Matthew Knowles net worth

Matthew Knowles net worth

Net Worth: $2 Million

About Matthew Knowles

Matthew Knowles net worth

Matthew Knowles is a well known name in music. He is known as a record producer, manager, music executive and businessman. All these sources have increased the overall sum of Matthew Knowles net worth, which has been announced to reach 2 million dollars, as of right now. A huge part of his net worth has been accumulated mainly because of his careers as an executive producer, manager and CEO. Matthew Knowles is also known as a former employee of Xerox.

Moreover, Matthew Knowles is also known for his family relations. His daughters are also known to be famous, singers Beyonce and Solange Knowles. When Beyonce was a part of the band Destiny’s Child, Matthew Knowles worked as a manager of the band. Other acts, for which he was also a manager, are known to be Kelly Rowland, Michelle Williams, LeToya Luckett and Beyonce. Thus, managing these stars also increased the overall size of Matthew Knowles net worth.

Before he got involved full force into music industry, Matthew Knowles was working for the Xenox company. However, he left this job position when in 1992 he founded his own record label called Music World and got involved into music.

Music also soon became as the main source of Matthew Knowles net worth. Since that time, his label grew to be one of the most successful record labels in the world.

Under his guidance, Matthew Knowles made Destiny’s Child as one of the most commercially successful girl bands in the world. The band released a lot of best selling singles and albums. Destiny’s Child has also been awarded with numerous awards, such as MTV Awards, American Music Awards, Grammy Awards, Billboard Awards, World Music Awards and many more. Therefore, as being a vital part of Destiny’s Child crew, Matthew Knowles also became commercially successful. Other acts, which were signed to his label, are known to be Solange, From Above, J. Xavier, Sunshine Anderson and many more.

In 2014, Matthew Knowles asked the judges to reduce his payment of child support to his son from 12 thousand dollars because he stated that he is not so wealthy as he used to be and is not able to pay such a high child support. In 2011, his annual earnings reached 3 million dollars, however, in 2012 and 2013, his earnings decreased a lot and reached lower than 120 thousand dollars. Thus, it also shows a decrease in his net worth, as well.

Now you have an idea why Matthew Knowles net worth is this huge

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