Tom Cruise's Daughter Suri Reportedly Became a Millionaire as Trust Fund Kicks In

According to reports, the trust fund was set up for Suri when her parents divorced, and the amount set aside was “substantial.”

Since Suri Cruise turned 18 in April, she is now “allowed access” to part of the fund and will get full access when she turns 30.

According to reports, Suri is now much wealthier than she once was after recently gaining access to a trust fund set aside for her.

The trust fund was “provided” by her estranged father as part of the “divorce agreement” he made with Suri's mother, Holmes, when they separated in 2012.

While it's unclear exactly how much is in the trust fund, the total amount is said to be quite “substantial,” which isn't surprising, considering Cruise is reportedly worth more than $600 million, according to Celebrity Net Worth.

“She was allowed access when she turned 18 in April,” a source told Daily Mail on the teenager's new wealth.

They added: “The rest of the money will be available to her once she reaches her 30s. The trust fund has been carefully constructed so that she does not receive all the money at once and be not submerged.”

In addition to Cruise's money, Suri will have access to more wealth, since her mother has set up a separate trust fund.

“Katie is financially minded and of course takes care of her daughter,” another source said of the actress, who is reportedly worth $25 million according to Celebrity Net Worth.

The source explained why Holmes chose to open a separate trust fund for Suri when the teen already had one in her name.

“She wants her to be well looked after and have a good quality of life,” the source explained about this decision.

Much like Cruise's trust fund, it's unclear exactly how much Holmes' package is worth to Suri, and there are no details on whether the teen can access it at this point.

Currently, Suri is a student at Carnegie Mellon University, the prestigious private research university she joined after graduating from high school earlier this year.

The teen's tuition is approximately $65,000 for her course, a fee paid by Cruise.

Cruise reportedly has no qualms about paying the fee, as it's also part of his divorce settlement with Holmes.

“Tom actually pays Suri's tuition, he has always paid for her studies and will never stop because he is a stand-up guy,” a source close to the actor confirmed, according to the Daily Mail. “He has never hesitated to pay his daughter's child support and expenses. He does not go back on his word. He fulfills his obligation.”

At the time of Cruise and Holmes' separation, Cruise agreed to pay $400,000 a year in child support, which he can no longer afford now that Suri is 18 years old.

The agreement also required the actor to pay other expenses, such as Suri's health care, insurance and dental care.

Earlier this year, Suri made headlines when she chose to adopt her mother's middle name, Noelle, while dropping her father's name.

The decision, which shocked many, was reportedly made by Suri as a tribute to her mother, who was her primary caregiver for most of her life.

“She praises her mother using her middle name,” a close source said. Page sixadding that Suri “wants to live with her own identity”, an identity that is not tied to her absent father.

The teenager who recently split from her boyfriend, Tooby Cohen, has already started using the name publicly.

He was first spotted as one of the names on the casting sheet for her high school play, “The Addams Family: A New Musical,” in which she played the role of Morticia Addams.

At the teen's recent graduation ceremony at LaGuardia High School, the ceremony flyer also contained the new name.

A year before Suri's birth in 2006, Cruise proclaimed his love for Holmes by jumping on Oprah Winfrey's couch during her talk show “The Oprah Winfrey Show” in 2005.

A few months later, the couple married in a lavish ceremony, gracing the pages of Good morning! review as Hollywood's newest power couple.

However, the glamor of their marriage quickly faded, culminating in Homes filing for divorce five and a half years later, a decision that reportedly caught Cruise off guard.

Suri, then just six years old, found herself in the spotlight amid speculation surrounding her parents' separation and Tom's affiliation with Scientology.

After Cruise and Holmes divorced, the actress was granted sole custody of their daughter, shielding her from Scientology controversies, while Cruise retained visitation rights.

However, despite his visitation rights, Cruise's sightings with Suri declined over the years, with prolonged absences of more than 100 days throughout the year.

During a court deposition against tabloids in November 2013, Cruise allegedly admitted that Holmes filed for divorce “to protect Suri from Scientology.”