Tom Cruise’s Daughter Suri Reportedly Becomes a Millionaire as Her ‘Significant’ Trust Fund ‘Comes into Effect’

Tom Cruise’s Daughter Suri Reportedly Becomes a Millionaire as Her ‘Significant’ Trust Fund ‘Comes into Effect’

Tom Cruise And Katie Holmes‘S Daughter, Suri cruiseShe has reportedly made a lot of money through her trust fund.

According to reports, the trust fund for Suri was created when her parents divorced and the amount set aside was “significant.”

Since Suri Cruise turned 18 in April, she is now allowed to access a portion of the fund and will have full access when she turns 30.

Suri Cruise’s trust fund was part of her parents’ divorce settlement

Suri cruise

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Suri is reportedly now far richer than she once was, having recently gained access to a trust fund set aside for her.

The trust fund was “provided” by her estranged father as “part of the divorce agreement” he made with Suri’s mother, Holmes, when they separated in 2012.

While it’s unclear how much is in the trust fund, the total amount is believed to be quite “significant,” which isn’t surprising considering Cruise is worth over $600 million, according to Celebrity Net Worth .

“She was allowed to access it when she turned 18 in April,” a source said Daily Mail about the teenager’s new wealth.

They added: “The rest of the money will be available to her once she turns 30. The trust fund was carefully set up so she wouldn’t get all the money at once and be overwhelmed.”

Suri’s mother, Katie Holmes, set up a separate trust fund for her

Katie Holmes out and about in New York City

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In addition to Cruise’s money, Suri will have access to other riches as her mother has set up a separate trust fund.

“Katie is financially minded and naturally takes care of her daughter,” another insider said of the actress, who is reportedly worth $25 million, according to Celebrity Net Worth.

The source explained why Holmes decided to open a separate trust fund for Suri even though the teenager already had one in her name.

“She wants her to be well cared for and have a high quality of life,” the insider shared.

Just like Cruise’s trust fund, it’s unclear how much Holmes’ package is worth to Suri, and there are no details about whether the teen can access it at this time.

The teenager’s father, Tom Cruise, pays her tuition fees

Tom Cruise

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Suri is currently studying at Carnegie Mellon University, the prestigious private research university she joined after graduating from high school earlier this year.

The teenager’s tuition for her course is around $65,000, a fee that Cruise covers.

Cruise reportedly doesn’t mind paying this fee since it’s also part of his divorce settlement with Holmes.

“Tom is actually paying for Suri’s tuition, he has always paid for her schooling and would never stop as he is a stand-up guy,” a source close to the actor confirmed Daily Mail. “He never hesitated to pay his daughter’s maintenance and expenses. He doesn’t break his word. He fulfills his obligation.”

At the time of Cruise and Holmes’ split, Cruise agreed to pay $400,000 a year in child support, which he may no longer pay now that Suri has turned 18.

The deal also required the actor to pay for other expenses such as Suri’s healthcare, insurance and dental care.

Suri dropped her famous father’s name

Tom Cruise's daughter Suri is now allowed to talk about Scientology at 18, according to reports

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Earlier this year, Suri made headlines when she chose to take her mother’s middle name, Noelle, while dropping her father’s name.

Suri reportedly made the decision, which came as a shock to many, as a tribute to her mother, who was her primary caregiver for most of her life.

“She praises her mother by using her middle name,” an insider said Page Sixand added that Suri “wants to live her own identity,” an identity that has nothing to do with her absent father.

The teenager, who recently split from her boyfriend Tooby Cohen, has already started using the name publicly.

It was first discovered as one of the names on the cast list of her high school play The Addams Family: A New Musical, in which she starred as Morticia Addams.

At the teen’s recent graduation from LaGuardia High School, the ceremony brochure included the new name.

How Tom Cruise and Katie Holmes’ divorce affected their daughter

Tom Cruise and Katie Holmes with daughter Suir

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A year before Suri was born in 2006, Cruise announced his love for Holmes by jumping up and down on Oprah Winfrey’s couch during her talk show “The Oprah Winfrey Show” in 2005.

Months later, the couple married in a lavish ceremony and graced the pages of Hello! magazine as Hollywood’s newest power couple.

However, the shine of their marriage soon faded, culminating in Homes filing for divorce just five and a half years later, a decision that reportedly surprised Cruise.

Suri, then just six years old, found herself in the spotlight amid speculation about her parents’ separation and Tom’s affiliation with Scientology.

Tom Cruise's daughter Suri is now allowed to talk about Scientology at 18, according to reports

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Following Cruise and Holmes’ divorce, the actress was awarded sole custody of her daughter to protect her from Scientology controversies, while Cruise retained visitation rights.

However, despite his visitation rights, Cruise’s sightings with Suri have declined over the years, and there are reports of extended absences of more than 100 days throughout the year.

During a legal deposition against tabloid magazines in November 2013, Cruise reportedly admitted that Holmes filed for divorce “to protect Suri from Scientology.”

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