Kevin Jonas, a member of the famous Jonas Brothers, recently shared how he lost almost all of his money after the band split in 2013. Kevin, now 37, opened up about his financial struggles during an appearance on Lewis Howes’ The School of Greatness podcast on July 7.
He was joined by his brothers, Nick and Joe Jonas, to discuss how they’ve learned important life lessons after going through tough times.
Kevin admitted on the podcast that he made several business decisions in his younger years that ended up costing him almost everything he had earned.
“I’ve seen the beginning of success — not knowing what money really was — to losing almost all of it,” Kevin explained during the interview.
How Kevin Lost His Money
Kevin went on to explain that his financial troubles started after a bad partnership that happened about nine years ago. He invested in real estate and other projects, but things didn’t work out as he had hoped.
“I invested in a bunch of property and doing other things, and sadly, it wasn’t the right partnership,” Kevin shared, although he didn’t want to go into too many details. Despite the financial setback, Kevin said he learned valuable lessons from the experience.
Thankfully, things turned around for him when the Jonas Brothers reunited. Kevin said, “It was kind of fortuitous in a way” that the band came back together, and it gave him another chance at success.
The Breakup and Comeback of the Jonas Brothers
The Jonas Brothers, who began their rise to fame in 2005, experienced a whirlwind of success. They released their debut album It’s About Time in 2006, starred in Disney’s Camp Rock in 2008, and became global superstars. However, in 2013, the band announced that they were splitting up.
The youngest Jonas Brother, Nick, later revealed that the breakup was tough. “When it ended, it was not good,” he said in a 2019 interview. “It was a couple of years of rebuilding our family, and it seemed impossible for us to do this ever again.”
During the five years the band was apart, each brother worked on their own personal projects. Kevin, in particular, focused on his entrepreneurial ventures. He started a company called The Blu Market, which helped social media influencers with their strategies.
He also invested in tech, helping create a restaurant app called Yood and becoming a partner in the social media platform We Heart It.
The Band’s Big Comeback
In 2019, the Jonas Brothers made a huge comeback when they announced they were getting back together on The Late Late Show with James Corden. They released their new album Happiness Begins in June 2019, and they even made a documentary about their journey called Chasing Happiness.
For Kevin, making the documentary was part of their healing process. He compared filming to therapy, saying it helped them have real conversations and address old issues. “[It] was great because we had to have real conversations and not hold back,” Kevin said. “So for us, it worked out in a good way.”
Kevin Jonas’ story of losing almost all of his money shows how even successful people can face big challenges. But it also shows how hard work, learning from mistakes, and second chances can lead to a fresh start. Today, the Jonas Brothers are back and better than ever, proving that it’s never too late to make a comeback.
