Carter Reum’s net worth is a testament to his sharp business acumen and entrepreneurial spirit. As an American entrepreneur and venture capitalist, he has built a diverse portfolio that spans from eco-friendly spirits to cutting-edge startups.
Born in Illinois and educated at Columbia University, Carter’s journey is marked by strategic investments and innovative ventures. Co-founder of M13 Ventures, he has backed some of the most exciting consumer brands and tech startups. Beyond business, Carter is also a best-selling author and philanthropist, blending success with giving back.
This article dives deep into his net worth, career milestones, and personal life.
Who Is Carter Reum? A Quick Overview
Carter Milliken Reum, born on February 5, 1981, in Wayne, Illinois, is a dynamic American entrepreneur, venture capitalist, and author. Known widely as the husband of socialite Paris Hilton, Carter has crafted a distinct identity in the business world with his innovative ventures and savvy investments.
His estimated net worth ranges from $20 million to $40 million, built through his ventures and investments in cutting-edge startups and consumer products.
Early Life and Education: From Wayne, Illinois to Columbia University
Growing up in an entrepreneurial family, Carter was no stranger to business from a young age. His father, Robert Carter Reum, was the CEO of Amsted Industries, a major private enterprise in the U.S. With strong family roots and a work ethic deeply instilled, Carter graduated from Columbia University in 2003 with a degree in Economics.
| Aspect | Details |
| Birth Date | February 5, 1981 |
| Birth Place | Wayne, Illinois, USA |
| Education | Columbia University, Economics (2003) |
| Family | Father: Robert Carter Reum (CEO), Mother: Sherry Carter |
| Siblings | Brother Courtney Reum, Sister Halle |
The Entrepreneurial Spirit: Starting Young and Bold
After graduating, Carter worked briefly as an investment banker at Goldman Sachs, gaining valuable financial acumen. However, his entrepreneurial spirit led him to quit corporate life by 2006, partnering with his brother Courtney to launch startup incubators and ventures. This early experience paved the way for his later successes.
Transitioning from Investment Banking to Entrepreneurship
His shift from investment banking to entrepreneurship was a decisive moment. Leveraging his finance background, Carter co-founded Champ Ventures in Sydney, Australia, before returning to the U.S. and creating consumer-focused businesses.
The Founding of VEEV Spirits: Eco-Friendly Innovation in Liquor
One of Carter’s hallmark ventures is VEEV Spirits, launched in 2011. This brand stands out for its eco-friendly, açaí-infused vodka that blends sustainability with unique flavor.
| Key Features of VEEV Spirits | Description |
| Flagship Product | VEEV Açaí Spirit |
| Unique Selling Point | Eco-friendly, carbon neutral |
| Market Recognition | Inc Magazine Fastest Growing Brand (2011) |
| Acquisition | Purchased by Luxco in 2016 (undisclosed price) |
VEEV was one of the first spirits brands to embrace carbon neutrality — a bold move demonstrating Carter’s commitment to sustainability.
M13 Ventures: The Investment Powerhouse
In 2016, Carter and his brother co-founded M13 Ventures, a Los Angeles-based venture capital firm focusing on consumer products, services, and technology startups.
| M13 Ventures Overview | Details |
| Founded | 2016 |
| Founders | Carter Reum, Courtney Reum |
| Focus Areas | Consumer brands, tech startups |
| Notable Investments | Lyft, Snapchat, Ring, Warby Parker, Canvas |
M13 is recognized for providing strategic guidance and growth acceleration, supporting companies from the trenches.
Notable Investments: Lyft, Snapchat, Warby Parker, and More
M13 has invested in some of the most innovative startups of the last decade:
- Lyft: Disrupting transportation
- Snapchat: Revolutionizing social media
- Warby Parker: Changing eyewear retail
- Ring: Home security innovation
- Daily Harvest: Convenient healthy meals
These investments illustrate Carter’s knack for identifying future leaders in the consumer and tech space.
Carter Reum’s Business Philosophy and Investment Strategy
Carter believes in speeding up success through practical advice, hands-on mentorship, and unconventional tactics. His book Shortcut Your Startup shares insights from his journey, encouraging entrepreneurs to avoid common pitfalls and focus on fast growth.
Key Principles:
- Action over Perfection: Move quickly, iterate often
- Mentorship Matters: Learn from those in the trenches
- Sustainability Counts: Align business with social values
- Smart Risk-Taking: Invest in visionary founders and ideas
The Co-Founders: Partnership with Brother Courtney Reum
Carter’s success is deeply intertwined with his brother Courtney Reum. The siblings share a business vision and complement each other’s skills, combining finance, strategy, and innovation to build ventures that scale.
Authoring Shortcut Your Startup: Practical Wisdom for Entrepreneurs
In 2018, Carter co-authored Shortcut Your Startup, a book offering unconventional advice for aspiring entrepreneurs. The book is a blend of personal stories and actionable tips, making it a must-read for anyone launching a business.
| Book Highlights | Details |
| Title | Shortcut Your Startup |
| Year Published | 2018 |
| Themes | Entrepreneurship, growth, mentorship |
| Audience | Aspiring entrepreneurs |
Philanthropic Efforts: Giving Back to Education and Art
Philanthropy is a major part of Carter’s life. He supports organizations like:
- Pencils of Promise — global education initiatives
- Art of Elysium — connecting artists with hospitalized youth
His charitable work aligns with his belief in social responsibility and sustainable impact.
