Kevin Jonas Recalls Losing 'Almost All' of His Money Due to Bad Business Deals After the Jonas Brothers Split
Nick, Joe and Kevin Jonas of the Jonas Brothers recently appeared on the School of Greatness podcast, hosted by Lewis Howes, to promote their upcoming album, Greetings From Your Hometown. During their conversation, they discussed many topics. One of them was the biggest lesson the brothers learned from money, success and fame over the years.
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'I've seen it both ways,' Kevin answered. 'I've seen the beginning of the success to financial success, not knowing what money really was and understanding it, to not having to losing almost all of it — seeing bad business deals.'
He elaborated, saying he lost his fortune, almost nine years ago, 'down to the one 10 percent left.' He added, 'Invested in a bunch of property and doing other things and I was building at the time, and sadly it just wasn't the right partnership, if you know what I'm saying. Can't really get too much into it.'
However, Kevin 'learned a lot of lessons' from those experiences. 'Thankfully for life in general, like we had a second shot and bite at the apple with the band coming back together and actually it was kind of fortuitous in a way,' he said. 'I learned this lesson. Never wanted to learn it, but I did. Then, at the same time re-evaluated how to approach life and from that perspective and looking to the future and at the same time was able to really feel honored that we could have a second shot at it.'
The Jonas Brothers split in 2013 due to a 'deep, creative rift.' However, they reunited in 2019 with the release of the album Happiness Begins, which proved to be a commercial and critical success. They've also embarked on global tours, as well as individual projects. The Jonas20: Living the Dream Tour, their 20th anniversary tour, is set to begin in New Jersey, their home state, in August. It will also include Marshmello, the All-American Rejects and Boys Like Girls.
Greetings From Your Hometown, the Jonas Brothers' seventh studio album, releases from Republic Records on Aug. 8.
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