Kevin Jonas recently revealed a lesser-known chapter of his life—one where he came dangerously close to losing it all financially. The oldest member of the Jonas Brothers appeared on the School of Greatness podcast hosted by Lewis Howes on July 7, where he candidly discussed the financial hardships he faced during the band’s hiatus.
From Fame to Financial Strain
While Kevin Jonas is known today as a successful musician and entrepreneur, he admitted that fame didn’t protect him from financial setbacks. “I’ve seen the beginning of success to financial success — not knowing what money really was and understanding it — to not having [it], to losing almost all of it,” he said during the interview.
When asked to elaborate on how much he lost, Kevin replied, “Yeah, most of it. Like, down to the one 10 percent left,” emphasizing the seriousness of his financial dip.
Risky Business Ventures Gone Wrong
Following the Jonas Brothers’ initial breakup, Kevin ventured into real estate, launching his company JonasWerner, which specialized in building luxury custom homes in the suburbs near Manhattan. However, not all investments turned out well.
He disclosed that he had entered into real estate deals that didn’t pan out, calling it a “wrong partnership” that ultimately cost him financially. While he refrained from diving into legal details, citing potential consequences, he made it clear that the situation had a profound impact on his life.
In addition to real estate, Kevin also explored tech and food-related ventures, including the mobile food app Yood and a partnership with the startup We Hear It.
A Triumphant Return to Music
Despite the financial turbulence, Kevin and his brothers—Nick and Joe—reunited in 2019, marking a major comeback with their fifth studio album, Happiness Begins. The album’s lead single, Sucker, became a chart-topping hit, reinvigorating the band’s popularity and restoring their momentum in the music industry.
