Celebrities

More Problems For Mathew Knowles; Allegedly Owes Over 1.2 Million In Taxes

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matthewknowlesCelebrities are being audited left and right these days. So it is no surprise that Mathew Knowles would be in that fold. Knowles, the father to Beyoncé and Solange, is reported to owe more than  $1.2 million in taxes for the years 2010 and 2011.

The IRS wants $485,575.95 for 2010 and $78,004.89 for 2011. This is all according to TMZ. During those years, Knowles was managing his daughter, Beyoncé, and was heading up his own record label.

Knowles founded Music World Entertainment in 1992. The conglomerate went on to become one of the world’s leaders in entertainment, with over 300 million record sales, worldwide. Under MWE, Knowles established several smaller entities which included Music World Music, Music World Gospel, Music World Kids, and Music World Country/Compadre.

Successful artists from MWE, of course, included, Beyoncé, Solange, Sunshine Anderson,  and gospel sensation Trin-i-tee 5:7.  A true business man, Knowles also established several ventures outside of his company with ESSENCE Communications, Nintendo, Pepsico, Verizon, L’Oreal, American Express, and Soft Sheen-Carson, to name a few.

Knowles also launched a family oriented entity called, Music World Kids. The label included the release of youth projects like Baby Jamz, Krazy Kuzins, Kid’s Rap Radio, Music World Kids CD 5-pac, and music for Nickelodeon’s Wow! Wow! Wubbzy! Cartoon series.

Knowles has had many problems in his past, which may have led to the brief estrangement between he and Beyoncé, back in 2009. At that time Knowles was allegedly having an affair with one Alexsandra Wright whom he now has a son with. His affair allegedly caused the breakup of his 31 year marriage to Tina Knowles. In January, it was reported that Knowles had threatened Wright via email. He currently pays Wright $12,000 a month for their child.

Asa Lovechild is an accomplished actress and singer out of New York City and a supporter of  One Billion Rising

Follow @asalovechild

www.facebook.com/asaentertainmentgroup

www.asalovechildworld.com

233 Comments

  1. Ish Muhammad

    May 14, 2013 at 11:43 am

    Balance the American Budget on Black Backs Sounds like Slavery All Over Again,This is Another trick from the Enemy only We owe Taxes No One Else! And Negroes Running Around talking about He loves Everybody When Everybody Else Don’t Give a Damn About Us! Just stay in your Hood & Eat that Swine & pay your Taxes! If you say We Are Sub-Human I’ll take that But I think you & your Kind are the Devils on our Planet now put that in your Pipe & Smoke That! To you Sambos who love enemies more then you love our own kind Move the Hell away from us we don’t need y’all stool pigeon Asses! Your Ghetto Passes have been Revolked! Indefininantly We may as well go back to Sharecropping SMH

  2. james

    May 14, 2013 at 12:41 pm

    This man own interest in all these companies and owe onlyu $1.2million?

    Is this really news ?

    I am unemployed (company closed down) worrying about paying Auto Insurance, Rent and Health Insurance. Do you think I really care about this wealthy mans debts?

    What a silly article.

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