Paris Hilton’s Husband Carter Reum: What Is His Net Worth?
Carter Reum, an entrepreneur and venture capitalist, rose to even greater prominence after marrying socialite and businesswoman Paris Hilton. Though not as well-known as his famous wife, Carter Reum has built a successful career in the business world. This article explores Carter Reum’s background, entrepreneurial journey, and his impressive net worth.
Who Is Carter Reum?
Carter Reum is an American entrepreneur, investor, and author. He was born on February 5, 1981, in Wayne, Illinois. Coming from a wealthy family, Carter attended Columbia University, where he completed his degree in economics. He has always had a keen interest in business and startups, which shaped his entrepreneurial career.
While many people know him as Paris Hilton’s husband, Carter has a long history of success in the venture capital and startup world.
Carter Reum’s Entrepreneurial Journey
Carter Reum is best known for co-founding VEEV Spirits, an innovative alcohol brand that gained widespread recognition. Along with his brother, Courtney Reum, Carter launched VEEV in 2007. The brand focused on providing sustainable, eco-friendly alcoholic beverages, which was a fresh concept at the time.
The brothers grew the company rapidly, and VEEV Spirits became one of the fastest-growing independent alcohol brands in the United States. In 2016, they sold VEEV to focus on new ventures.
M13: Building a Venture Capital Empire
After selling VEEV, Carter and his brother founded M13, a venture capital firm. M13 focuses on investing in high-potential startups in various industries, including health, technology, and consumer products. Some of the high-profile companies M13 has invested in include Lyft, Pinterest, Rothys, and ClassPass.
Through M13, Carter Reum has helped numerous startups grow, further cementing his reputation as a savvy entrepreneur and investor.
Carter Reum’s Books and Media Appearances
In addition to his entrepreneurial work, Carter Reum is an author. In 2018, he co-authored the book “Shortcut Your Startup” with his brother, which offers advice on how to build and grow a successful business. The book draws from the brothers’ experiences and provides actionable insights for aspiring entrepreneurs.
Carter has also made appearances on popular media platforms. He has been featured as a guest and commentator on programs like CNBC’s “Squawk Box” and Bloomberg TV, sharing his business expertise.
Carter Reum’s Marriage to Paris Hilton
Carter Reum’s relationship with Paris Hilton brought him into the public spotlight in a new way. The couple began dating in 2019 and were engaged in 2021. Their extravagant wedding took place on November 11, 2021, and attracted significant media attention.
Paris Hilton, a global icon in entertainment, business, and fashion, has a net worth of around $300 million. While Carter Reum is not as famous as Paris, he has built his own impressive fortune through his business ventures.
What Is Carter Reum’s Net Worth?
Carter Reum’s net worth is estimated to be around $40 million as of 2024. His wealth comes from a combination of his successful entrepreneurial ventures, including VEEV Spirits, and his investments through M13.
While $40 million might seem modest compared to his wife’s fortune, Carter’s net worth is a testament to his business acumen and investment success. His diversified portfolio and smart investments in promising startups have contributed significantly to his growing wealth.
Sources of Carter Reum’s Wealth
- VEEV Spirits: The initial success of VEEV Spirits was a major source of income for Carter. The sale of the company in 2016 added significantly to his wealth.
- M13 Investments: M13’s investments in major companies like Lyft, Pinterest, and Ring have provided lucrative returns, further adding to Carter’s fortune.
- Authorship: While not a major source of income, Carter’s book “Shortcut Your Startup” adds to his earnings through sales and royalties.
- Media and Consulting: Carter’s appearances on business-related TV shows and his work as a consultant also contribute to his growing net worth.
Carter Reum’s Luxurious Lifestyle
As the husband of Paris Hilton, Carter Reum enjoys a luxurious lifestyle. The couple frequently attends high-profile events, travels to exotic locations, and owns multiple properties, including a stunning mansion in Los Angeles.
Despite this glamorous lifestyle, Carter and Paris are both known for their strong work ethic and dedication to their careers. Together, they have built a power couple image, blending their business acumen with their public personas.
The Future of Carter Reum’s Wealth
Carter Reum’s net worth is expected to continue growing in the coming years. With his ongoing investments through M13 and his business ventures, he is well-positioned to expand his financial empire.
Additionally, Carter’s partnership with Paris Hilton could lead to new business opportunities, as the couple has already hinted at collaborating on future projects.
Conclusion
Carter Reum’s journey from co-founding VEEV Spirits to becoming a successful venture capitalist and the husband of Paris Hilton is an inspiring one. His current net worth of $40 million is a reflection of his business expertise and investment success.
While Carter may live a glamorous life alongside his famous wife, his wealth has been built through hard work and smart financial decisions. As he continues to grow his business ventures and expand his investment portfolio, Carter Reum’s net worth is likely to rise in the years to come.
