Nick Jonas’s secret to successful investments

Popstar Nick Jonas has grown his estimated $80 million net worth by investing in brands like Olipop, Snackpass, and Magic Spoon.

Transcript

00:00Nick Jonas might be best known as a global pop star, but he's also a savvy investor.

00:05The 32-year-old has grown his estimated $80 million net worth by investing in fashion,

00:11food, and technology. He has backed buzzy brands like Olipop, Perfect Moment, and Magic Spoon.

00:16In 2022, Jonas joined in on the $1.85 billion soda line Olipop, partaking in a $30 million

00:24Series B funding round. That same year, he partnered with the viral cereal brand Magic

00:29Spoon as part of an $85 million fundraising series. The multimillionaire has gone on to

00:34invest in a wide range of ventures, but not every business makes the cut. When it comes

00:39to finding his next investment, Jonas told Fortune he looks for founders he can trust

00:44and a compelling company story.