Personal Life: Marriage to Paris Hilton and Family
Carter married socialite and businesswoman Paris Hilton in November 2021, after an engagement in February 2021. The couple has three children, including their son Phoenix Barron Hilton-Reum (born January 2023).
| Family Details | Information |
| Spouse | Paris Hilton |
| Marriage Date | November 2021 |
| Children | Phoenix Barron (Jan 2023), London Marilyn Hilton-Reum (Nov 2023), Evie (third child) |
| Residence | Beverly Park, Los Angeles |
Their partnership combines two entrepreneurial spirits, with Paris’s $300 million net worth complementing Carter’s business acumen.
Real Estate Portfolio: Malibu to Beverly Park Mansions
Carter and Paris own luxury properties:
| Property Location | Features | Price / Rent |
| Malibu Beachfront Mansion | 3,000 sq ft, 3 beds, 3 baths, oceanfront deck, jacuzzi | $8.4 million (2021 purchase) |
| Beverly Park Mansion | 14,000 sq ft Tuscan villa, 7 beds, 11.5 baths | $21.5 million (leased at $160k/month) |
These homes reflect their luxurious lifestyle balanced with privacy.
Carter Reum’s Net Worth Breakdown: Estimated Figures and Sources
Carter’s net worth is estimated between $20 million and $40 million. Here’s a breakdown:
| Source | Estimated Value ($ millions) |
| M13 Ventures equity & investments | 8–15 |
| VEEV Spirits sale proceeds | 5–10 |
| Real estate holdings | 15–25 |
| Book royalties & public speaking | 1–3 |
| Other business ventures | 3–7 |
This diversified portfolio highlights a solid financial foundation.
Comparing Net Worth: Carter Reum vs. Paris Hilton
| Person | Estimated Net Worth |
| Carter Reum | $20–40 million |
| Paris Hilton | $300 million+ |
Paris Hilton’s wealth primarily comes from her lucrative fragrance line, real estate, and entertainment career, overshadowing Carter’s by a significant margin.
Celebrity Status and Media Presence: Beyond Business
Carter has gained widespread recognition beyond business, appearing at events like the Pre-GRAMMY Gala and contributing to media outlets such as Inc Magazine and Columbia College Today.
The Role of Mentorship in Carter’s Career
Mentorship plays a crucial role in Carter’s philosophy, both as a mentee and mentor. His guidance helps startups avoid common mistakes, boosting their chances of success.
Insights on Sustainability and Social Responsibility
From VEEV Spirits’ carbon neutrality to philanthropic endeavors, Carter emphasizes sustainability and social responsibility as core business values.
Challenges and Milestones Along the Entrepreneurial Journey
Carter’s path wasn’t always smooth. He faced challenges like market competition, startup failures, and economic downturns but consistently adapted and thrived.
The Reum Family Legacy and Business Background
Coming from a family with a strong business pedigree, Carter leverages his heritage while innovating in new sectors.
Future Ventures and Business Outlook for Carter Reum
With a focus on technology, consumer brands, and sustainable products, Carter continues to expand his venture capital footprint.
Influence in the Startup Ecosystem: Impact and Leadership
Through M13 and personal investments, Carter supports founders shaping the future, playing a key role in the startup ecosystem.
Lifestyle and Public Image: Balancing Privacy and Fame
Though linked to a high-profile spouse, Carter maintains a relatively low-key public image, focusing on business and family.
Carter Reum on Social Media: Connecting with Followers
Active on platforms like Instagram (@carterreum), Carter shares glimpses of his business insights and personal life.
The Financial Dynamic of Celebrity Couples: Lessons from Carter and Paris
Their relationship exemplifies a modern power couple balancing personal wealth, joint ventures, and family, offering insights into financial teamwork.
FAQs about Carter Reum’s Net Worth
Q: What is Carter Reum’s estimated net worth?
A: Carter Reum’s net worth is estimated between $20 million and $40 million.
Q: How did Carter Reum make his fortune?
A: Through entrepreneurship, co-founding VEEV Spirits, and his venture capital firm M13 Ventures, investing in startups like Lyft and Snapchat.
Q: Is Carter Reum married?
A: Yes, he married Paris Hilton in November 2021.
Q: Does Carter Reum have children?
A: Yes, Carter and Paris have three children, including their son Phoenix Barron Hilton-Reum.
Q: What is M13 Ventures?
A: M13 Ventures is a Los Angeles-based venture capital firm founded by Carter and his brother Courtney, focusing on consumer products and tech startups.
Conclusion
Carter Reum exemplifies the modern American entrepreneur—a blend of strategic vision, investment savvy, and social consciousness. His journey from a Columbia-educated investment banker to a successful venture capitalist and author reveals a multifaceted business leader committed to innovation and philanthropy. With a growing portfolio, a supportive family, and a steady focus on sustainability, Carter’s net worth is set to rise alongside his expanding influence in the startup world. Whether through eco-friendly spirits or backing tomorrow’s unicorns, his story is a compelling roadmap for aspiring entrepreneurs everywhere.
