AssetID: 54905579
Headline: UNCAPTIONED: Kevin Jonas nearly lost entire fortune after making 'bad' business deals
Caption: Kevin Jonas has revealed he almost went broke after losing money on a string of "bad business deals”. During an interview alongside his brothers Nick and Joe Jonas for The School of Greatness podcast this week, the musician recalled how he nearly lost his entire fortune when the Jonas Brothers went on hiatus in 2013. ”I've seen the beginning of the success to financial success - not knowing what money really was and understanding it - to not having (it), to losing almost all of it," he told host Lewis Howes. ”You almost lost all your money?" asked Lewis, to which the 37-year-old replied: "Yeah, most of it, like, down to the one 10 per cent left.” Kevin noted he had "invested in a bunch of property" around nine years ago but it "wasn't the right partnership”. Previously, the guitarist formed a real estate development company, JonasWerner, and invested in the food app Yood and tech startup, We Hear It. While the father-of-two couldn't speak in detail on the deals due to potential legal action, he insisted he "learned a lot of lessons”. The Jonas Brothers reunited in 2019 and dropped their fifth studio album, Happiness Begins, a short time later. ”I learned this lesson - never wanted to learn it - but I did. But then, at the same time, reevaluated how to approach life and, from that perspective, and (to) look into the future. At the same time, I was able to really feel honoured that we could have a second shot at it.” The Jonas Brothers are currently promoting their seventh studio album, Greetings from Your Hometown, which will be released on 8 August. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Kevin Jonas,Entire,Fortune,Singer,Musician,Bad,Business,Deals,Making,Group,Band,Jonas Brothers,Interview,Podcast,The School of Greatness,Joe Jonas,Nick Jonas
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