Donny Osmond “lost everything” in the 1980s and nearly went bankrupt.
The 65-year-old star – who has sons Don, Jeremy, Brandon, Christopher and Joshua with his wife Debbie – rose to fame alongside his four brothers as part of the family music group Osmonds in the 1960s before embarking on the successful career he made his pursuing a career as a solo artist in his own right, insisting that “happiness” doesn’t come from having money, even though he eventually fell on hard times financially.
He told this week’s CloserUS: “It wasn’t easy raising five boys. The more you show them unconditional love, the easier it can be, but it never eliminates all major problems. We went through a time when we didn’t have any money, although there was definitely a lot of love in the family. I lost everything in the 80s and almost had to file for bankruptcy. Money can not buy happiness. More important is the unconditional love that makes it cost nothing. We have tried to create such an environment in our home and we hope this attitude has spread to our children’s homes. It has a lot to do with loving one another, loving your neighbor, loving God, and being kind. We certainly need a bit more of that in this world.”
Donny – who now has a net worth of $18 million – enjoyed further success with his sister Marie when they bonded as a pop duo in the late 1970s, before the pair hosted daytime talk shows in the 1990s and there starring an 11-year stint in Las Vegas, but explained that if he had to say something to his younger self, he would “be patient” after suffering fears from the “pressures” of a show business career.
He added: “I would tell myself to be patient. When I was 30, I had many terrible fears. That started when I was about 11 years old. The pressures of show business peaked when I was in my 30s.” Playing Joseph [in ‘Joseph and the Amazing Technicolor Dreamcoat’] I didn’t have enough patience to realize, “Donny, you’re only human. you will make mistakes That’s okay.” So many people beat themselves up trying to be perfect. There’s no way we can be perfect. We can only try.”
