Carter Reum Net Worth: Exploring The Entrepreneur’s Financial Success

Carter Reum is an American entrepreneur, venture capitalist, and author who has made a name for himself in the business world. He is widely recognized for co-founding the investment firm M13 and for his relationship with Paris Hilton, the famous socialite and media personality. Carter’s business acumen, combined with his high-profile connections, has led to curiosity about his net worth and how he built his financial empire. In this article, we’ll take a closer look at Carter Reum net worth, how he made his fortune, and the factors contributing to his financial success.

About Carter Reum

Before diving into Carter Reum net worth, it’s important to know a bit about his background. Born on February 5, 1981, in Chicago, Illinois, Carter grew up in a well-off family. His father, Robert Reum, was the CEO of Amsted Industries, a large Chicago-based company, which provided Carter with an early understanding of the business world.

Carter attended Columbia University, where he graduated with a degree in economics. After college, he began his career in investment banking at Goldman Sachs. However, Carter’s entrepreneurial spirit soon led him to leave the corporate world and pursue his own ventures.

Carter Reum Net Worth

Carter Reum net worth is estimated to be around $40 million to $50 million. This wealth comes from various sources, including his successful business ventures, investments, and book sales. His involvement in venture capital through M13 has been particularly lucrative, allowing him to invest in some of the most promising startups in Silicon Valley.

While his net worth may not rival that of billionaires, Carter’s financial success is impressive, especially considering his diverse range of business activities.

How Did Carter Reum Build His Wealth?

Carter Reum net worth is the result of years of hard work and smart business decisions. Here’s a look at the key sources of his income:

1. Co-Founding VEEV Spirits

Carter’s business journey began with a major success when he co-founded VEEV Spirits with his brother, Courtney Reum. They launched VEEV Spirits in 2007. The brand became known for its eco-friendly vodka made from açaí berries and quickly gained a loyal customer base.

VEEV stood out because of its unique ingredients and focus on sustainability. The brand was marketed as a healthier and more environmentally friendly choice compared to traditional spirits.

In 2016, the Reum brothers sold most of their shares in VEEV Spirits for a reported nine-figure amount. This sale marked an important milestone in Carter’s journey to financial success.

2. Founding M13 Ventures

After selling VEEV Spirits, Carter and his brother shifted their focus to venture capital, founding the investment firm M13. The firm specializes in early-stage investments in consumer brands and technology companies. M13 has invested in some of the most successful startups of the past decade, including Lyft, Pinterest, and Ring.

M13’s investment strategy focuses on finding innovative companies that have the potential to disrupt traditional industries. The firm’s success in identifying and backing promising startups has been a significant factor in Carter Reum’s growing net worth.

As a partner at M13, Carter benefits from the returns on these investments, which can be substantial when the companies they back go public or are acquired by larger corporations.

3. Book Sales & Public Speaking

In addition to his work in venture capital, Carter Reum is also an author. In 2018, he co-authored the book Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches with his brother, Courtney. The book offers insights into the entrepreneurial world, drawing on the brothers’ experiences in building successful companies.

The book has been well-received and has added another revenue stream to Carter’s portfolio. In addition to book sales, Carter also participates in public speaking engagements, where he shares his business knowledge and entrepreneurial advice. These engagements further contribute to his overall income.

4. Television Appearances & Media Work

Carter Reum’s relationship with Paris Hilton has brought him additional public attention, and he has made appearances on television and in the media as a result. While these appearances aren’t a primary source of income, they do help raise his public profile, which can lead to more business opportunities and partnerships.

In 2021, Carter and Paris were married, further solidifying his status in the media spotlight. Their wedding, which was highly publicized, showcased Carter as more than just a successful businessman, but also as a celebrity in his own right.

Paris Hilton & Carter Reum’s Combined Wealth

Carter Reum net worth is significant on its own, but when combined with his wife Paris Hilton’s estimated net worth of $300 million, their total wealth is truly remarkable. Paris Hilton’s fortune comes from her various business ventures, including her fragrance line, fashion projects, and media appearances.

Together, they represent a financial powerhouse, with investments and business interests spanning various industries, including entertainment, real estate, and consumer products.

Future Financial Growth

Carter Reum is still actively involved in the business world, particularly through his work with M13. As the firm continues to make successful investments, it’s likely that Carter’s net worth will continue to grow. His ability to spot promising startups and his extensive network in the business community position him for continued success in the venture capital space.

Additionally, as an author and speaker, Carter has the potential to expand his influence beyond the business world, further increasing his wealth in the years to come.

Conclusion

Carter Reum’s estimated net worth of $40 million to $50 million is a testament to his success as an entrepreneur and venture capitalist. From his early days co-founding VEEV Spirits to his current role at M13 Ventures, Carter has built a diverse and profitable career. His marriage to Paris Hilton has also brought him further into the public eye, but it’s his sharp business acumen that has truly defined his financial success. With more ventures and investments on the horizon, Carter Reum’s wealth is expected to grow even more in the coming years.

FAQs

How did Carter Reum build his wealth?

Carter Reum built his wealth through co-founding VEEV Spirits, launching the venture capital firm M13, book sales, and public speaking engagements.

What is Carter Reum’s primary business venture?

Carter Reum is a co-founder of M13 Ventures, a firm that invests in early-stage startups in consumer brands and technology companies.

Is Carter Reum married to Paris Hilton?

Yes, Carter Reum married Paris Hilton in 2021, and their combined wealth is substantial, with Paris contributing through her own business ventures.