorce settlement money. Anyway, it’s interesting that Katie even bothered to deny this. Maybe Suri wanted her to say something.
Photos courtesy of Backgrid.
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New York, NY – Katie Holmes’ ever-growing daughter, Suri Cruise, 16, wears a white dress and blue Converse sneakers for a morning stroll in New York City.
Pictured: Suri Cruise
BACKGRID USA 20 JULY 2022
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New York, NY – Katie Holmes’ ever-growing daughter, Suri Cruise, 16, wears a white dress and blue Converse sneakers for a morning stroll in New York City.
Pictured: Suri Cruise
BACKGRID USA 20 JULY 2022
BYLINE MUST READ: Robert O’Neil/Backgrid / BACKGRID
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UK: 44 208 344 2007 / [email protected]
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New York City, NY – Suri Cruise, marking her 18th birthday with a walk through NYC streets, faces a new chapter where she can legally share her personal experiences. Despite a public childhood and the complexities of her family dynamics, she steps into adulthood ready to openly discuss her journey and the absence of her father, Tom Cruise, due to his Scientology ties.
Pictured: Suri Cruise
BACKGRID USA 18 APRIL 2024
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New York city, NY – Katie Holmes was seen out and about on Sunday afternoon, casually sporting wet hair as she strolled through the neighborhood.
Pictured: Katie Holmes
BACKGRID USA 11 AUGUST 2024
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New York city, NY – Katie Holmes was seen out and about on Sunday afternoon, casually sporting wet hair as she strolled through the neighborhood.
Pictured: Katie Holmes
BACKGRID USA 11 AUGUST 2024
BYLINE MUST READ: T.JACKSON / BACKGRID
USA: 1 310 798 9111 / [email protected]
UK: 44 208 344 2007 / [email protected]
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New York, NY – Katie Holmes enjoys a relaxed stroll with her daughter, Suri Cruise, after a supermarket run in New York City. The mother-daughter duo appeared to be enjoying their day out.
Pictured: Katie Holmes, Suri Cruise
BACKGRID USA 17 OCTOBER 2024
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New York, NY – Katie Holmes enjoys a relaxed stroll with her daughter, Suri Cruise, after a supermarket run in New York City. The mother-daughter duo appeared to be enjoying their day out.
Pictured: Katie Holmes, Suri Cruise
BACKGRID USA 17 OCTOBER 2024
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New York, NY – Happy actress Katie Holmes has her hands full with water and coffee as she arrives at the Ethel Barrymore Theatre in New York City.
Pictured: Katie Holmes
BACKGRID USA 19 NOVEMBER 2024
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