Did Katie Holmes get to keep the millions of dollars of loot from her marriage?

Last week, Agent Bedhead had the breakdown of what Katie Holmes got in her divorce from Tom Cruise – it wasn’t much, as far as celebrity divorces go. Katie walked away with about $400,000 a year in child support from Tom ($33K a month), plus he pays all of Suri’s education costs (including college), plus all of Suri’s medical bills. Katie will not receive any alimony, and the sources seem to think that Katie did not get any lump-sum payout from Tom either – at least officially, although some of us think Tom might have made a lump-sum payment to Katie separately from the divorce proceedings.

What was not discussed in TMZ’s report last week, and what has not been discussed in the months of divorce coverage up until now is that for years during her marriage to Tom, Katie was a champion shopper. Katie spent money like water during her marriage, at various times “blowing through $200,000 at Barney’s in one year and spending $43,000 in spa treatments” during one season in 2009, and reportedly dropping $14 million over the course of six months when Tom and Katie were living in New York. So, what happened to all of that loot?

Katie Holmes didn’t get a huge payout from ex-husband Tom Cruise because of an ironclad prenup, but the Dawson’s Creek star will be keeping “millions of dollars in jewelry, designer handbags and other gifts” given to her by the Mission Impossible star during the course of their marriage, RadarOnline.com is exclusively reporting.

“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,” a source tells Radar.

“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.

“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.

As we previously reported, Holmes will have primary custody of Suri, with Cruise having liberal visitation. The former couple married in 2006, with Holmes deciding to pull the plug on the marriage earlier this summer.

‘Katie’s handbag collection includes custom made Hermes Birkins that would make any fashionista swoon,” the source reveals. “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.”

[From Radar]

Is this a strategic leak to dent the image of Saint Katie, who cares nothing for material items nowadays? Perhaps. But I also think it’s probably true – I’ve heard similar things in other celebrity divorces, and I think it’s quite normal for “assets” received by the wife during the marriage are hers to keep in the divorce. So maybe Katie was feathering her nest all along – she allegedly gets to keep millions and millions of dollars worth of clothes, handbags, shoes and most importantly, jewelry. And before you say,“But Katie left during the night, she probably didn’t take any of that stuff with her, she only took Suri and one pair of booties.” BS. She was preparing her getaway for months. You know she moved out all of her pricey stuff before she even dropped the divorce filing.

Here are some new photos of Katie and Suri in NYC over the weekend.


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