More than ten years ago, Mathew Knowles began a partnership that helped transform Beyoncé into a household name. Now the 29 year-old singer is calling their relationship quits.

“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,” Beyoncé said in a statement.

Although Beyoncé has decided to separate their business affairs, she still has love for her dad.

“He is my father for life and I love my dad dearly,” Beyoncé said.

Mathew Knowles echoed his daughter’s sentiments.

“Business is business and family is family,” Mathew Knowles said. “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.”

Of the members of Destiny’s Child, Beyoncé is the last singer to part ways with Knowles. In 2009, Kelly Rowland ended their working relationship, and Michelle Williams split from the Knowles  in 2010.

But the news isn’t all bad for Beyoncé’s pop, Mathew Knowles says he will focus on producing Gospel and inspirational music for his record label.

Like Us On Facebook Follow Us On Twitter