Matthew Knowles: Blue Ivy calls me 'Papa G'

Founder and CEO of Music World Entertainment and father of Beyonce Knowles, Matthew Knowles discusses his biggest successes and failures in new book, 'The DNA of Achievers.'

- Matthew Knowles, the once estranged father of singer, actress and fashion designer Beyonce Knowles, says their rift is far behind them now.

The grandfather to Knowles and husband rapper Jay Z's daughter, Blue Ivy, couldn't be happier with their current relationship.

"I got a nice video from her and Blue Ivy in the jacuczzi. Blue Ivy was saying-- she calls me 'Papa G'--  'Hi, Papa G," said Knowles.

The doting grandfather was quick to protect his unique grandchild's name online once she was born.

"I tried to grab the name. It's a great name. Hey, it's a beautiful name," said Knowles.

The music mogul and father to one of the biggest stars in the world talks more about life and it's ups and downs in his new book, 'The DNA of Achievers.'

"I will always be haunted by my personal and professional failures, as a business man as well as a human being," wrote Knowles.

But finding success, he says, is about growing no matter what.

"It goes on to say in that chapter that failure is an opportunity to grow, not a reason to quit. If you are a risk taker, there will be failure," said Knowles.

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