Good lord! Talk about the bottom falling out. That’s the situation it seems Mathew Knowles is in these days.

Knowles who was once the HNIC of Team Beyonce/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 raggedy for Knowles 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 baby mama Alexsandra Wright, with whom he has a 3-year-old son.

Knowles — who made $3 million a year before his daughter fired his ass 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.

That’s not exactly great news for Ms. Wright, who’s also getting $300 a month in food stamps, but it sure beats ZERO.

11 thoughts on “Judge Reduces Mathew Knowles Child Support Payments, Cites His Lower Income

  1. I said it. on said:

    2485.00 is nothing to sneze at. It’s more than enough to take care of a three year old; especially after she adds her part.

  2. Matthew Knowles, is an idiot, this man had a beautiful wife of 31 years, and millions of dollars in the bank, and he threw it all away, for what? a cheap booty call, well, that booty call, is going to cost him plenty, I’m sure, Ms. Wright, wasn’t his only mistress.Time, and time again, we see so many high profile men, that are ruin financially, because they refuse be faithful to one person, these idiots, well never learn.

  3. I hope these woman think twice before getting involved with married man they think has money ! Wow what happens when they learn its the wife and the kids money not his ! They have to support their own children ! You get what you give feel sorry for the baby with 2 loser parents !

  4. iann11 on said:

    And people wonder why things are sooooooooo HORRENDOUS and HORRIBLE in the black community, It’s because of JACK ASSES like this Matthew Knowles, who shirk their responsibilities to their children. The plight of the black community is no surprise at all, just as long as you have GHETTO, GUTTBUCKET, DISPICABLE, RATCHET, TRIFFILING, HEARTLESS, SOULESS, BRAINLESS pieces of S___ like this male walking on the face of this earth, black children don’t stand a chance!!!!!!!!

    • If she get off her back and get a job, that makes two responsibility shirking parents. Unless you like the idea of supporting other people’s children with your hard earned tax dollars.

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