Hà LinhThe source told Daily Mail: "In the divorce agreement, the trust fund set up by Tom Cruise will transfer a very large sum to Suri Cruise when she turns 18. She was allowed access to that amount when she turned 18 back in April.
The remaining amount will be transferred to Suri when she turns 30. The trust fund was carefully constructed so that Suri does not receive the full amount all at once and become overwhelmed."
Suri Cruise is entitled to a trust fund from her biological father, actor Tom Cruise (Photo: Page Six).
It is known that actress Katie Holmes (Suri Cruise's mother) also set up a trust fund for her only child. "Katie is financially savvy. She wants Suri to be fully provided for and lead a wonderful life," the source said.
According to Celebrity Net Worth, Katie Holmes holds assets worth $25 million while Tom Cruise owns assets worth $600 million. The 62-year-old actor has 2 adopted children, Isabella (31 years old) and Connor (29 years old) while Katie Holmes only has a daughter, Suri Cruise.
As the daughter of Tom Cruise and Katie Holmes, Suri Cruise has been in the public eye since birth and has been dubbed the "Hollywood princess" by the media.
The Mission: Impossible star was married to Katie Holmes from 2006 to 2012. Court sources revealed that Katie Holmes filed for divorce from Tom Cruise to protect Suri, not wanting her daughter to be dragged into Scientology.
After the parents' divorce, Suri mainly lived with her mother in New York City. During the years with her mother, Suri Cruise was given the opportunity to grow up like a typical teenage girl.
Suri Cruise is known for her feminine fashion sense as she grows older. The biological daughter of Mission: Impossible actor also has an artistic gene as she plays musical instruments and loves singing.
Suri Cruise in the arms of her biological father, Tom Cruise (Photo: People).
Suri has performed songs in her mother's movies, joined theater clubs in school. She has also landed leading roles in some musical performances at high school.
Additionally, she collaborated with professional theater companies on Broadway and experimented with professional acting on stage. The 18-year-old also has a strong passion for fashion and hopes to pursue a career in the field in the future.
For many years, Suri has been reported to have a strained relationship with her biological father. Tom Cruise is said to have not communicated, met his daughter since his divorce from his ex-wife.
Tom has been criticized for not fulfilling his role as a father apart from providing child support according to court regulations. This has caused the relationship between him and his only biological daughter to become increasingly cold to the point where Suri abandoned them at 18.
According to People, Tom Cruise is said to be paying Katie Holmes $400,000 annually to support their child until Suri reaches adulthood. This support is said to have ceased, but Tom continues to provide for their daughter's health care, dental care, insurance, education, college, and extracurricular activities.
Suri Cruise lives and is cared for by her mother, Katie Holmes, for many years (Photo: People).
Daily Mail reported that the Mission: Impossible star is covering Suri's $65,000 annual tuition at Carnegie Mellon University.
"Tom is actually paying for Suri's education. He always pays for her tuition and never stops. Tom has never hesitated to pay child support and daughter's living expenses. He is fulfilling his obligations," the source emphasized.
Suri Cruise is currently a student at Carnegie Mellon University in Pittsburgh, Pennsylvania. She officially started her studies in August and is enjoying college life.
A source told Heatworld that Tom Cruise hopes to reconcile with Suri as she grows older.
