Carter Reum, a successful entrepreneur, venture capitalist, and author, has made headlines for his business acumen and being married to the iconic socialite and media personality Paris Hilton. While his fame might have skyrocketed due to his relationship with Hilton, Reum’s accomplishments in the business world make him a notable figure in his own right. In this article, we will explore Carter Reum’s net worth, the sources of his wealth, and how he built his fortune.
Quick Bio of Carter Reum
| Category | Details |
|---|---|
| Full Name | Carter Milliken Reum |
| Date of Birth | February 5, 1981 |
| Age | 43 years (as of 2024) |
| Place of Birth | Wayne, Illinois, USA |
| Nationality | American |
| Profession | Entrepreneur, Venture Capitalist, Author |
| Education | Bachelor’s Degree, Columbia University |
| Famous For | Co-founding VEEV Spirits and M13 Ventures |
| Spouse | Paris Hilton (married in 2021) |
| Children | One (born in 2023) |
| Net Worth | Estimated $40 million (2024) |
| Key Achievements | Forbes “30 Under 30”, Author of Shortcut Your Startup |
| Hobbies | Traveling, Philanthropy, Investing |
Who is Carter Reum?
Carter Reum was born into a well-established family in Wayne, Illinois. His father, Robert Reum, was the CEO of Amsted Industries, one of the largest private companies in the United States. Growing up in an entrepreneurial environment, Carter was naturally inclined toward business and innovation. After graduating from Columbia University, he began his career at Goldman Sachs, where he honed his financial skills and gained valuable industry experience.
However, Carter’s ambition drove him to explore opportunities beyond the corporate world. He ventured into entrepreneurship, eventually co-founding VEEV Spirits with his brother Courtney Reum. This endeavor laid the foundation for his impressive net worth and future successes.
Carter Reum’s Net Worth: Breaking Down the Numbers
As of 2024, Carter Reum’s net worth is estimated at around $40 million. His wealth stems from multiple sources, including his entrepreneurial ventures, investments, and book sales. Let’s take a closer look at the key contributors to his fortune:
1. Co-founding VEEV Spirits
Carter and his brother Courtney launched VEEV Spirits in 2007, introducing a premium liquor brand focused on sustainability and innovation. The company’s flagship product, an açaí-infused vodka, gained popularity for its eco-friendly approach and unique flavor profile. Under Carter’s leadership, VEEV became one of the fastest-growing independent liquor brands in the United States.
In 2016, the Reum brothers sold a majority stake in VEEV Spirits, earning a significant profit. This exit marked a major milestone in Carter’s financial journey and provided the capital to fuel his future ventures.
2. M13 Ventures
Carter Reum and his brother co-founded M13 Ventures, a Los Angeles-based venture capital firm. M13 focuses on investing in consumer-focused startups and has backed several successful companies, including Lyft, Pinterest, SpaceX, and Ring. By identifying and supporting high-potential startups, M13 has grown into a highly influential investment firm.
The success of M13 has contributed significantly to Carter Reum’s net worth. His ability to identify emerging trends and invest in innovative companies has made him a respected figure in the venture capital world.
3. Book Sales: Shortcut Your Startup
In 2018, Carter and Courtney co-authored the book Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success. The book offers practical advice for aspiring entrepreneurs, drawing from their experiences building successful businesses. The publication received critical acclaim and added another revenue stream to Carter’s portfolio.
4. Public Speaking and Media Appearances
As a recognized entrepreneur and thought leader, Carter frequently participates in conferences, panel discussions, and media interviews. These appearances enhance his public profile and provide additional income through speaking fees.
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Carter Reum and Paris Hilton: A Power Couple
Carter Reum’s marriage to Paris Hilton in 2021 has amplified his public presence. The couple’s lavish wedding, featured in Paris in Love’s reality series, drew global attention. While Paris Hilton has an estimated net worth of over $300 million, the couple’s combined wealth cements their status as a power duo.
Despite their combined fortune, Carter and Paris have demonstrated a shared commitment to philanthropy. Both are involved in charitable activities, with Carter focusing on causes such as sustainability and entrepreneurship.
Lessons from Carter Reum’s Success
Carter reum’s journey offers valuable lessons for aspiring entrepreneurs and investors:
- Think Long-Term
Whether building VEEV Spirits or investing through M13, Carter has prioritized long-term growth over short-term gains. Identifying trends and investing strategically has been a critical factor in his success. - Diversify Your Income Streams
From startups to venture capital and book sales, Carter has diversified his sources of income. This approach not only increases financial stability but also creates growth opportunities. - Leverage Your Network
Growing up in an entrepreneurial family and attending Columbia University gave Carter a solid professional network. He has effectively leveraged these connections to achieve success. - Sustainability Matters
By focusing on eco-friendly practices with VEEV Spirits, Carter demonstrated that sustainability can be a profitable business strategy. This forward-thinking approach resonates with modern consumers and investors alike.
Carter Reum’s Future Endeavors
As an entrepreneur and investor, Carter Reum shows no signs of slowing down. Through M13 Ventures, he continues to support innovative startups that have the potential to disrupt industries. Additionally, his involvement in media and philanthropy indicates that his influence extends beyond the business world.
Carter’s dedication to entrepreneurship and innovation positions him for continued success. As he and Paris Hilton expand their family and focus on their respective careers, it will be exciting to see how Carter evolves as a business leader and philanthropist.
Conclusion
Carter reum net worth of $40 million is a testament to his entrepreneurial spirit, strategic investments, and hard work. From founding VEEV Spirits to co-leading M13 Ventures, he has consistently demonstrated a knack for identifying opportunities and building successful ventures. While his marriage to Paris Hilton has brought him additional fame, Carter’s achievements in the business world stand on their merit.
With a focus on sustainability, innovation, and long-term growth, Carter Reum is an inspiring figure for aspiring entrepreneurs. His story underscores the importance of resilience, adaptability, and strategic thinking in achieving financial success.
