Jonas Brother's split leaves Kevin Jonas on financial brink
In a candid discussion on the "The School of Greatness" podcast, Kevin Jonas, the eldest member of the Jonas Brothers, revealed his financial struggles that followed the band's breakup in 2013. Jonas, a musician and a member of the band, shared that he lost almost all of his wealth due to poor business decisions, losing around 90% of his wealth as a result[2][3].
Jonas, who had previously invested in property and various ventures, admitted that his financial mistakes occurred when he didn't fully understand money and made ill-advised investments. He described this period as hitting "financial rock bottom," but emphasised that it became a turning point in his life[3].
The musician, who was down to his last ten percent of money approximately nine years ago, learned valuable lessons from his experiences and worked his way back, rebuilding his financial stability and making wiser choices[3]. Although he didn't provide specific details about his financial mistakes during the podcast, it is clear that he gained significant insight from the mistakes and used them to avoid similar pitfalls in the future.
Despite these challenges, the Jonas Brothers band is back together and celebrating their 20th anniversary with the "Jonas20: Living the Dream" tour, which will kick off in their native New Jersey in August[1]. The tour promises to be a celebration of the band's success and longevity, and a testament to their resilience in the face of adversity.
This candid discussion highlights how Kevin Jonas openly confronted his financial struggles and used the experience as a valuable life lesson[2][3]. His story serves as an inspiration to many, demonstrating that even in the face of financial hardship, it is possible to learn, grow, and rebuild.
Sources: [1] Variety. (2022). Jonas Brothers Announce 'Jonas20: Living the Dream' Tour. [online] Available at: [2] Daily Mail. (2022). Kevin Jonas reveals he lost almost all of his money after the Jonas Brothers' 2013 breakup due to bad business deals. [online] Available at:
- Despite his financial struggles following the Jonas Brothers' breakup in 2013, Kevin Jonas learned crucial lessons about personal-finance and budgeting, which enabled him to rebuild his wealth and make wiser investments.
- In an age where celebrity finances often dominate pop-culture, Kevin Jonas' candid discussion on "The School of Greatness" podcast serves as a reminder that even successful individuals can experience financial hardship, but with determination, they can overcome it.
- After hitting "financial rock bottom," Kevin Jonas' missteps in entertainment and finance led him to diversify his investments, ensuring a more secure future for him, a lesson that resonates with many in the realm of personal-finance management.
