Katie Holmes started her acting career in 1997 but only made it big in Hollywood after she acted in Dawson’s Creek, which significantly increased her earnings. Read on to know how much is she worth in 2020.
Katie Holmes is regarded as an A-lister in Hollywood and she has had several successful films in her kitty. The actress reportedly got a hefty paycheck of $1 million for acting in the popular film Batman Begins.
Her other box office successes include Phone Booth, for which she was supposedly paid $500,000 and $1 million for Abandon. As Holmes has acted in more than a dozen films, she seems to have earned plenty of cash.
Tom Cruise and Katie Holmes were married from 2006 to 2012 and they had a prenuptial agreement that protected the high net worth of the Mission Impossible star. In theory, it also meant Holmes should have also got an attractive deal after their divorce.
The actress was likely entitled to an income between $100,000 and $1 million every year, according to a report by E! News. Unfortunately, things did not work out like that at the end.
The Batman Begins actress had to reportedly sacrifice her spousal support as she wanted the sole custody of their only daughter Suri Cruise. The actress allegedly did this to prevent her daughter from going to Scientology boarding school.
However, Katie Holmes does get a decent check for child support from her former husband. It has been reported in the past that Cruise is supposed to pay $400, 000 every year until their daughter turns 18. It also means Holmes will get a total amount of $4.8 million to raise her daughter singlehandedly.
Apart from acting, Katie Holmes has a decent income from being a brand ambassador for many companies including Bobbie Brown makeup and Alterna Haircare. A tabloid once reported that the actress could earn around $20,000 to appear at red carpet events and get snapped.
Katie Holmes mostly lives in NYC with Suri but had a big house in California as well. However, an outlet reported that the mansion was sold by her in 2020 for an estimated $4 million. In case the actress has not purchased another house with that income, her bank balance would have got a big boost after the sale early this year.
While the stunning actress has an attractive earning from her appearances, brand associations, films, and shows, she also has to pay a lot for her high living expenses. For instance, reports have it that Suri’s schooling alone costs her around $56,000 per semester or every year.
As of 2020, Katie Holmes had an estimated net worth of $25 million, Celebrity Net Worth reported. She has also added to her net worth by being a producer, as well as, a director.
Katie Holmes Biography
Born two months premature at four pounds, Kate Noelle Holmes made her first appearance on December 18, 1978, in Toledo, Ohio. She is the daughter of Kathleen Ann (Craft), a philanthropist, and Martin Joseph Holmes, Sr., a lawyer. She is of German, Irish, and English ancestry. Her parents have said that her strong-willed personality is probably due to her early birth. Being the youngest in the Holmes clan, completing the family of three other sisters and one brother, Katie was always the baby.
As a teenager, Katie Holmes began attending modeling school. When she was sixteen, her teacher invited her to go to a modeling competition with other girls from her class. She competed in the International Modeling and Talent Association by singing, dancing, and reciting a monologue from To Kill a Mockingbird (1962). By the end of that time in New York, Katie won many awards. But she said she didn't want to model because it wasn't challenging enough. So when Katie Holmes was seventeen, Katie went to Los Angeles to audition for movies. Luckily, on her second audition, she was cast in the movie, The Ice Storm (1997), directed by Ang Lee. Katie's character was Libbets Casey, a rich New Yorker, who is pursued by two of the main characters. It was a small part, but it marked the beginning of her professional acting career.
After the excitement of her first movie, Katie Holmes began sending in audition tapes for pilot shows. During that time, she was also starring in her all-girls Catholic high school musical, Damn Yankees, as Lola. After Kevin Williamson received her audition tape for his new show, Dawson's Creek (1998), the producers wanted her to come to Hollywood right away and read live for them. But because they wanted her to come on the opening night for Damn Yankees, Katie had to tell them she couldn't make it. Fortunately, the show's producers wanted her so much for that role, they rescheduled her callback and the result was she got the part as Joey Potter. During her first year with Dawson's Creek (1998), Katie was able to do two movies, Disturbing Behavior (1998) and Go (1999), and, for the former, she won Best Breakthrough Female Performance at the 1999 MTV Movie Awards.
The following year, she starred next to Michael Douglas in Wonder Boys (2000), playing Hannah Green, a published author and a boarder at her teacher's (Douglas) house, who has a crush on him, and tries to seduce him. Her first leading role came in 2002, with Abandon (2002). Katie Holmes played a college student named Katie Burke, who is haunted by the mysterious disappearance of her boyfriend who vanished two years prior. With Dawson's Creek (1998) coming to a close after six years in May of 2003, it was a bittersweet moment for all the cast. Accustomed to being in North Carolina filming ten months out of a year, the cast members now had the opportunity to make more movies.
Katie Holmes demonstrated this in October, when she had two new movies, Pieces of April (2003) and The Singing Detective (2003), coming out in that month alone. Pieces of April (2003) is a charming Thanksgiving movie about April (Holmes), the black sheep of her family, who wants to give her family the perfect dinner before her mother passes on. The Singing Detective (2003) is a dark musical where the main character (Robert Downey Jr.) was a writer in a hospital for skin conditions who writes a dark world of seduction and murder in his mind. Katie Holmes played the kind Nurse Mills who tends to his every need. She also gets to lip sync and dance in this movie. In 2004, she starred in the romantic movie First Daughter (2004), in which she played the President's (Michael Keaton) daughter, Samantha, who wants to go to college without any Secret Service tagging along. In 2005, Katie Holmes co-starred in Batman Begins (2005), where she played Rachel Dawes, a childhood sweetheart and love interest to Batman/Bruce Wayne.