“For years, Katie’s enjoyed a lavish lifestyle”: Katie Holmes Reportedly Wants to Write a Tell-All Memoir to Expose Tom Cruise as $480K Yearly Child Support Nears its End

Will Katie Holmes finally give her fans an insight into what it’s like being married to Hollywood’s superstar?

"For years, Katie's enjoyed a lavish lifestyle": Katie Holmes Reportedly Wants to Write a Tell-All Memoir to Expose Tom Cruise as $480K Yearly Child Support Nears its End

SUMMARY

  • Tom Cruise’s child support to Suri is all set to end next month as she will be turning eighteen.
  • A source stated that Katie Holmes is looking for work, including writing a tell-all book, to deal with the apparent financial loss.
  • Holmes’ lawyer shut down the rumors and stated that the story was nothing but false.
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Tom Cruise’s romantic relationships have always been the talk of the town having dated some prominent names including Nicole Kidman and Sofia Vergara. However, his marriage with Katie Holmes has to be the one that stands out as they went from having the perfect happily ever after to going right back to square one.

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Tom Cruise in a still from Edge of Tomorrow
Tom Cruise in a still from Edge of Tomorrow

Tom Cruise and Katie Holmes decided to put an end to their marriage after six years of tying the knot. Now the question was, what would happen to Suri, their daughter? Well, Katie Holmes was granted full custody of their daughter and Tom Cruise allegedly hasn’t met his daughter for years. Despite this, the actor is paying a great amount of child support for Suri Cruise but now that she’s soon going to be turning eighteen, he no longer will have to do so. What will Katie Holmes do now?

Katie Holmes Plans on Writing a Book to Expose Tom Cruise?

Katie Holmes with her daughter, Suri Cruise (via Katie Holmes' Instagram)
Katie Holmes with her daughter, Suri Cruise (via Katie Holmes’ Instagram)

According to reports, Tom Cruise pays around $40,000 in child support for his daughter, Suri Cruise. While the annual total comes to a staggering $480K, the number is not much for a superstar of Cruise’s caliber who remains one of the hottest and sought-after actors in Hollywood.

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On the eighteenth of April 2024, Suri finally steps into adulthood as she will be turning eighteen. Her eighteenth birthday will mark the end of Cruise’s child support duties and neither Suri nor her mother Katie Holmes will be entitled to the $40,000. So, what’s next for Holmes?

A source told In Touch that Holmes and her daughter are in for an “uncertain future” as the child support comes to an end. The source added that in order to keep the money flowing in, the First Daughter actress is eagerly looking for roles and might even return to the industry full-time. They also stated that while the NDA between Cruise and Holmes will also perish soon, she just might end up writing a tell-all book about her relationship with Cruise and more.

“For years, Katie’s enjoyed a lavish lifestyle, thanks to Tom’s consistent support. But as their child nears adulthood, both mother and daughter are facing an uncertain future. It’s a terrifying prospect — going from an amazing standard of living to a question mark overnight! Dawson’s Creek royalties don’t hold a candle to what Mission: Impossible generates! She’s actively looking for roles and is eager to throw herself back into the industry full-time. And don’t forget the non-disclosure agreement she signed — it’s set to expire, too. If things get tough, Katie could cash in by penning a tell-all book!”

According to Marca, Holmes has a net worth of $25 million whereas her ex-husband boasts an extremely high net worth of a whopping $600 million, 24 times that of Holmes’.

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Katie Holmes’ Lawyer Denounces Financial Struggles

Katie Holmes in Rare Objects
Katie Holmes in Rare Objects

After the above-mentioned reports became public, everyone was naturally talking about Holmes’ apparent financial struggles. It looks like things got so out of hand that the actress’ lawyer had to speak out on her behalf.

Talking to Radar Online, Holmes’ lawyer, Jonathan W. Wolfe, shut down the rumors and set the record straight stating,

“The story is riddled with falsehoods. One would hope there would be more newsworthy items to cover, and publications would avoid reporting as ‘facts’ claims from anonymous sources peddling such obvious misrepresentations.”

Now, while it’s true that Holmes does not have an empire like that of Cruise, it does not mean that she is not doing well for herself and her daughter. As per Marca, Holmes made $4.2 million just for the last season of Dawson’s Creek alone. On top of that, Holmes has been active in the film industry over the past years including films like Rare Objects, Alone Together, and more.

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Written by Mishkaat Khan

Articles Published: 1080

Mishkaat is a medical student who found solace in content writing. Having worked in the industry for about three years, she has written about everything from medicine to literature and is now happy to enlight you about the world of entertainment. She has written over 500 articles for FandomWire. When not writing, she can be found obsessing over the world of the supernatural through books and TV.