Katie Holmes claims Suri Cruise is not a millionaire from Tom Cruise's trust fund

In April 2024, Suri Cruise, the daughter of actors Tom Cruise and Katie Holmes, turned 18 and began her college journey at Carnegie Mellon University in Pittsburgh. Amid her transition to adulthood, rumors surfaced suggesting that Suri accessed a substantial trust fund established as part of her parents' divorce agreement, which purportedly became available when she reached this milestone age. Sources claimed that Katie Holmes, who raised Suri alone for over a decade, was allowing her daughter to manage funds responsibly to avoid overwhelming her with sudden wealth. However, in response to these speculations, Katie made it clear through a post shared on Instagram that the rumors of Suri becoming a millionaire were False. She expressed frustration with the media's portrayal of her daughter's financial situation by labeling the reports as completely False and requested the media to stop fabricating stories regarding her family's affairs. In the backdrop of this, it is notable that Katie has also set up a separate trust fund for Suri, ensuring her daughter has a good quality of life despite the challenges stemming from her parents' high-profile, public divorce. The dynamics surrounding Tom and Katie's relationship and the custody arrangements have been scrutinized since their marriage ended, affecting how both parents share responsibilities regarding Suri's welfare. Although Suri has largely lived with Katie, her growing independence as she embarks on her college journey signifies a new chapter in their relationship. Katie's public denial serves as a reminder of the close bond she aims to maintain with her daughter amidst the pressures of public interest and scrutiny over their lives.