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| Money's too tight to mention |
Mathew Knowles -- who once made millions of dollars a year as Beyonce's manager -- just got his child
support slashed because his income has plummeted in radical fashion.support 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.
I don't get it though,why these men have to pay so much for a little child just cos they're rich,its ridiculous! We all know where the money is going to..the mothers! How can you pay $12,000 for a 3 year old? Does the child eat gold nuggets? SMH..I can understand if the coupe had been together for many years and she wasn't able to work..frankly these fees are ridiculous in my opinion..anyway moving on...
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.
Not great news for Alexsandra, who's been getting $300 a month in food stamps.
The family court judge apparently validated his financial plight, and reduced his child support to $2,485 a month.
Not great news for Alexsandra, who's been getting $300 a month in food stamps.
source TMZ