(AllHipHop News) Beyonce’s father’s pockets might have got their best news in three years. This past Monday (March 3rd), a Los Angeles Supreme Judge Court judge significantly reduced the monthly child support Knowles is owed to Alexsandra Wright.
Back in December of 2009, Matthew Knowles’ ex-wife Tina Knowles divorced him after it was discovered that Matthew fathered a child with Wright while still married to Beyonce’s mother. Less than two years later, in March of 2011, Beyonce fired her father as her manager, which child support court documents allude to being the reason his income has dramatically dropped.
Due to this drop in income, Knowles’ child support payments to Wright were reduced by over 75% from $12,000 a month to $2,500 a month.
Back in July of 2011, Matthew Knowle sued Live Nation over allegations that the company informed his daughter that he “had stolen money from Beyonce on her most recent tour or otherwise taken funds that [he] was not entitled to” according to legal documents. Back in October of 2010, eight months after Beyonce’s I Am…Sasha Fierce international tour ended, an audit of her finances were done by a law firm representing Beyonce. Following the audit, it was concluded that her father in fact stole money from the singer.