Katie Holmes spending spree

Katie Holmes spends £10million in 6 months

Katie Holmes has been doing her bit to boost the economy during the credit crunch – by spending £10 million in just six months.

Since moving to New York last July to appear in All My Sons on Broadway, Tom Cruise’s wife has managed to rack up the whopping sum – with most of it going on real estate.

The actress is believed to have bought three apartments in the block where she is staying. She was originally staying in a flat owned by Tom, but decided to invest in apartments in the building, along with converting a personal gym for Suri.

Other costs eating up her hard-earned pennies are reportedly childcare, clothes and socialising.

The 30-year-old has been so cash-splash-happy, the New York Post has dubbed her ‘Manhattan’s Most Valued Shopper’ during the credit crunch.

The paper joked: ‘She has been valiantly doing her bit to boost our economy.’

Katie is expected to move back to the Cruise family’s Los Angeles home after the play finishes next week.

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