Carter Reum is an American entrepreneur, author, and venture capitalist. He is best known as the co-founder of M13, a venture capital firm that has invested in many successful companies. Reum has also gained attention for his marriage to socialite and businesswoman Paris Hilton. Over the years, he has built a strong reputation in the business world, leading many to wonder about his net worth and how he has accumulated his wealth.
Early Life and Education
Carter Reum was born on February 5, 1981, in the United States. He grew up in a family with strong business values. His father, Robert Reum, was the CEO of Amsted Industries, a company that has been successful in manufacturing and industrial services. This business background likely influenced Carter’s future career path.
He attended Columbia University, where he earned a degree in economics and business. During his time at Columbia, he developed a keen interest in entrepreneurship and finance, setting the stage for his future success in the business world.
Starting a Business: VEEV Spirits
After graduating from Columbia University, Carter and his brother, Courtney Reum, launched VEEV Spirits in 2007. The company introduced a unique liquor made from the açaí berry, which was marketed as an eco-friendly and health-conscious alternative to traditional spirits.
VEEV Spirits quickly gained popularity and became one of the fastest-growing liquor brands in the United States. The company’s success was largely due to its innovative approach to branding and marketing. In 2016, the Reum brothers sold VEEV Spirits for an undisclosed amount, further boosting Carter’s wealth.
Building M13: A Leading Venture Capital Firm
After selling VEEV Spirits, Carter Reum and his brother co-founded M13, a venture capital firm that focuses on investing in high-growth startups. M13 has funded well-known companies such as Lyft, Pinterest, SpaceX, and Ring. The firm’s goal is to support businesses with the potential to become industry leaders.
M13 has played a significant role in helping startups scale and grow. Carter’s ability to identify promising businesses has contributed to his financial success. Through M13, he has built a strong portfolio of investments, significantly increasing his net worth.
Book and Media Appearances
Carter Reum is also an author. He co-wrote the book “Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success,” which provides advice to entrepreneurs based on his own experiences. The book has been well-received, helping business owners navigate the challenges of starting and growing a company.
He has also appeared on television as a guest and business expert. His insights on entrepreneurship, investing, and wealth-building have made him a respected figure in the business world.
Marriage to Paris Hilton and Public Attention
Carter Reum gained more public attention after marrying Paris Hilton in 2021. Paris Hilton is a well-known businesswoman, socialite, and media personality with a massive fortune of her own. Their relationship has brought Carter into the spotlight, but he continues to focus on his business ventures.
While some assume his wealth comes from his marriage, Carter has independently built a successful career. His business ventures and investments have been his primary sources of income.
How Does Carter Reum Make Money?
Carter Reum has multiple sources of income that contribute to his growing net worth. These include:
- Venture Capital Investments – As the co-founder of M13, he has invested in multiple successful startups, earning returns on those investments.
- Business Sales – The sale of VEEV Spirits provided him with significant financial gains.
- Book Sales – His book has sold well, generating additional revenue.
- Media Appearances – He earns money through television appearances and speaking engagements.
- Advisory Roles – Carter advises various companies, adding to his wealth.
Carter Reum’s Estimated Net Worth
Estimating Carter Reum’s exact net worth is difficult because much of his wealth comes from private investments. However, reports suggest his net worth is around $40 million. His business acumen, investment strategies, and financial planning have helped him achieve this level of wealth.
While this figure is impressive, his fortune is expected to grow as he continues making smart business moves. His role at M13 and his influence in the startup world ensure that he remains a major player in venture capital.
Public Perception and Business Reputation
Carter Reum is highly respected in the business community. His success with VEEV Spirits and M13 has proven his ability to build and grow businesses. He is admired for his investment strategies and entrepreneurial mindset.
Some people view him mainly as Paris Hilton’s husband, but those familiar with the business world recognize his achievements and financial success. His work has positively impacted many startups, and he remains an influential figure in the investment industry.
Future Plans and Business Growth
Carter Reum has no plans to slow down. He continues to focus on expanding M13 and identifying new investment opportunities. With technology and business constantly evolving, he aims to stay ahead of trends and invest in the next wave of successful startups.
In addition to business growth, Carter is also involved in philanthropy, supporting causes that align with his values. His ability to balance business success and social impact makes him a well-rounded entrepreneur.
Carter Reum’s journey from launching a liquor brand to becoming a top venture capitalist showcases his intelligence and determination. His net worth reflects his years of hard work, strategic investments, and entrepreneurial spirit. As he continues building his legacy, his financial success is likely to grow even further.