The Brazilian is Antonio Conte's fourth signing of the summer transfer window and has a contract that runs through the summer of 2027.
Richarlison, 25, has played in 173 Premier League games for Watford and Everton, scoring 48 goals.
The Brazilian international was crucial in ensuring Everton's place in the top division last year.
Six of his ten goals, which he scored and assisted on five other times, came in the Toffees' last ten games.
Richarlison has received gratitude from Everton for his dedication and service.
With Richarlison's confirmation, Spurs' summer spending now stands at £85 million.
He free transfers Ivan Perisic and Fraser Forster and joins Yves Bissouma, a player worth £25 million.
However, Conte's buying binge won't stop at Richarlison.
Djed Spence, a star player for Middlesbrough, is a target for Spurs.
The North London club and Boro have been in stalemate talks for weeks.
Pervis Estupinan of Villarreal is also being pursued, and Dejan Kulusevski and Cristian Romero's loans from Serie A teams need to be converted into permanent deals.
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