won the custody battle for her 6-year-old daughter, Suri, and walked away with an agreement of $400,000 a year to be paid in child support by ex-husband until Suri turns 18.
According to the agreement, no lump sum will be paid to Holmes because of the "Mission: Impossible" star’s protected wealth agreement. Nonetheless, Cruise, who has an estimated wealth of $250 million, has agreed to pay $33,333 in monthly installments for his daughter in addition to her school and college fees, insurance and medical care. According to experts, Cruise would have been required to pay more than this amount if the divorce had gone to trial because this amount does not include child care or support for spouse.
While this amount might sound a lot for most people, let’s not forget that most people are not A-list celebrities, and whatever Cruise will be giving would be for his own daughter and not for spousal support. As for the world’s most famous 6-year-old, even this hefty amount might mean cutting back a little on her designer wardrobe that Papa used to buy before the split.
But the big milestone that Holmes succeeded in accomplishing was the agreement between both parties that Suri won’t be sent to a residential school, helping Holmes to keep her daughter from attending the Scientology boarding school.
For now, it is widely rumored that Suri will be attending a New York City private school that would charge an estimated $40,000 a year. But no worries, Daddy’s going to take care of that, and since a private school means wearing a uniform, a smaller wardrobe won’t hurt any longer.
Nonetheless, since Holmes has not received child care, like most celebrities, she might end up giving away a hefty $100,000 to even $1 million a year to nannies while she’s away for work.
The $400,000 also includes taking care of Suri’s pricey fashion sense by covering her extracurricular activities like paying for her athletic classes or flying her around the globe for studies.
Adding to the costs is Holmes' 2-bedroom rental in New York's Chelsea district that charges her $12,500 a month.
Since the split, Suri has been caught in a few down-to-earth activities, like hoping cabs instead of private planes under mom’s care. The $400,000-a-year child support is definitely going to make life easier for the celebrity kid, but not so much the trauma Suri went through after the divorce.