Tom Cruise, Katie Holmes split after five years of marriage: 'Tom is deeply saddened,' says actor's rep

Holmes and Cruise were once so lovey-dovey. ( Eric Charbonneau/WireImage)Tom Cruise and Katie Holmes are divorcing after five years of marriage, reports Peoplemagazine. According to the actress’ attorney Jonathan Wolfe, “This is a personal and private matter for Katie and her family. Katie's primary concern remains, as it always has been, her daughter's best interest."

Soon after Holmes' announcement, Cruise released his own statement on the split. "Kate has filed for divorce and Tom is deeply saddened and is concentrating on his three children," his rep tells People. "Please allow them their privacy to work this out."

The Hollywood couple wed in a lavish ceremony in Italy in November 2006 with their daughter Suri, then just a baby, by their side. It was the first marriage for Holmes and the third for Cruise, who was previously wed to Nicole Kidman and Mimi Rogers.

According to TMZ, the couple has a prenup. Together, they are worth a reported $275 million, with Cruise earning the bulk of that.