Kevin Jonas Misplaced ‘Nearly All’ of His Cash After the Jonas Brothers’ Breakup

Kevin Jonas is opening up about dropping “virtually all” of his cash following the Jonas Brothers’ cut up.

Kevin, 37, appeared on Lewis Howes’ “The College of Greatness” podcast alongside his brothers Nick Jonas, 32, and Joe Jonas, 35, on Monday, July 7. They mentioned how they discovered what actually issues in life within the midst of dropping every little thing.

Kevin confessed on the podcast that he made a sequence of enterprise offers in his youthful years that finally led to him dropping virtually every little thing.

“I’ve seen the start of the success to monetary success — not realizing what cash actually was and understanding it — to not having [it], to dropping virtually all of it,” Kevin advised the podcast host.

Howes, 42, reacted with shock to Kevin’s confession, asking if he actually virtually misplaced all of his cash.

“Yeah, most of it, like, all the way down to the one 10 % left.” the oldest of the Jonas brothers responded.

The monetary troubles happened 9 years in the past on account of a foul partnership, Kevin mentioned. 

“I invested in a bunch of property and doing different issues and I used to be constructing on the time,” the singer mentioned earlier than persevering with. “Sadly, it wasn’t the fitting partnership, if you realize what I’m saying”

Kevin then stopped himself from elaborating, saying that he couldn’t share any extra particulars. He did add, although, that he “realized quite a lot of classes” from the expertise.

“Fortunately for all times basically, like we had a second shot and chew on the apple with the band coming again collectively,” Kevin mentioned, persevering with. “It was form of fortuitous in a means.”

Kevin mentioned he was in a position to reevaluate and apply these tough monetary classes the second time round, and it modified the best way he thinks concerning the music enterprise.

The Jonas Brothers skilled a whirlwind of success starting in 2005, after they launched into their first tour. They launched their debut album It is About Time in 2006 and starred in Disney’s Camp Rock in 2008. However in 2013, the brothers referred to as it quits. 

“When it ended it was not good,” the youngest Jonas Brother mentioned in an interview with Z100 in 2019. “It was a pair years of rebuilding our household, and in our thoughts it appeared unattainable for us to do that ever once more.”

The band cut up for 5 years and through that point they labored on their very own private tasks. 

Kevin adopted his entrepreneurial pursuits, which included creating an organization referred to as The Blu Market, offering social media influencers with strategic assist. He additionally invested within the tech world, serving to create the restaurant-finding app Yood and turning into a associate of social media app We Coronary heart It.

Then, in 2019, the brothers introduced their comeback on James Corden’s Late Late Present. Their album, Happiness Begins, was later launched in June of that yr, together with a documentary detailing the band’s historical past.

In accordance with Kevin, making the Amazon Prime Video movie, Chasing Happiness, was a part of their therapeutic course of.

“[It] was nice as a result of we needed to have actual conversations and never maintain again,” Kevin mentioned, evaluating the manufacturing to remedy. “So for us, it labored out in a great way.”