Kevin Jonas has revealed he lost “most of” his money nearly a decade ago, following the Jonas Brothers’ 2013 band break-up.
The 37-year-old New Jersey native and eldest JoBro appeared with his brothers this week on Lewis Howes’ “The School of Greatness” podcast, where he said he was left with just 10% of his fortune mere years into their hiatus.
“I’ve seen the beginning of financial success, not knowing what money really was and understanding it to … losing almost all of it,” Jonas said, attributing the latter to “a bad business deal.”
The “Burnin’ Up” artist explained that roughly nine years ago, he lost nearly all of his money after investing the bulk into “a bunch of property and doing other things and I was building at the time.”
“Sadly, it just wasn’t the right partnership,” Jonas said, noting he couldn’t get “too much into” the details of the deal.
“We had a second shot, bite at the apple, with the band coming back together,” he added of their 2019 reunion. “And it actually was kind of fortuitous in a way. I learned this lesson, never wanted to learn it but I did.”
The group — which also includes brothers Joe, 35, and Nick, 32 — is currently gearing up for the release of their new album, “Greetings From Your Hometown,” dropping Aug. 8, and a North American tour kicking off two days later.
The tour begins at MetLife Stadium in East Rutherford, N.J. on Aug. 10, before heading to Camden, N.J. on Aug. 14. There will also be four stops in New York — Bethel, Syracuse and Saratoga Springs next month, followed by Buffalo on Nov. 9. The tour is scheduled to wrap days later in Connecticut.
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