Katie Holmes expected to seek more from Tom Cruise’s $275m fortune
Katie Holmes, who is filing for divorce from husband Tom Cruise after 5 years of marriage, is entitled to get 15 million dollars as well as the couple’s 35-million-dollar Beverly Hills Mansion, according to the prenuptial agreement.entertainment Updated: Jun 30, 2012 18:15 IST
Katie Holmes, who is filing for divorce from husband Tom Cruise after 5 years of marriage, is entitled to get 15 million dollars as well as the couple’s 35-million-dollar Beverly Hills Mansion, according to the prenuptial agreement.
But with an estate worth more than 275 million dollars, the 33-year-old actress is expected to seek much more and there is already intense speculation as to how much she will collect when the papers are signed.
According to sources, the actress is asking for a ‘suitable amount’ of child support, as well as a division of property, though no mention was made of the prenuptial agreement in divorce papers.
After Holmes’ lawyer announced her client was filing for divorce, representatives for Cruise, 49, released a statement saying he was “very sad” and “did not see this coming.”
Since they did not stay married for 11 years, the prenuptial agreement explicitly states that California community property laws won’t apply to the divorce - which normally sees a couple’s assets split 50/50.
When the divorce is eventually finalized, each will keep their respective earnings from the projects they’ve worked on since November 2006. That is in addition to the 3 million dollars per year Cruise will give to Holmes.
There were also rumours that a certain degree of “nastiness” was involved, as Holmes intends to seek sole custody of daughter Suri.
If she succeeds in this, the child support payments Cruise will have to pay for his daughter could prove sizeable.
New York divorce attorney Vikki Ziegler told Hollywood Life that because of the prenup, Holmes stands to lose millions and will need to use their six-year-old daughter as a pawn to get more money.
“Most of the estate is Tom''s. She’ll have to go for a lot of child support,” the Daily Mail quoted her as saying.
“She’ll have to show that Suri has nannies, cars, activities, clothes, hair appointments. That a hefty amount each month is needed to maintain Suri’s lifestyle,” the lawyer added.
Shortly after they married in 2006, the couple paid 30 million dollars for a lavish nine-bedroom home on a Telluride, Colorado, estate which they were later rumoured to have added a 10-million-dollar bunker to.
They also own a lavish apartment in New York’s Manhattan, where Holmes is currently said to be holed up with Suri, while Cruise films his new movie Oblivion in Iceland.
A 5-million-dollar home in Sussex, England, which features six bedrooms, an indoor swimming pool, underground garage, sports pavilion, high tech security system and staff cottage as well as villa in Italy’s Lake Como bought from friend George Clooney for almost 7 million dollars adds to the couple’s multimillion dollar estate.
The ‘Mission Impossible’ star likes to indulge in a number of expensive hobbies and has over the years collected three aircrafts, several cars and a 60-foot yacht.
After the couple married, the actor bought Holmes a luxurious wedding gift in the form of a Gulfstream IV-SP, about which she famously said: “It’s like a bus, only quicker.”
Cruise also owns a luxurious airplane Aviat – Pitts S-2B and a North American Aviation P-51 Mustang. The jet has painted on one of it’s side “Kiss Me, Kate.”
As well as aircrafts, Cruise has a number of sports cars in his possession - a Porsce 911 and a 16-cylinder V8.
The couple lived in Beverly Hills so California law would have been applied to the separation of assets.
California is a community property state, so normally a couple’s assets must be split evenly in divorce.
Any money earned would be split 50/50, as would any debt either Cruise or Holmes incurred during their marriage.