Beyoncé’s father, Matthew Knowles, use to make millions of dollars as Beyoncé’s manager up until 2011 when he was FIRED! Because of this, Knowles was able to get child support payments slashed in half due to the fact of his financial situation going down hill.
Knowles asked a judge to reduce the $12,000 monthly child support he pays to baby mama Alexsandra Wright, with whom he has a 3-year-old son.
Knowles claims that while his income has decreased, his expenses still remain high, coming in at around $51, 000 a month. He plans to liquidate his assets.
The family court judge ruled in his favor and has reduced child support to be $2,485 a month.
It seems like a win-win for everyone…… seeing as though Alexsandra was getting $300 dollars worth of food stamps a month!