Kevin Jonas reveals the financial crisis after the band’s break

Kevin Jonas reveals the financial crisis after the band’s break


The singer has lost almost any heritage between 2013 and 2019

Kevin Jonas, 37, surprised fans by opening his heart on the financial difficulties he faced after the separation of Jonas Brothers, which took place between 2013 and 2019.

The musician participated in the American podcast The School of GreatnessPresented by Lewis Howes, last Monday (7), together with the brothers Nick and Joe Jonas. During the conversation, he shared the details of a troubled period, in which he lost almost all the fortune accumulated with the success of the band.

“I started understanding what financial success was, but I didn’t know how to actually manage money. I lost almost everything. It was only 10%,” Kevin said, immediately causing surprise to the presenter and listeners. The confession attracted attention not only for frankness, but for the contrast with the public image of one of the greatest pop bands of the 2000s.

According to the singer, the situation worsened in 2016, when one of his commercial partnerships in the real estate field failed. “I invested in the real estate sector and in other areas. At the time I was building, but unfortunately I did not choose the right partnership,” he complained. Although in detail on the values, Kevin stressed that the damage was expressive and required many efforts to get around the problem.

The turn only came in 2019, with the long meeting of Jonas Brothers, who marked the group’s return to the stage and the charts of success. For Kevin, the meeting with the brothers represented the opportunity to reconstruct his financial and personal life with a new perspective.

“It was a second possibility. Not only for the band, but for me as an individual and as a professional. I returned with another mentality, with a more strategic vision of his career and business,” he said.

During the gap of the group, Kevin was not inactive. He tried to reinvent himself as an entrepreneur and investor. He created a consultancy for digital influencers, invested in technology and collaborated with the development of the application Yoodfocused on the search for restaurants. In addition, it has become partner of the social network Heartfocused on sharing images and visual references.

Kevin Jonas: The band’s story began in 2005 and won the world

Kevin also remembered Jonas Brothers’ first steps in the music scene in 2005 with the debut tour. In 2006, the group released the album The time has come And in 2008, he reached the star of the world with the protagonist of the film Camp RockDisney, next to Demi Lovato.

The singer finished the chat by strengthening the learning he has eliminated from everything he has experienced: “You can have talent and success, but if you don’t know how to manage what you have, everything can disappear. Today I appreciate every result, with my feet on the ground”.

Source: Terra

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