According to international media, actor Tom Cruise has set up a trust fund for his daughter and Suri Cruise will start receiving money when she turns 18. With the money received, Suri officially becomes a millionaire.
A source told the Daily Mail: “In the divorce agreement, the trust fund set up by Tom Cruise will transfer a huge amount of money to Suri Cruise when she turns 18. She was allowed to access that money when she turned 18 last April.
The remaining amount will be transferred to Suri when she turns 30. The trust fund is carefully built so that Suri does not have to receive the entire amount at once and become overwhelmed.” It is known that actress Katie Holmes (Suri Cruise’s mother) also set up a trust fund for her only child. “Katie is financially minded. She wants Suri to be fully provided for and have a great quality of life,” the source said.
According to Celebrity Net Worth, Katie Holmes has a fortune of $25 million while Tom Cruise has a fortune of $600 million. The 62-year-old actor has two adopted children, Isabella (31 years old) and Connor (29 years old), while Katie Holmes only has a daughter, Suri Cruise.
As the daughter of actor Tom Cruise and actress Katie Holmes, Suri Cruise has received public attention since birth and has been nicknamed “Hollywood princess” by the media. The Mission Impossible star was married to Katie Holmes from 2006 to 2012. Court sources said that Katie Holmes filed for divorce from Tom Cruise to protect Suri, not wanting her daughter to be drawn into the Church of Scientology by her ex-husband.
After her parents’ divorce, Suri lived mainly with her mother in New York (USA). During the years with her mother, Suri Cruise was given the opportunity to grow up like a teenage girl of her age. Suri Cruise is said to have a feminine fashion style in adulthood. The biological daughter of the Mission Impossible actor also has an artistic gene when she knows how to play musical instruments and loves to sing.
Suri once performed songs in her mother’s movies and joined the drama club at school. She was also given the lead role in a number of musicals performed at her high school.
In addition, she collaborated with a professional theater troupe on Broadway and experimented with professional acting on stage. The 18-year-old girl also has a strong passion for fashion and wants to work in this field in the future.
For many years, Suri has been said to have had a bad relationship with her biological father. Tom Cruise is said to have not contacted or met his daughter since he and his ex-wife divorced. Tom has been criticized for not playing a good role as a father except for providing alimony as prescribed by the court. This caused the relationship between him and his only biological daughter to cool to the point that Suri dropped her father’s last name when she turned 18.
According to People, Tom Cruise is said to have paid his ex-wife, Katie Holmes, $400,000 a year to raise the child until Suri was an adult. The payments have reportedly stopped, but Tom continues to pay for his daughter’s health care, dental care, insurance, education, college, and extracurriculars.