This Jonas Brother Says a Real Estate Deal Nearly Bankrupted Him After the Band Split

American pop rock band The Jonas Brothers have had their fair share of trials and tribulations over the years. After gaining popularity from their Disney Channel appearances, the band had multiple tours and studio albums under their belt, until October 29, 2013, when they officially announced that they had split.

Six years later, The Jonas Brothers took to social media to announce their comeback, and this year, they will be ringing in their 20th anniversary with the Jonas20: Living the Dream tour. But it was in those six years when the band split that one brother had an experience that left him nearly bankrupt.

On Monday, July 7, Nick, Joe, and Kevin Jonas appeared on the School of Greatness podcast to chat about some big life lessons they have learned from fame. But there was one lesson that Kevin learned that almost cost him most of his money.

"I invested in a bunch of property and doing other things and I was building at the time," said the eldest Jonas, adding, "Sadly, it wasn’t the right partnership, if you know what I’m saying?" He also admitted to "not knowing what money really was and understanding it".

Kevin, 37, didn't get into too much detail regarding specifics, but did state that the money loss was significant: "like, down to the one 10 percent left," he said.

Fortunately for Kevin, those times are far behind him. “Thankfully for life in general, like we have a second shot and bite at the apple with the band coming back together,” he said on the podcast.

Now, the band can look toward the future as they celebrate their 20th year. Their Jonas20: Living the Dream tour is set to begin August 9, 2025 and run until mid-November.