Mathew Knowles’ Asks Court to Have Child Support Lowered
Mathew Knowles who was once managed Beyonce and Destiny’s Child, making gazillions in the process, is now down and out and can barely pay child support.
TMZ is reporting that things are so bad for Beyonce's dad that he went to court to have the support payments slashed because his income has plummeted in radical fashion:
Knowles asked a judge to reduce the $12,000 monthly child support he pays to the mother of his 3 year-old son, Alexsandra Wright (pictured).
Knowles — who made $3 million a year before releived of his duties as Beyonce's manager in 2011 — now says he pulled in a relative paltry $127K in 2013.
And, Knowles says, even though his income has been slashed, his expenses remain sky high — $51,000 a month. To make up the shortfall, he’s liquidating his assets.
The family court judge apparently validated his financial plight, and reduced his child support to $2,485 a month.
Source: Eurweb
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