BOLLYWOOD: While Priyanka Chopra and Nick Jonas are enjoying their time as a newly-engaged couple, recent reports have revealed that Nick’s father, Paul Jonas is now in trouble due to his real estate company and has filed for bankruptcy.
According to a report in TMZ, Paul’s company has over $1 million in debt, including a $268k judgment from a case his company lost. As a result, his company declared bankruptcy and in order to come up with the cash, Paul decided to sell off some of the company’s property in New Jersey.
The Jonas Brothers had a successful career in the past before they parted ways in 2013. They sold millions of records worldwide and the trio has continued building their portfolios on their own.
Nick Jonas is reportedly worth $25 million. Though he has made most of his money as a solo artist, he has also got a budding acting career and recently starred in the Jumanji remake.
Meanwhile, Paul Jonas and his family were recently in Mumbai for Priyanka and Nick’s official engagement. The engagement ceremony was celebrated by close family members and later with celebrities from Bollywood.