Boy band member says a ‘bad business deal’ caused him to lose 90 percent of his money
How did your country report this? Share your view in the comments.
Diverging Reports Breakdown
Boy band member says a ‘bad business deal’ caused him to lose 90 percent of his money
Kevin Jonas revealed during a “The School of Greatness” episode that during the band’s break, he lost “almost all” of his fortune. The eldest Jonas Brother elaborated on this experience after host Lewis Howes asked the brothers about the biggest lessons they’ve learned from money and success.Fortunately, the Jonas Brothers reunited in 2019, which meant that Kevin had a chance to replenish his bank account. Next month, the band’s “Greetings From Your Hometown Tour” begins, which kicks off near their home base at MetLife Stadium in East Rutherford, NJ. The tour will stop in Syracuse on Aug. 19 at the Empower FCU Amphitheater at Lakeview.
The Jonas Brothers may be thriving today, but in 2013, the brother-led band broke up and their six-year hiatus seemingly took a toll on one of the brothers’ finances.
On Monday, Kevin Jonas revealed during a “The School of Greatness” episode that during the band’s break, he lost “almost all” of his fortune.
The eldest Jonas Brother elaborated on this experience after host Lewis Howes asked the brothers about the biggest lessons they’ve learned from money and success.
“I’ve seen the beginning of the success to financial success, not really knowing what money was and understanding it, to not having [it], to losing almost all of it,” Kevin explained.
He shared that “about nine years ago” there was a “bad business deal” that put him in an uneasy financial state.
Howes, surprised by Kevin’s confession, asked the 37-year-old how much he had lost.
“Most of it,” Kevin said, noting that he was “down to 10 percent left” of his fortune. As for what this botched business deal entailed, Kevin said: “I invested in a bunch of property and doing other things I was building at the time. Sadly, it wasn’t the right partnership, if you know what I’m saying. Can’t really get too much into it, but the sad part of it is I’ve learned a lot of lessons in that.”
Fortunately, the Jonas Brothers reunited in 2019, which meant that Kevin had a chance to replenish his bank account.
“Thankfully, for life in general, we have a second shot and bite at the apple with the band coming back together,” he remarked. “It was fortuitous in a way. I learned this lesson — never wanted to learn it — but then at the same time, reevaluated how to approach life.”
The Jonas Brothers, originally from New Jersey, are an American pop-rock band consisting of brothers Kevin, Joe, and Nick. They got their start on Disney Channel, first appearing in the 2008 movie musical “Camp Rock” and its 2010 sequel “Camp Rock 2: The Final Jam.” They also had their own show on the network dubbed “JONAS L.A.”
Next month, the band’s “Greetings From Your Hometown Tour” begins, which kicks off near their home base at MetLife Stadium in East Rutherford, NJ. The tour will stop in Syracuse on Aug. 19 at the Empower FCU Amphitheater at Lakeview. The tour will return to Upstate NY again on Nov. 9 with a performance at KeyBank Center in Buffalo. Tickets are available via Ticketmaster. You can also check Vivid Seats and StubHub for resale tickets.