Rumors were going around several months back that Beyonce had fired or was thinking about firing her father, Matthew Knowles, as her manager. The rumors started when it was confirmed that Matthew cheated on Beyonce’s mom, Tina, and impregnated another woman. It seems like Matthew Knowles is going nowhere. So Jay-z is not slated to replace Matthew Knowles. According to a statement released by Music World Entertainment (Matthew’s Label):
Contrary to false rumors online, Beyonce and her manager Matthew Knowles unequivocally have had and continue to have a close personal and business relationship. Matthew Knowles is the sole and exclusive manager to Beyonce.