Beyonce's dad, Mathew Knowles, is no longer her manager
"I am grateful for everything he has taught me," Beyonce said in a statement to People. "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," she continued. "I am grateful for everything he has taught me."
In 2009, Mathew and Beyonce's mother, Tina Knowles, filed for divorce after reports that he had fathered a child with a woman outside the marriage. At the time, according to the New York Post, Beyonce was not speaking to her father as of June 2010.
In a separate statement released on Monday (March 28), Matthew Knowles acknowledged that the decision for him to step out of Beyonce's career was mutual.