Tom Cruise and Katie Holmes’ daughter has become a millionaire.
18-year-old Suri Cruise suddenly became wealthy and now has full control over her newfound fortune. According to DailyMail, with the arrival of her 18th birthday, Suri gained access to Tom’s trust fund. This shouldn’t have been a surprise for the young woman, as access to the fund had been discussed beforehand.
“Part of the divorce process was that Tom Cruise’s trust fund would be transferred to their daughter, Suri Cruise, when she turned 18,” an insider told the publication. “She was allowed to access it when she turned legal age in April. All of the money will be fully available to her once she turns 30. It was all planned so that she wouldn’t have access to everything at once and become overwhelmed.”
Tom Cruise
Interestingly, Suri’s mother, Katie Holmes, also set up her own trust fund.
“Katie cares about finances and, of course, about her daughter,” another source added. “She wants her to be well provided for and enjoy a good standard of living.”
Katie Holmes
Suri is incredibly fortunate, as Cruise’s net worth is estimated to exceed $600 million, according to Celebrity Net Worth. In comparison, Holmes’ fortune is valued at $25 million.
Katie and Tom divorced in 2012, and as part of the divorce settlement, they agreed on provisions for Suri’s inheritance when she turned 18. Tom also has two adopted children, Isabella and Connor, from his first marriage to Nicole Kidman.