I Am Poor Now - Beyonce's Daddy, Matthew Knowles

Matthew Knowles And Baby Mama, Alexsandra

Beyonce's Dad, 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. 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.
He made $3 million a year before his daughter fired him in 2011, now says he pulled in a paltry $127K in 2013. 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. TMZ