Mathew Knowles Net Worth

Mathew Knowles Net Worth and Career Highlights

Early Life and Education

Mathew Knowles was born on January 9, 1952, in Gadsden, Alabama. He is the son of Matthew and Lou Helen Knowles. He graduated from Nashville, Tennessee’s Fisk University in 1974 with a Bachelor of Science degree in Business Administration and a Bachelor of Arts degree in Economics. Knowles also earned an MBA in Strategic Planning and Organizational Culture as well as a Ph.D. in Business Administration from Cornerstone Christian Bible College. Fisk University later awarded him an honorary Doctor of Humane Letters in 2008.

Career

In 1992, Mathew left the Xerox Corporation to pursue a career in the music industry with his company, Music World Entertainment. Under this company, Knowles founded the recording imprints Music World Kids, Music World Country/Compadre, and Music World Gospel. He managed Destiny’s Child, which included Beyoncé, Kelly Rowland, and Michelle Williams, and served as a producer on several of their projects. Mathew later managed the solo careers of all three members of the group.

Over the years, Knowles saw his company grow into one of the world’s leading music and entertainment companies. Under his guidance, Music World helped Destiny’s Child become one of the most successful female groups in the history of music. The group earned numerous accolades, including World Music Awards, MTV Awards, American Music Awards, Billboard Awards, NAACP Image Awards, BET Awards, and Grammy Awards.

Knowles has also published several books, such as “Racism From the Eyes of a Child” (2017) and “The DNA of Achievers: 10 Traits of Highly Successful Professionals” (2015). In addition, he has appeared on reality shows like “Chancers” and “Breaking From Above.”

Personal Life

Mathew Knowles married Celestine “Tina” Beyonce on January 5, 1980, and they had two daughters, Beyoncé and Solange, before divorcing in 2011. He then wed Gena Avery, a former model, on June 30, 2013. Besides his children with Tina, Mathew also has a son, Nixon, with ex-girlfriend Alexsandra Wright, and a daughter, Koi, with ex-girlfriend TaQoya Branscomb.

In March 2014, Knowles requested a reduction in his $12,000 monthly child support payment for Nixon, citing a decrease in his income. Despite his previous wealth, he claimed to have earned significantly less in 2012 and 2013.

Net Worth Over Time

Mathew Knowles currently has a net worth of $1 million. However, his net worth has fluctuated over the years due to his involvement in the music industry and various business ventures.

Knowles accumulated a significant portion of his net worth as the manager of major artists like Destiny’s Child, LeToya Luckett, Kelly Rowland, LaTavia Roberson, Michelle Williams, and Beyoncé. He also founded the successful music and entertainment company, Music World Entertainment.

In addition to his music career, Knowles has entered into partnerships with several record labels, including Sony Music, Fontana/Universal, and Interscope/Geffen/A&M. He has also ventured into other industries, such as real estate and cannabis farming.

Components of Net Worth

Mathew Knowles’ net worth is derived from various sources, including:

1. Music Management: As the manager of successful artists, including Destiny’s Child and Beyoncé, Knowles earned a significant income from concert tours, album sales, and royalties.

2. Record Production: Knowles served as a producer on several projects, contributing to his net worth through production credits and royalties.

3. Music World Entertainment: Knowles founded and managed Music World Entertainment, which has grown into a highly successful music and entertainment company. The company’s success and revenue have contributed to Knowles’ net worth.

4. Business Ventures and Partnerships: Knowles has entered into partnerships with major record labels and has ventured into industries like real estate and cannabis farming, generating additional income and diversifying his net worth.

Despite his financial success, Knowles has also faced financial challenges, as evidenced by his request for a reduction in child support payments. Like many individuals in the entertainment industry, his net worth can vary over time based on the success of his ventures and his overall financial management.

Overall, Mathew Knowles’ net worth reflects his accomplishments as a music executive, businessman, record producer, manager, and author in the entertainment industry.

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