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It’s official! Beyonce a/k/a “Sasha Fierce” has announced her longtime manager and father Matthew Knowles have parted ways on a “business level.” Knowles has managed his daughter since the late 1990’s when she was in the multi-platinum group Destiny’s Child and throughout her solo career. 

You may wonder, “Why Now?” According to their official statements released this morning, the decision was mutual.  Here’s what both father and daughter say:

Beyonce- “I am grateful for everything he has taught me.  I grew up watching both he and my mother manage and own their own businesses.  They were hardworking entrepreneurs and I will continue to follow in their footsteps.”

“He is my father for life and I love my dad dearly.  I am grateful for everything he has taught me.” Beyonce said.

“The decision for Beyoncé and Music World Entertainment to part was mutual. We did great things together, and I know that she will continue to conquer new territories in music and entertainment. Business is business and family is family. I love my daughter and am very proud of who she is and all that she has achieved. I look forward to her continued great success.”

We wish the two continued success and look forward to what the future holds for Beyonce and Mr. Knowles.

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