Katie Holmes Keeps 'Millions of Dollars of Jewelry & Accessories' Given to Her as Gifts by Tom Cruise
Out of Tom Cruise's estimated $250 million fortune, Katie Holmes only receives about $5 million in child support. However, she is not relinquishing the jewelry, designer handbags and other accessories that Cruise gave to her over the course of their marriage.
The "Dawson's Creek" star will be keeping "millions of dollars in jewelry, designer handbags and other gifts" that the "Mission Impossible" star gave her, a source told RadarOnline.
"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," the source said.
"Tom gave Katie diamond earrings as a birthday gift one year that easily cost over $500k and he had custom design pieces made for her. Under terms of the divorce, Katie is keeping all of the jewelry, handbags, accessories, and designer clothing. What she does with it is up to her. For the time being, the jewels are being kept in a very safe place and knowing Katie, it's likely she will one day give them to Suri once she is old enough."
RadarOnline's source, however, asserted that Holmes is not a gold-digger.
"Katie was never with Tom for the money. When it came time for the divorce, she just wanted it to be done quickly and with as little disruption to Suri's life as possible. 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 added.
Holmes will have primary custody of Suri while Cruise will have liberal visitation. The former couple married in 2006, with Holmes deciding to call it quits earlier this summer.
'Katie's handbag collection includes custom made Hermes Birkins that would make any fashionista swoon," the source revealed. "Katie has an oversize Birkin in a gorgeous shade of red. She also has several iconic Hermes Kelly handbags. Katie probably got at least ten Hermes handbags as gifts from Tom during the course of the marriage, ranging in price from 10k-50k, each! If Katie were ever to decide to auction the handbags off she would get top dollar because she was married to Tom Cruise when she got them. Katie's Hermes handbag collection definitely rivals her pal Victoria Beckham's."
According to the divorce settlement, Cruise also has to pay for Suri's medical, dental, insurance, education, college and extracurricular costs. Holmes could've received more child support under New York law if the case went to trial, but both she and Cruise decided to settle quickly. The agreement also stated that Suri will not attend a "residential school" (boarding school) from now through her high school years.
