NEW YORK — Mathew Knowles says Beyonce's decision to part ways with him as a manager was part of her growing up.
In an interview with The Associated Press on Tuesday, Knowles called his daughter a "very, very smart businesswoman."
He said now that she's on the verge of 30, it's natural that she wants to have more control over her businesses.
Beyonce announced Monday that her father would no longer manage her career. He had done so since she was a teen.
Knowles said he's got his hands full with his Music World Entertainment label and its burgeoning gospel roster.
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However, he noted that he's manager for Destiny's Child. Although the trio officially "retired" a few years ago, Knowles said "hopefully" they'll reunite one day and tour.