Kevin Jonas lost ‘most' of his money during Jonas Brothers hiatus due to bad investments
During a revealing appearance on The School of Greatness podcast, the 37-year-old musician admitted that a series of bad business decisions nearly wiped out his fortune. 'Most of it, like, down to the one 10 percent left,' he confessed when asked how much he lost during the break from the band.
The losses stemmed mainly from failed investments, including a risky venture into luxury real estate. Jonas co-founded a development company called JonasWerner, which focused on high-end properties in Manhattan, but it turned out to be a partnership that didn't pan out. 'It wasn't the right partnership,' Kevin said, choosing not to delve into the legal or personal details.
And that wasn't all, he also backed a now-defunct food discovery app called Yood during the break, which failed to gain traction.
Kevin didn't offer a complete breakdown of every dollar lost, but the tone was clear: his hiatus hustle backfired. 'I was trying to do something meaningful during the break. I had the right intentions, but I didn't have the right guidance.'
Despite the financial setback, Kevin is bouncing back. With the Jonas Brothers now back on the road and reconnecting with fans worldwide, he's refocused on music, and likely, a bit more cautious with business ventures.
The lesson? Even pop stars with chart-topping hits can find themselves deep in the red if the wrong investment comes knocking.
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