Kevin Jonas is getting real about life after the Jonas Brothers 2013 breakup—and how it might have affected his net worth. Speaking about his relationship to success, Kevin revealed that he lost “almost all” his money as a result of bad business deals before the Jonas Brothers got back together in 2019.
Kevin opened up about his financial history during an appearance on Lewis Howes’ The School of Greatness podcast when asked about his relationship to success, money, and fame. “I’ve seen the beginning of the success to financial success—not knowing what money really was and understanding it—to not having [it], to losing almost all of it,” he said, surprising Lewis.
The JoBro didn’t go into detail, but he did say that he lost “almost all of” his money after the band broke up, about nine years ago. “I invested in a bunch of property and doing other things and I was building at the time,” he said. “Sadly it wasn’t the right partnership, if you know what I’m saying.”
Kevin added that there was a time he was “down to the one 10 percent left” of his Disney/Jonas Brothers fortune. Granted, it’s unclear what exactly that means, given he was in one of the biggest boy bands of the 2000s. But, it’s still fair to say that losing all of that money must have been quite the shock to the system.
In fact, Kevin added that his experience helped him approach the music business a little differently this time around. “I look at our business as—we are like a start-up,” he said. And, just as a start-up is expected to release new products after making it big, the Jonas Brothers have also been pressured to make business decisions quickly.
Now, Kevin says, he’s learned to be more thoughtful about his decisions and not feel pressured to give answers right away. “To take some time is okay, to make a decision,” he said. “It’s okay to not know.”
If Kevin’s side projects are any indication, it looks like he’s also learned that there’s nothing wrong with a little diversity in your portfolio. In the past few years, he’s co-hosted a reality TV series, Claim to Fame, with his little brother, Frankie Jonas, and released two children’s books with his wife, Danielle Jonas, all while recording new music with his brothers.
Whatever decisions he’s making, it seems like they’re the right ones.
