Mathew Knowles was born on 9th January, 1952, in Gadsden, Alabama. He is a record producer, music executive, and manager. He became famous all over the world as the manager of Destiny’s Child, a very popular female group. The producer is also the father of Beyoncé and Solange Knowles.
So just how rich is Mathew Knowles? Sources estimate that Mathew’s net worth is about $500,000. He made his money as the manager of very popular artists, including Destiny’s Child, Kelly Rowland, Beyoncé, Michelle Williams, LeToya Luckett, and LaTavia Roberson. Even if Mathew used to have annual earnings above $3 million, his financial status has changed after the group Destiny’s Child broke and his daughter Beyoncé fired him. In the last four years, Mathew Knowles has had smaller income, estimated at $ 127,000. Back in 2011, Mathew Knowles had an estimated net worth of almost $50 million.
Mathew Knowles Net Worth $500,000
Mathew Knowles graduated in 1974 from Fisk University in Nashville, Tennessee. He has a Bachelor of Science degree in Business Administration and a Bachelor of Arts degree in Economics. In 1976, he moved to Houston and started working for the Xerox Corporation, where he has stayed for 10 years.
In 1992 Mathew Knowles quitted on his career in sales to start his own music company, called Music World Entertainment. This company included more recording imprints, such as Music World Country/Compadre, Music World Gospel, and Music World Kids, and had contracts with known artists, including Trin-i-tee 5:7, From Above, Vanessa Bell Armstrong, Sunshine Anderson, and Brian Courtney Wilson.
Mathew Knowles started making serious money after becoming the manger for “Destiny’s Child”. Mathew was producer and sometimes executive producer for all the group’s projects and, when the girls became famous, their manager’s net worth increased significantly. In fact, Mathew Knowles still earns a quarter of all money made by the group, from albums, endorsement, clothing lines, sales and royalties. This is considered the main reason why the group members, Beyoncé Knowles, Michelle Williams, and Kelly Rowland, are not accepting the offer of starting a new tour, because they don’t want to split the possible earnings with their former manager.
Beyoncé fired her father in 2011, after a scandal in which Mathew Knowles was accused of stealing money from his daughter, but this wasn’t the single thing that had negative effects over the producer’s net worth. He must also pay child support for two of his children, after paternity scandals: Mathew had two affairs with Alexsandra Wright and TaQoya Branscomb.
From 1980 until 2011, Mathew was married to Tina Knowles, the owner of “House of Dereon”. The couple had two daughters, Solange and Beyoncé. In 2013, Mathew Knowles married the former model Gena Charmaine Avery.
Now, Mathew Knowles teaches entertainment industry at Texas Southern University, in the School of Communications. The media has written several times about his financial problems in the last few years, and it seems Mathew’s company is not going well either. In 2014, the producer had to ask a judge to reduce the amount of money he has to pay as child support, because his net worth has been continuously decreasing.
Matthew Knowkes net worth is ZERO