Katie Holmes to keep jewellery and gifts gifted by Tom Cruise

According to Radar Online, following reports of a stingy payout from Cruise, “Tom was extremely generous to Katie with lavish gifts during their marriage and she will be keeping millions of dollars of jewelry, Hermes handbags and other luxurious items.”

Katie Holmes and Tom Cruise
Katie Holmes and Tom Cruise

“Tom gave Katie diamond earrings as a birthday gift one year that easily cost over 500,000 dollars and he had custom design pieces made for her,” the New York Post quoted a source as telling the website.

“Under terms of the divorce, Katie is keeping all of the jewelry, handbags, accessories, and designer clothing,” the source said. The source added that for the time being, the jewels are being kept in a safe place and will likely be given to their daughter Suri once she is old enough.

The ‘Dawson’s Creek’ star was reportedly uninterested in Cruise’s millions, wanting to settle her divorce quickly. “Suri has always been Katie''s number one priority and concern. During the divorce settlement talks Katie just wanted to make sure that she and her daughter would be taken care of from a financial standpoint,” the source said.

Cruise is said to be paying Holmes 400,000 dollars-a-year in child support for the next 12 years, or until Suri turns 18.  The total payout works out to 4.8 million dollars, which is less than what Cruise makes in a single film. 

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