Kevin Jonas has openly shared details about how he lost a substantial amount of his money during the Jonas Brothers’ period of inactivity. In a recent discussion with his brothers, Nick and Joe, on The School of Greatness podcast on Monday, June 7, the 37-year-old musician spoke candidly about his financial struggles.
Kevin admitted that he made some poor business choices while the band was on hiatus, which led to him losing a large portion of his wealth. “Most of it, like, down to the one 10 percent left,” he revealed.
While keeping many specific details private, Kevin explained that a significant amount of the loss stemmed from investing in “a bunch of property.” He noted that this “wasn’t the right partnership” for him, ultimately causing considerable financial trouble. It’s worth mentioning that during the group’s break, Kevin ventured into various businesses, including launching a food app called Yood and co-founding JonasWerner, a real estate company specializing in constructing luxury homes in Manhattan, among other ventures.
