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Cruise paying lump sum of up to $50mn to Holmes

entertainment Updated: Jul 11, 2012 18:26 IST
Tom Cruise

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.


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.