Tom Cruise and Katie Holmes Divorce: Breaking Down the $275 Million Battle

who gets what?
Tom Cruise and Katie Holmes Divorce: Their Many Couple Moments
Tom & Katie Split!
Inside scoop about Tom Cruise and Katie Holmes' divorce. Read More »

After the news broke that Tom Cruise and Katie Holmes are seeking a divorce, many are wondering what will happen to the former couple's combined multi-million dollar estate.

Reportedly, the 49-year-old Rock of Ages actor has a net worth of $250 million, while his former ladylove Holmes, 33, has $25 million to her name. According to Forbes, Cruise alone has raked in $75 million as of May 2012.

So how much of his fortune at stake now that Holmes has filed for divorce?

According to Paul Talbert, New York-based matrimonial lawyer at Chemtob Moss Forman & Talbert LLP, the couple's reported pre-nuptial agreement will determine the outcome of the divorce proceedings.

Holmes filed for divorce in New York City on June 29, citing irreconcilable differences as the cause of the split.

"New York has a strong public policy favoring pre-nuptual agreements and to recognize pre-nuptual agreements. In general, the pre-nutual agreement will be upheld to what [Holmes] will be entitled to in terms of dividing property," Talbert tells Celebuzz.

As for Cruise's amassed fortune before the marriage, Talbert tells us that it's mostly safe from the Batman Begins actress.

"If I were to guess what the terms of the pre-nuptial agreement are, one of the terms is almost certainly that whatever they came into the marriage with remain their separate property," he says.

However, there's still the case of the custody of the couple's six-year-old daughter, Suri Cruise.

"In terms of what the child custody arrangements are going to be, that will not be dictated by the pre-nuptial agreement," Talbert explains. "That's something they'll have a disagreement on if Katie filed for sole custody."

Recently, TMZ reported that Holmes is seeking primary residential custody of her only child. If sole custody is granted, Cruise faces another dispute of wealth in terms of child support.

"In New York, on one child, there is a law that it's 17 percent of the parental income up to $136,000 a year of combined parental income. In cases involving very high income and high lifestyle, the court looks at the actual needs of the child as opposed to any statutory cap or percentage of income," Talbert weighed in. "It will be settled between the two of them and put forth in the agreement -- and if they can't agree, then the court will decide."

"The agreement or court orders will be based on what's the actual needs of the child," he adds. "Depending on what the lifestyle is, it could be a very significant."

Tom Cruise and Katie Holmes Divorce: Celebuzz's Complete Coverage

Tell Tale Signs The Split Was Looming

The Former Couple’s Shared Estates (PHOTOS)

Wedding Photographer Remembers Couple’s Italy Nuptials (EXCLUSIVE)

The Couple’s Relationship Timeline (PHOTOS)

10 Unforgettable Quotes About Their Relationship (PHOTO GALLERY)

Cruise Is ‘Saddened,’ Rep Says

Their Last Red Carpet Appearance (PHOTOS)

Cruise Was On Set In Iceland Days Before Announcement

Celebuzz In Line Playlist Player (CORE) No changes are to be made to this player. (Do not add Videos to this Player)

 

Discuss

Default avatar
  • Sandy
    Sandy

    how wonderful and insightful of Katies parents to be a support for their daughter, to be able to pull Katie and Suri out of a religion that is more controlling than Catholic faith. For Katie to have the wisdom to pull out now prior to Suri getting controlled by Scientology seems to me to be a strong and healthy choice for her and Suri. Having supportive parents close who can advise their young daughter how to safely plan how to counter a controlling husband and controlling Scientology is a gift. I'm sorry for your experience Sue, however not all parents of faith are like your experience

  • sue
    sue

    This divorce seems to have been instigated by Katie Homes meddling and controlling Irish Catholic parents. I know for a fact how tight and enmeshed these families can be. I married into one, thank goodness I am out of it. I feel really bad for Tom.

  • Curso de Photoshop
    Curso de Photoshop

    Wonderful items from you, man. I have take into accout your stuff previous to and you are just extremely fantastic. I really like what you've obtained here, really like what you are saying and the way by which you assert it. You are making it enjoyable and you continue to take care of to keep it sensible. I can't wait to read much more from you. This is really a wonderful website.

  • Cursos trabajadores
    Cursos trabajadores

    Attractive component of content. I just stumbled upon your website and in accession capital to say that I acquire in fact loved account your blog posts. Any way I'll be subscribing on your feeds and even I success you access consistently quickly.

  • pjmfl
    pjmfl

    It is very sad. But living in Clearwater,Fl., I can understand how Scientology can interfere with a marriage.

  • Sophia Sedona
    Sophia Sedona

    Saddness over the break up of two beautiful people who were obviously very much in love - perhaps they will reconcile, life is too short

  • Catherine MacWillie
    Catherine MacWillie

    Reading all of the articles commenting on Katie Holmes filing for sole custody and the comments in response supporting that the courts/that she and Tom Cruse should have shared parenting, 50/50 custody etc. Normally I support/endorse shared parenting as a Divorce Coach as being in the best interest of the child absent any special circumstances to warrant a different decision. Issues such as alcohol/drug, criminal history etc. In this particular instance I support Katie Holmes filing for sole custody. Tom Cruise has already demonstrated with his divorce from Nicole Kidman that he will not support continued and frequent contact and emotional bonding between the children and the other parent. And because past behavior is the best indicator to future behavior, Holmes team of legal advisers and family members have rightly determined that she too would follow in the footsteps of Kidman if she did not file for sole custody. Now before any one stands up and screams another man hater, let me say that if the position was reversed and Katie Holmes had previously been married and her former spouse had little to no contact with the children, I would take the same position in support of Tom Cruise.

  • Esther Amenume
    Esther Amenume

    What a shock i never believe. Tom u re my best

  • Anonymous
    Anonymous

    Katie is just another beard wife in a Hollywood sham marriage. John Travolta and Kelly Preson, Hugh Jackman and Deborra Furness, etc.