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Busting bad dish!

Beyonce Will No Longer Be Managed by Her Father

Truth rating: 10

(GettyImages.com)

Beyonce has ended her business relationship with father Mathew Knowles, who served as her manager.

According to a statement released by her publicist, Beyonce explained that she and her dad would part ways “on a business level,” although no specific reason was given.

“I am grateful for everything he has taught me,” said the superstar. “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.”

The elder Knowles had guided his daughter from her teen years with girl group Destiny’s Child to her spectacular success as a solo performer.

Mathew Knowles also managed Destiny’s Child members Kelly Rowland and Michelle Williams when they launched their own solo careers.

He and Beyonce’s mother Tina Knowles divorced in 2009.

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