Cruise paying lump sum of up to $50mn to Holmes | entertainment | Hindustan Times
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Cruise paying lump sum of up to $50mn to Holmes

Tom Cruise may shell out as much as 40 or 50 million dollars to Katie Holmes in their divorce settlement, one celebrity lawyer has revealed.

entertainment Updated: Jul 11, 2012 18:26 IST

Tom Cruise may shell out as much as 40 or 50 million dollars to Katie Holmes in their divorce settlement, one celebrity lawyer has revealed.

Lisa Helfend Meyer, a prominent LA family attorney, said that Cruise could have paid a lump sum anywhere from 20 million dollars up to a whopping 50 million dollars in the high-profile split, before child support.

“I probably make the estimate between $20 million to, maybe, 40, 20 to 50,” the New York Post quoted Meyer as telling Website Celebuzz.

“A reasonable range, to me, would be between 20 and 30 [million] dollars. That’s a lot of money. Plus, she gets her child support.”

“In California, it’s usually 7-10 percent of a person’s income — which, in [Cruise’s] case, would make it exorbitant. Assuming his income is 20 million dollars a year, in California, he’s a high-income earner. Therefore, the amount of [child] support is based on Suri’s reasonable needs,” Meyer said.

Tom-Katie

The Mission Impossible star earned way more than that over the past year: He just led the Forbes list of highest paid actors, having earned an estimated 75 million dollars between May 2011 and May 2012.



“I think the deal was basically [Holmes] got primary custody in New York, which has very liberal visitation rights, and a lump sum amount of money. I think there was a lot of money attached to the settlement,” the lawyer added.