You may not be overly familiar with the name Carter Reum, but the chances are you’ve heard of his spouse. “Obviously, the world knows my wife is Paris Hilton,” says Reum, who married the Hilton Hotel heiress, millionaire, musician, and reality star in November 2021. “I just fell in love with a girl named Paris, just like any other person.”
Reum has found plenty of success long before his marriage to Hilton. In 2007, he and his brother, Courtney Reum, left lucrative roles at Goldman Sachs to launch the alcohol company Veev. Within ten years, they built VEEV into one of the 5,000 fastest-growing private companies in the United States, with more than $10 million in annual sales before selling the company for more than seven times its revenue.
Today, Carter Reum is not just known for his relationship with Paris Hilton but also for his entrepreneurial ventures and investments. He is the co-founder of M13, a venture capital firm that invests in technologies believed to power the future of work, health, commerce, and money. Portfolio companies include meditation app Headspace, social media giant Pinterest, and the security company Ring, among others.
Early Life and Education
Carter Reum was born on February 5, 1981, in Wayne, Illinois. He graduated from Columbia University in 2003 with a degree in economics. After graduation, he began his career in investment banking at Goldman Sachs, where he gained valuable experience that would later serve him in his entrepreneurial endeavors.
Entrepreneurial Journey
In 2007, Reum and his brother launched VEEV Spirits, an eco-friendly liquor company that quickly gained popularity for its unique flavor and commitment to sustainability. The Reum brothers’ dedication to eco-friendly practices garnered them considerable attention, as VEEV became the first spirits brand to be certified as carbon neutral. This innovative venture represented a significant milestone in Carter’s entrepreneurial journey.
In 2016, the Reum brothers founded M13, a venture capital firm focused on consumer products and services. M13 has since become an influential player in the startup ecosystem, with notable investments in companies such as Lyft, Ring, and Snapchat. The establishment and growth of M13 is a testament to Carter Reum’s prowess as an entrepreneur and venture capitalist.
Authorship and Philanthropy
In 2018, Carter Reum, alongside his brother, authored the book “Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches.” The book offers valuable insights and practical advice for aspiring entrepreneurs, drawing from the Reum brothers’ personal experiences in launching and growing their businesses.
Reum’s dedication to giving back to society has been evident throughout his career. He has been actively involved in philanthropy, both personally and through his businesses. VEEV Spirits, for example, donated a portion of its proceeds to environmental causes, while M13’s investment strategy includes a focus on socially responsible businesses. In addition to his corporate philanthropy, Reum supports several non-profit organizations, including Pencils of Promise and the Art of Elysium.
Personal Life
Carter Reum got engaged to socialite and businesswoman Paris Hilton in February 2021, and they married in November 2021 in Los Angeles. The couple welcomed their first child together, a son named Phoenix Baron Hilton Reum, via surrogacy in January 2023. Carter also has a daughter, Evie, from a previous relationship with actress Laura Bellizzi.
Carter Reum’s Net Worth
As of 2024, Carter Reum’s net worth is estimated to be between $35 and $40 million. This wealth comes from his successful entrepreneurial ventures, including VEEV Spirits and M13, as well as his investments in various startups. While this is significantly less than his wife Paris Hilton’s estimated net worth of $300 million, it is still a substantial amount that reflects his accomplishments in the business world.
Conclusion
Carter Reum is a successful entrepreneur and venture capitalist who has made a name for himself in the business world. His marriage to Paris Hilton has brought him into the public eye, but his achievements in entrepreneurship and investment speak for themselves. With a net worth estimated between $35 and $40 million, Reum continues to build his legacy through M13 and his various business ventures.
FAQs
What is Carter Reum’s net worth?
Carter Reum’s net worth is estimated to be between $35 and $40 million as of 2024.
What companies has Carter Reum founded?
Carter Reum co-founded VEEV Spirits and M13, a venture capital firm that invests in consumer products and services.
Who is Carter Reum married to?
Carter Reum is married to Paris Hilton, a socialite, businesswoman, and media personality.
Do Carter Reum and Paris Hilton have children?
Yes, Carter Reum and Paris Hilton welcomed their first child, a son named Phoenix, via surrogacy in January 2023. Carter also has a daughter named Evie from a previous relationship.
What is M13?
M13 is a venture capital firm co-founded by Carter and Courtney Reum, focusing on investing in consumer products and services.