'I've learned a lot': Musician nearly went broke after his pop band split
Jonas' significant financial loss was the result of 'a bad business deal,' he disclosed on a recent episode of 'The School of Greatness' podcast.
'I've seen the beginning to financial success — not knowing what money really was and understanding it — to losing almost all of it," the 37-year-old told host Lewis Howes.
About nine years ago, Jonas said he had roughly 10% of his money left after he 'invested in a bunch of property and [was] doing other things and I was building.'
'Sadly it just wasn't the right partnership,' the musician added.
Despite nearly going broke, Jonas is grateful that he and his brothers — Joe and Nick — were given another chance at fame.
'I learned this lesson, never wanted to learn it but I did, but then at the same time re-evaluated how to approach life from that perspective and look to the future, and at the same time was really able to feel honored that we could have a second shot at it,' Jonas said.
The Jonas Brothers first took a hiatus in 2011 before officially splitting in 2013. They reunited in 2019 and released their first music in six years.
The Jonas Brothers will celebrate their 20th anniversary with the 'Jonas20: Living the Dream' tour that kicks off in their native New Jersey in August.
Click here for information on where to buy concert tickets.
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Read the original article on MassLive.
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