Carter Reum may have first caught public attention for his relationship with socialite and media personality Paris Hilton, but he’s more than just the husband of a celebrity. Reum is a highly successful entrepreneur and venture capitalist with a knack for identifying and investing in innovative brands. With an impressive track record in business, Carter Reum’s net worth reflects years of hard work, strategic investments, and a commitment to innovation.
Early Life and Education: The Foundation of Success
Born in Wayne, Illinois, in 1981, Carter Reum was raised in a family that valued hard work and entrepreneurship. His father, Robert Reum, was a successful businessman who served as the CEO of Amsted Industries, one of the largest private companies in the U.S. Growing up in a business-savvy environment gave Carter an early understanding of what it takes to succeed.
Reum attended Columbia University, where he studied economics and gained insights into business and finance. After graduating, he started his career in investment banking at Goldman Sachs, gaining valuable experience before branching out into entrepreneurship. This solid educational and professional foundation would later contribute significantly to Carter Reum’s net worth as he embarked on his journey in business.
Building Wealth with VEEV Spirits
Carter Reum and his brother, Courtney, co-founded VEEV Spirits in 2007, a premium vodka brand made with the Brazilian superfruit açaí. At the time, the alcohol industry was dominated by traditional brands, but the Reum brothers saw an opportunity to create a sustainable and socially-conscious brand that catered to health-conscious consumers. VEEV was one of the first liquor brands to emphasize eco-friendly production, which made it stand out in a competitive market.
VEEV Spirits quickly gained popularity, thanks to its unique positioning and strong branding. It was one of the first companies to promote the idea of “better-for-you” alcoholic beverages, capturing the interest of millennials and health-focused consumers. Under Carter’s leadership, VEEV became a well-recognized name in the premium spirits market, contributing millions to Carter Reum’s net worth before the company was eventually sold in 2016.
M13 Ventures: Expanding Wealth Through Strategic Investments
Following the success of VEEV, Carter and his brother launched M13 Ventures, a venture capital firm focused on investing in high-growth startups. M13 Ventures has become one of the most notable venture firms in the U.S., specializing in early-stage investments across various industries, including technology, wellness, and consumer products.
Through M13, Carter Reum has invested in some of today’s most innovative and profitable companies, including Lyft, SpaceX, Pinterest, Ring, and Daily Harvest. The firm’s ability to identify disruptive brands has proven highly lucrative, significantly boosting Carter Reum’s net worth. M13’s investment philosophy centers around supporting companies that aim to transform their industries, and their track record has attracted other investors looking to collaborate on promising ventures.
The success of M13 has positioned Reum not just as a wealthy entrepreneur but as a respected investor who has a keen eye for future trends. With an estimated portfolio value in the hundreds of millions, M13 Ventures continues to be a primary contributor to his wealth.
Carter Reum’s Net Worth and Income Sources
Thanks to his entrepreneurial ventures and savvy investments, Carter Reum’s net worth is estimated to be around $40 million to $50 million. This wealth has been accumulated over years of business development, strategic investments, and high-profile acquisitions. His income sources are diverse, encompassing revenue from the sale of VEEV Spirits, returns from M13 Ventures, and royalties from his best-selling book, Shortcut Your Startup, which he co-authored with his brother.
Carter Reum’s net worth is not only a reflection of his business acumen but also his ability to diversify his financial portfolio. From liquor to technology startups, Reum has consistently chosen ventures that align with emerging consumer trends, allowing him to maximize both profitability and impact.
High-Profile Marriage to Paris Hilton and Public Image
Carter Reum’s relationship with Paris Hilton has certainly increased his visibility in the public eye. The couple began dating in 2019 and got married in a lavish ceremony in November 2021, a union that brought together two high-profile personalities. Hilton, a globally recognized socialite and businesswoman, has a net worth of her own, which adds a layer of financial power to their partnership.
While his marriage to Paris Hilton has brought more media attention, Carter has managed to maintain a relatively low profile when it comes to his business activities. Unlike many celebrity spouses, he has used his increased visibility to shine a light on his professional accomplishments and philanthropic interests, rather than relying solely on his connection to Hilton. This approach has earned him respect in both the business and social spheres, further enhancing his reputation and influence.
Author and Public Speaker: Sharing Insights on Entrepreneurship
In addition to his business ventures, Carter is also an author and public speaker. He co-wrote the book Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches, where he shares insights and strategies for building a successful business. The book offers advice on navigating the challenges of entrepreneurship and has been well-received by both new and experienced business owners.
Carter’s writing and public speaking engagements have not only contributed to his income but also enhanced his reputation as a thought leader in the startup world. These endeavors allow him to share his experiences and inspire the next generation of entrepreneurs, reinforcing his image as a credible and knowledgeable figure in the business community.
Carter Reum’s Lifestyle and Philanthropy
With a net worth in the tens of millions, Carter Reum enjoys a comfortable lifestyle that includes luxury properties, high-end travel, and exclusive events. His and Paris Hilton’s wedding showcased their wealth and taste, featuring a multi-day celebration that drew widespread media coverage.
Despite his wealth, Carter has a reputation for being grounded and focused on giving back. Both he and Paris are involved in various philanthropic activities, with Reum supporting causes that promote education and entrepreneurship. His philanthropic efforts align with his business philosophy of making a positive impact, whether through sustainable brands or charity initiatives.
Reum’s lifestyle reflects both his success and his commitment to using his resources for good. As he continues to grow his wealth, his focus on philanthropy and sustainable ventures suggests that his financial journey is about more than just personal gain.
Conclusion
Carter Reum’s net worth reflects a career built on strategic thinking, entrepreneurship, and a relentless drive to succeed. From co-founding VEEV Spirits to establishing M13 Ventures, he has consistently pursued ventures that not only yield financial returns but also make a positive impact in their respective industries. His marriage to Paris Hilton has added a layer of celebrity to his life, yet he continues to focus on his core passion for business and innovation.
Today, Carter Reum is not just known as Paris Hilton’s husband but as a successful entrepreneur, investor, and thought leader in his own right. His journey serves as an inspiring example of how combining business acumen with a forward-thinking mindset can lead to significant wealth and lasting influence. As he continues to grow his portfolio and explore new opportunities, Carter Reum’s story remains one of vision, resilience, and financial success
Frequently Asked Questions About Carter Reum
1. What is Carter Reum’s net worth?
Carter Reum’s net worth is estimated to be between $40 million and $50 million, derived from his entrepreneurial ventures, investment firm M13, and other income sources.
2. How did Carter Reum make his money?
Reum initially made his fortune through VEEV Spirits, a premium vodka brand he co-founded. He then grew his wealth through M13 Ventures, a venture capital firm investing in high-growth startups.
3. Who has Carter Reum invested in?
Through M13 Ventures, Carter has invested in companies like Lyft, SpaceX, Pinterest, Ring, and Daily Harvest. His firm focuses on early-stage investments in innovative startups.
4. Is Carter Reum married to Paris Hilton?
Yes, Carter Reum married socialite and entrepreneur Paris Hilton in 2021. Their marriage has drawn considerable media attention, boosting his public profile.
5. What is Carter Reum’s role at M13 Ventures?
Carter is a co-founder and partner at M13 Ventures, where he plays a key role in identifying and supporting promising startups. His work at M13 is one of the primary sources of his wealth.
