When the Jonas Brothers broke up, Kevin Jonas seemingly wasn’t just heartbroken, he was nearly broke.
The trio appeared on a Monday episode of “The School of Greatness” podcast, hosted by Lewis Howes, where they opened up about everything from fame to finance. When Howes asked Kevin what “were the biggest lessons” he’s learned from “money, success and fame,” the eldest Jonas gave an unexpectedly candid answer.
“I’ve seen it both ways. 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,” Kevin revealed.
CJ Rivera via Associated Press
The revelation left Howes visibly surprised, prompting Kevin to explain how, at one point, his fortune had dwindled to just 10% of what it once was — a financial near-collapse that occurred “about nine years ago.”
“I invested in a bunch of property and doing other things, and I was building at the time. Sadly, it just wasn’t the right partnership, if you know what I’m saying — can’t really get too much into it.”
Kevin, now 36, said he “learned a lot of lessons” from the ordeal and ultimately feels grateful for a “second shot” after reuniting with his brothers in 2019. He called the experience “fortuitous,” though he admitted the hard-learned financial lessons weren’t exactly ones he ever wanted to face.
He continued to say the experience taught him how to reevaluate his approach to life.