Report: Holmes to receive $400,000 a year for child support

Katie Holmes will receive $400,000 a year in child support from her divorce with Tom Cruise, according to celebrity news website TMZ.

Katie Holmes and Tom Cruise
Katie Holmes and Tom Cruise at the premiere of Mission: Impossible - Ghost Protocol. Credit: REUTERS/Carlo Allegri

Cruise will pay Suri's support for the next 12 years, meaning he will reportedly spend $4.8 million in total.

Sources told the website that Holmes did not receive a lump sum payout from the divorce.

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