Matthew Knowles Net Worth is $50 Million (as of 2020)
It has been announced that the total amount of Matthew Knowles net worth is only 500 thousand dollars, knowing the fact that in his peak career his net worth reached as high as 50 million dollars. He has earned his net worth and fame because of his career as a music executive and businessman. Also, he has worked as a manager of many well known people in music world as well as a record producer. Therefore, music has been the main source of his fame as well as of Matthew Knowles net worth.
|Net Worth:||$50 Million|
Matthew Knowles was born in 1951 in Alabama. At one point in his career, he was working for Xerox. In addition, Matthew Knowles is known as a father of two well known female singers – Beyonce and Solange Knowles. A huge part of Matthew Knowles net worth was accumulated through his career as a manager of well known singers and bands, such as Destiny’s Child, Michelle Williams, Kelly Rowland, LeToya Luckett, LaTavia Roberson and some others. Therefore, working with such well known and successful people has no doubt increased the overall sum of Matthew Knowles net worth. In fact, he was also working as a manager of his daughter Beyonce’s music career.
Before he became involved into music world, Matthew Knowles was working for the Xerox Corporation. In 1992 he got involved into music when he founded his own music production company called Music World. Over the years, Matthew Knowles made his company as one of the most successful and influential music production companies in this industry. Also, this company represented one of the most successful girl bands in the industry, Destiny’s Child. Destiny’s Child became winners of major awards in the music world, such as World Music Awards, American Music Awards, Grammy Awards, MTV Awards, NAACP Image Awards and some others. Other well known music people who have been represented by his company include From Above, Sunshine Anderson, The Pastor Rudy Experience, his another daughter Solange Knowles and some others.
In addition to his career in music, Matthew Knowles is also known for some legal troubles. He has a song from Alexsandra Wright and recently he has asked the court to reduce his monthly child support money, which reaches 12 thousand dollars as he has stated that he is not as much as rich as he used to be before. In 2011, Matthew Knowles was earning as much as 3 million dollars.