They jet around the world on a moment's notice, wear only the hottest designer labels and call A-listers like Will Smith and Jennifer Lopez their pals. But believe it or not, one of Hollywood's wealthiest families Tom Cruise, Katie Holmes and 23-month-old daughter Suri lives in an apartment. They plunked down $35 million for their dream home in 2007, and Tom and Katie have spent the past eight months making an extra $15 million in renovations! And there's no doubt which room is already Katie's favorite: her 1,500-square-foot walk-in closet. Says a friend of Katie's, "That closet is her pride and joy." But despite their lavish surroundings, when Tom and Katie aren't traveling for work, the couple's home life is surprisingly down-to-earth, the insider insists. After waking the kids and fixing them breakfast, Tom and Katie see Isabella and Connor off to classes with a tutor before Tom heads to his office. When Daddy's at work, Suri and Katie often have friends over for playdates. Many of Suri's pals include kids of her parents' friends like David and Victoria Beckham's 3-year-old son, Romeo, and Brooke Shields' 1-year-old daughter, Grier. The family comes back together at dinnertime and the cook is usually either Tom or Katie. After Suri falls asleep, Tom and Katie, who got married in November 2006, usually steal some alone time. For more on the Cruise's everyday home life, check out the latest issue of Life & Style, on newsstands now!

Read more at: http://www.lifeandstylemag.com/2008/03/in_life_style_now_at_home_with.php.