JUST IN: Tom Cruise and Katie Holmes daughter Suri Cruise turns overnight millionaire after dad activates his…see more

daughter of Tom Cruise and Katie Holmes, has reportedly hit the millionaire mark after gaining access to a trust fund set up by her estranged father.

Turning 18 earlier this year, Suri made her first step toward independence. The trust fund, part of her parents’ divorce settlement, ensures she receives an initial amount now, with the remainder accessible in her 30s.

$400,000 annually as part of their divorce settlement, which included $33,000 monthly payments for Suri until she turned 18. In April as Holmes’ lookalike daughter enrolled in college, those payments stopped but her lifestyle remains unchanged, thanks to the activation of her substantial trust fund. Meanwhile, Holmes has also ensured her daughter’s financial security by setting up a separate fund for her future.

“It is part of the divorce deal that a trust fund provided by Tom Cruise be shared with daughter Suri Cruise when she turns 18, and it is substantial,” a source informed Daily Mail.