Divorce is expensive… and Tom Cruise — now on his third marital separation — knows that all too well. The super-famous actor was ordered to pay Katie Holmes a ton of money for child support, but he’s reportedly content with the settlement.
The details of Tom and Katie’s divorce settlement were leaked to TMZ, and Tom will pay $400,000 a year – plus medical and dental costs, insurance, education expenses and more – until his 6-year-old daughter turns 18. Katie has primary custody of Suri.
It’s a lot of money but likely far less than what Tom would have dished out for a lump sum payout, according to TMZ.
“Tom is very happy and relieved that he is moving forward,” a source told E! Online. “His priority is being a good father and this settlement will make sure that continues.”
What would you do with $400,000 a year…?
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