Carter Reum is a successful entrepreneur, venture capitalist, and author who has made a name for himself in the business world. While many recognize him as the husband of socialite Paris Hilton, Reum has built an impressive career that spans multiple industries. From co-founding the liquor brand VEEV Spirits to investing in billion-dollar startups through his firm M13 Ventures, Carter Reum has accumulated substantial wealth over the years. In this article, we’ll explore Carter Reum Net Worth, his various business ventures, sources of income, and how he became a prominent figure in the investment world. We’ll also answer frequently asked questions about his finances, lifestyle, and business acumen.
Carter Reum’s Estimated Net Worth
As of 2024, Carter Reum Net Worth is estimated to be around $40 million. His wealth stems from his entrepreneurial ventures, smart investments, and lucrative business deals. While his net worth is significant, it pales in comparison to his wife Paris Hilton’s estimated $300 million fortune.
Early Life and Education
Carter Reum was born on February 5, 1981, in Wayne, Illinois. He was raised in an affluent family, with his father, Robert Reum, serving as the CEO of Amsted Industries, a multi-billion-dollar company. Carter attended Columbia University, where he graduated in 2003 with a degree in Economics and Business.
Business Ventures and Investments
1. VEEV Spirits – The First Big Break
In 2007, Carter and his brother, Courtney Reum, co-founded VEEV Spirits, an acai-based liquor brand. The brand gained massive popularity and was later acquired by Luxco in 2016. This deal significantly contributed to Carter’s early wealth.
2. M13 Ventures – A Leading Investment Firm
After selling VEEV Spirits, Carter and his brother launched M13 Ventures, a venture capital firm focused on consumer technology and startups. The firm has invested in major companies, including:
- Lyft
- Ring (acquired by Amazon)
- SpaceX
- Snapchat
- Daily Harvest
M13 has grown into one of the most reputable investment firms in the industry, further boosting Carter Reum’s fortune.
3. Book: “Shortcut Your Startup”
In 2018, Carter and Courtney authored “Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches.” The book provides practical business insights and has been well-received by entrepreneurs worldwide.
4. Philanthropy and Social Impact
Carter Reum is also actively involved in philanthropy. He supports various charitable causes, including entrepreneurship mentorship programs, education initiatives, and environmental sustainability projects. His firm, M13, also backs companies that emphasize sustainability and positive social impact.
5. Media Appearances and Public Speaking
Carter Reum is frequently invited as a guest speaker at business events and has appeared on media platforms like CNBC, Bloomberg, and Fox Business to share his expertise on startups and investments. These engagements add to his income stream.
Carter Reum’s Personal Life and Marriage to Paris Hilton
Carter Reum married Paris Hilton in November 2021 in a lavish wedding. The couple has been in the spotlight ever since. While their combined wealth is impressive, Carter maintains a relatively private and low-key lifestyle compared to his wife’s public persona.
In 2023, Carter and Paris welcomed their first child, Phoenix Barron Hilton Reum, via surrogacy, and later, they had a second child, London Hilton Reum.
Carter Reum’s Assets and Luxurious Lifestyle
1. Real Estate Investments
Carter Reum and Paris Hilton own multiple luxury properties, including:
- A $8.4 million mansion in Beverly Hills
- A Malibu beach house worth over $10 million
- Properties in New York and Las Vegas
- A luxury vacation home in Aspen
2. Luxury Cars Collection
While Carter isn’t as flashy as Paris Hilton, he owns a collection of luxury cars, including:
- Tesla Model X
- Mercedes-Benz G-Class
- Range Rover Autobiography
- Ferrari 488 Spider
3. Private Jet and Vacations
Being part of the Hilton family comes with extravagant travel. The couple frequently vacations in places like the Maldives, Bora Bora, and the French Riviera, often flying in private jets. Their trips are often featured on social media, showcasing a life of luxury and exclusivity.
How Carter Reum Builds and Maintains His Wealth
Carter Reum follows a disciplined investment strategy:
- Diversified Portfolio: His investments span various industries, from tech startups to luxury brands.
- Long-Term Vision: Unlike short-term traders, Reum focuses on sustainable businesses with high growth potential.
- Brand Building: Whether it’s VEEV Spirits or M13, Carter has built brands that resonate with consumers and investors alike.
- Smart Real Estate Investments: Carter strategically invests in properties that appreciate in value, further securing his wealth.
(FAQs)
1. How did Carter Reum make his money?
Carter Reum made his fortune through entrepreneurship, venture capital investments, and book sales. His first major success came from VEEV Spirits, which was later sold for millions. He then co-founded M13 Ventures, which has invested in multiple successful startups.
2. What is Carter Reum Net Worth compared to Paris Hilton’s?
Carter Reum’s net worth is estimated at $40 million, while Paris Hilton’s net worth is significantly higher at around $300 million.
3. Does Carter Reum come from a wealthy family?
Yes, Carter was born into a wealthy family. His father, Robert Reum, was the CEO of Amsted Industries, a company worth billions.
4. What companies has Carter Reum invested in?
Through M13 Ventures, Carter has invested in major companies like Lyft, Snapchat, Ring, SpaceX, Pinterest, and Daily Harvest.
5. Does Carter Reum have children?
Yes, Carter and Paris Hilton have two children: Phoenix Barron Hilton Reum and London Hilton Reum, both born via surrogacy.
6. What is Carter Reum’s book about?
His book, “Shortcut Your Startup,” provides insights on how entrepreneurs can scale their businesses efficiently and avoid common pitfalls.
7. What are Carter Reum’s future plans?
Carter continues to expand his investment portfolio and is expected to work on more startup ventures, philanthropic projects, and business mentorship programs.
8. What is Carter Reum’s investment philosophy?
Carter follows a long-term, high-growth investment strategy, prioritizing startups with disruptive potential in industries such as technology, sustainability, and consumer goods.
See Also: networthhub.org
Conclusion
Carter Reum is not just Paris Hilton’s husband—he is a self-made millionaire with a keen eye for business and investments. His net worth of $40 million is a result of strategic entrepreneurship, successful venture capital investments, and financial discipline.
As he continues to grow his wealth through new investments and business ventures, Carter Reum’s influence in the entrepreneurial world is expected to expand. For aspiring entrepreneurs, his journey offers valuable lessons in perseverance, innovation, and smart investing.
