Tom Cruise is a multimillionaire actor and producer from the United States with a net worth of $600 million. Tom Cruise has featured in scores of huge blockbuster films over the previous three decades and is now widely regarded as one of Hollywood’s biggest stars.
Tom Cruise spent his formative years traveling around the United States, including a brief sojourn in Canada. His first acting experience occurred in high school, when, after being forced to withdraw from the wrestling team due to a knee injury, Cruise joined the drama club and soon earned the main part in the group’s production of Guys and Dolls.
After graduating from high school, Cruise relocated to Los Angeles to pursue an acting career. He quickly landed a handful of lesser and supporting parts.
Cruise made his film debut in 1983 with Risky Business. The film established Cruise as a rising celebrity, earning him his first Golden Globe nomination.
His subsequent box office smashes including 1986’s Top Gun, which grossed $356 million globally, and 1989’s Rain Man, which won four Academy Awards.
Cruise received his first Academy Award nomination for Born on the Fourth of July a year later, followed by a Golden Globe nomination for A Few Good Men.
Cruise starred in and produced Mission: Impossible, making $457 million worldwide and spawning two more lucrative sequels.
Cruise also produced The Last Samurai, The Others, and Shattered Glass. Cruise earned his second and third Academy Award nods for the critically acclaimed and financially successful films Jerry Maguire and Magnolia, for which he also won a Golden Globe.
Cruise’s films have grossed well over $100 million globally to date. Tom has been married three times, most recently to actresses Mimi Rogers, Nicole Kidman, and Katie Holmes.
Settlement of Katie Holmes’ Divorce
From 2006 through 2012, Tom and Katie were married. Their union resulted in the birth of a daughter, Suri. Tom entered the marriage with a net worth of $250 million, while Katie came into the marriage with less than $10 million.
Tom insisted on a strong prenuptial agreement with so much more to safeguard. Tom is required by the rules of their divorce to pay Katie $400,000 a year in child support for 12 years (until 2024).
That’s $33,000 every month, or $4.8 million in total. Additionally, Tom is responsible for Suri’s medical costs, schooling, insurance, and any extracurricular activities. Katie is the sole custodian of Suri and has opted not to raise her in Scientology.
Katie was not paid spousal support or a lump sum cash payment. Katie reportedly chose not to seek spousal support to retain complete custody and control over Suri’s upbringing.
Milestones in Salary and Earnings
Tom got $75,000 for his performance in Risky Business. His salary was increased to $500,000 for 1985’s Legend. Tom made $2 million a year later as a star in Top Gun. From that moment on, his profits surged throughout his career.
Cocktail grossed $3 million, Days of Thunder grossed $9 million, Far and Away grossed $13 million, and A Few Good Men grossed $12 million. Interview with the Vampire paid him $15 million.
Tom received $70 million for his credits on the original Mission Impossible, thanks to his producer credit. For Mission Impossible 3, he received $75 million.
Tom’s two highest-grossing films are Mission Impossible 2 in 2000 and War of the Worlds in 2005. He made a whopping $100 million from EACH film because of lucrative backend points.
Tom Cruise is third on a list of the ten highest-paid actors of all time (for a single film). His previously stated $100 million paydays are third and fourth in terms of total earnings, after Bruce Willis’ $105 million Sixth Sense and Keanu Reeves’ $156 million Matrix.
Tom made $445 million in film earnings between 1983 and 2011. Between 2011 and 2019, he made another $300 million, bringing his total career earnings (pay and incentives) to $745 million between 1983 and 2019.
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Residential Real Estate
Tom now owns and has previously owned several spectacular homes around the United States.
Tom sold a $3 million condo on the tenth level in New York City’s East Village in 2013.
He sold a multi-residence property in the Hollywood Hills for $11.4 million in September 2015. Eva Longoria was the purchaser.
Tom sold his Beverly Hills mansion to billionaire businessman Leon Black for $40 million in May 2016. He paid $30.5 million for the mansion in 2006 while he was still married to Katie Holmes.
Tom built a big house in Telluride, Colorado, in the mid-1990s while married to Nicole Kidman. His Telluride estate encompasses 320 acres.
The primary residence is 10,000 square feet and features seven bedrooms, nine bathrooms, horse stables, and a private helipad. He spent years pushing the local airport to enlarge its runway to accommodate larger private planes.
In 2010, his request for a runway was realized. He advertised this mansion for $59 million in 2016 but could not find a buyer.
He advertised the property again in 2018 and was unsuccessful in finding a buyer. He re-listed the residence for $39.5 million in March 2021. Tom eventually sold the home for exactly $39.5 million in May 2021.