Kevin Jonas revealed he almost lost his entire fortune due to a series of poor business decisions during the Jonas Brothers' hiatus in 2013. Speaking on The School of Greatness podcast, the 37-year-old shared how he went from financial success to nearly losing almost everything, with only about 10% of his money left.
The musician explained that about nine years ago, he invested heavily in real estate, but the partnerships didn’t work out as planned. Kevin had previously formed a real estate development company, JonasWerner, and invested in other ventures, including the food app Yood and a tech startup called We Hear It. However, these deals didn’t pan out well, and while he couldn’t disclose full details due to potential legal issues, he admitted the experiences taught him valuable lessons.
Kevin said the financial struggles forced him to rethink his approach to life and business. “I learned this lesson — never wanted to learn it — but I did,” he said. “At the same time, I felt honored to have a second chance when the Jonas Brothers reunited in 2019 and released their album Happiness Begins.”
The Jonas Brothers are now gearing up to release their seventh studio album, Greetings from Your Hometown, scheduled for August 8. Kevin’s story serves as a reminder that even successful stars can face setbacks but can recover with resilience and smart decisions.
SOURCE: Music News