Suri Cruise, the daughter of Hollywood stars Katie Holmes and Tom Cruise, has recently gained access to a sizeable trust fund set up by her estranged father.
- December 6, 2024
AceShowbiz - Suri Cruise, now 18 years old, has become a teenage millionaire after gaining access to a trust fund established by her father, Tom Cruise. The trust fund, part of her parents' divorce settlement, grants Suri an initial amount upon reaching 18, with the remaining funds becoming available when she enters her 30s.
Tom Cruise and Katie Holmes divorced in 2012, and Cruise has continued to provide financial support for Suri. In addition to a substantial child support payment of $400,000 per year, Cruise has also agreed to cover all of Suri's health, dental, education, and extracurricular expenses.
Holmes has also established a trust fund for Suri, ensuring her daughter's financial security. The exact value of the combined trust funds is unknown, but it is believed to be significant, considering the combined net worth of Cruise and Holmes, which is estimated to be over $600 million.
Suri has recently enrolled at Carnegie Mellon University, where she is reportedly pursuing studies in acting, dance, and fashion. Cruise has reportedly been paying her $65,000 annual college expenses.
While Cruise has rarely been seen with Suri since his separation from Holmes, he has reportedly continued to provide for her financially. Suri has chosen to use her mother's middle name, Noelle, rather than Cruise's last name.
Cruise has two other children from his previous marriage to Nicole Kidman: Isabella and Connor. All three children reportedly live their lives out of the public eye.
