Mathew Knowles net worth: Mathew Knowles is an American music executive, businessman, record producer and manager who has a net worth of $500 thousand. Mathew Knowles built his net worth from being a manager, CEO and an executive record producer. He was born in Gadsden, Alabama. He used to be employed by Xerox. He is the father of Beyonce and Solange Knowles.
Mathew accumulated most of his net worth as the manager of major artists like Destiny's Child, LeToya Luckett, Kelly Rowland, LaTavia Roberson, Michelle Williams as well as of his eldest daughter Beyonce. Prior to embarking on a career as a star maker, Mathew Knowles spent 10 years working for the Xerox Corporation. He gave up his corporate career to dedicate fully on his flourishing music company, Music World, which he founded back in 1992. Over the years, Mathew saw his company grow into one of the world's leading music and entertainment companies. Under the company's guidance, Mathew helped Destiny's Child on their way to becoming one of the most successful female groups in the history of music. The group earned renowned accolades including World Music Awards, MTV Awards, American Music Awards, Billboard Awards, NAACP Image Awards, BET Awards and Grammy Awards. Other major names Music World has produced for are From Above, Trin-i-tee 5:7, Sunshine Anderson, J. Xavier and The Pastor Rudy Experience and his younger daughter Solange.
In a March 2014 child support case, Mathew Knowles requested that the judge reduce his $12,000 monthly child support payment for a son he has with a woman named Alexsandra Wright. In a court filing, Mr. Knowles claims to no longer be as wealthy as he once was. He earned $3 million back in 2011 but did not make more than $120,000 in 2012 and 2013.