Carter Reum Net Worth: From VEEV Spirits to M13 Ventures—A Comprehensive Look
Carter Reum is a prominent entrepreneur and venture capitalist whose name has become synonymous with financial success and innovative business ventures. Known for co-founding VEEV Spirits and M13 Ventures, Reum’s career has been marked by strategic investments and significant contributions to the startup ecosystem.
From his beginnings at Columbia University to his high-profile marriage to Paris Hilton, Carter Reum’s life is filled with milestones that showcase his impact on both the business world and popular culture. His financial success is intertwined with his entrepreneurial endeavors, making his story a blend of business acumen and personal achievements. This article delves into Carter Reum net worth, biography, career and more.
Carter Reum Biography/ Wiki
| Aspect | Details |
| Full Name | Carter Milliken Reum |
| Nickname | None widely known |
| Gender | Male |
| Birthday | February 5, 1981 |
| Age | 43 years old |
| Birthplace | Wayne, Illinois, USA |
| Current Residence | Los Angeles, California, USA |
| Zodiac Sign | Aquarius |
| Nationality | American |
| Ethnicity | Caucasian |
| Religion | Christianity |
| Education | Columbia University, Degree in Economics |
| Profession | Entrepreneur, Venture Capitalist, Author |
| Father | Not publicly disclosed |
| Mother | Not publicly disclosed |
| Siblings | Courtney Reum (Brother) |
| Sexuality | Heterosexual |
| Marital Status | Married |
| Spouse | Paris Hilton |
| Children | Phoenix Barron Hilton Reum (Son) |
| Height | Approximately 6 feet (183 cm) |
| Weight | Not publicly disclosed |
| Body Measurements | Not publicly disclosed |
| Hair Color | Brown |
| Eye Color | Blue |
| Net Worth | $30 million to $40 million (estimated) |
| Source of Income | Business ventures, investments, and book royalties |
| Social Media | Instagram, Twitter |
Who is Carter Reum?
Carter Reum is a dynamic entrepreneur and venture capitalist, known for his strategic investments and innovative business ideas. Born on February 5, 1981, in Wayne, Illinois, Reum has made a name for himself through his successful business ventures.
He co-founded VEEV Spirits in 2007 with his brother, Courtney Reum, which became a trailblazer in the spirits industry by being the first carbon-neutral brand. Their company’s success, highlighted by its sale to Luxco in 2016, significantly boosted Carter Reum’s net worth.
Reum’s prominence extends beyond his business achievements; his marriage to Paris Hilton has brought him further into the public eye. The couple’s engagement in February 2021 and their wedding in November 2021 marked a significant personal milestone, adding a high-profile aspect to his public persona. Together, they represent a blend of business savvy and celebrity allure, which has amplified Reum’s visibility and influence.
Education and Early Career
Carter Reum’s journey began with a solid educational foundation at Columbia University, where he graduated with a degree in Economics in 2003. During his time at Columbia, Reum demonstrated an early interest in business ventures, launching several small startups that provided him with valuable experience. His academic background set the stage for his future success in the financial and entrepreneurial world.
After graduation, Reum’s early career included a significant role at Goldman Sachs, where he worked as an investment banker. This experience was crucial in shaping his financial expertise and understanding of the investment landscape. His tenure at Goldman Sachs equipped him with the skills needed to navigate the complex world of finance, paving the way for his subsequent ventures and contributing to his growing net worth.
Also Read: Ciara Net Worth
Carter Reum’s Net Worth
As of 2024, Carter Reum’s net worth is estimated to be between $30 million and $40 million. This impressive figure is a result of his strategic investments and successful business endeavors. The sale of VEEV Spirits to Luxco in 2016 played a significant role in this financial success, as the company’s growth and popularity contributed significantly to his wealth.
In addition to the success of VEEV Spirits, Reum’s role in M13 Ventures has been instrumental in his financial growth. M13 Ventures, which Reum co-founded in 2016, focuses on investing in high-potential startups and consumer brands. The firm’s successful investments and the strategic guidance provided by Reum have further enhanced his financial standing, reflecting his keen eye for promising opportunities.
Business Ventures and Success
Carter Reum’s entrepreneurial journey is marked by several noteworthy business ventures. His co-founding of VEEV Spirits in 2007 was a pivotal moment, as the brand’s commitment to sustainability and innovation made it a standout in the spirits industry. The brand’s success, including its certification as a carbon-neutral brand, highlighted Reum’s ability to create impactful and profitable enterprises.
Following the sale of VEEV Spirits, Reum turned his attention to venture capital with the establishment of M13 Ventures. The firm has become a prominent player in the startup ecosystem, with investments in leading companies such as Lyft, Ring, and Snapchat.
Reum’s strategic approach to investing and his hands-on involvement with portfolio companies have been key to the firm’s success, reinforcing his reputation as a successful entrepreneur and investor.
Personal Life and Marriage to Paris Hilton
Carter Reum’s personal life has garnered significant media attention, particularly his high-profile marriage to Paris Hilton. The couple’s engagement in February 2021 and their subsequent wedding in November 2021 were major events that captured the public’s interest. Their relationship has been widely covered, blending Reum’s business success with Hilton’s celebrity status.
The couple welcomed their son, Phoenix Barron Hilton Reum, in January 2023 via surrogacy, adding a new chapter to their lives. This personal milestone has further endeared Reum to the public, showcasing his role as a father while balancing his high-profile career and personal life. Their family life, combined with their professional achievements, represents a blend of business and personal success.
Contributions to the Startup World
Carter Reum’s influence in the startup ecosystem is profound, with his investments and guidance shaping the success of numerous startups. Through M13 Ventures, Reum has been involved in funding and supporting companies that have gone on to achieve significant growth. His strategic investments and mentorship have played a crucial role in the development of these businesses.
In addition to his role as an investor, Reum has shared his entrepreneurial insights through his book, “Shortcut Your Startup.” Published in 2018, the book provides practical advice for aspiring entrepreneurs, drawing from Reum’s personal experiences and successes. This contribution to the entrepreneurial community highlights his commitment to helping others succeed in the competitive world of startups.
Philanthropy
Carter Reum’s financial success has enabled him to engage in meaningful philanthropic activities. Through VEEV Spirits and his personal efforts, Reum has supported various charitable causes. The brand’s commitment to donating a portion of its proceeds to environmental initiatives reflects his dedication to making a positive impact.
Reum’s philanthropic efforts extend to supporting organizations such as Pencils of Promise and the Art of Elysium. These contributions aim to improve global education and support artists working with hospitalized youth. Reum’s involvement in philanthropy underscores his belief in using his success to benefit others and make a positive difference in the world.
Personal Life
Carter Reum’s personal life, including his residence in Los Angeles and his investments in Malibu real estate, reflects his appreciation for luxury and comfort. Despite his high-profile career, Reum maintains a focus on family and personal well-being. His role as a father to Phoenix Barron Hilton Reum adds a fulfilling dimension to his life, balancing his professional achievements with personal joy.
Reum’s lifestyle is marked by a blend of business success and personal fulfillment. His commitment to family, coupled with his professional accomplishments, paints a picture of a well-rounded individual who values both his career and personal life. This balance contributes to his overall happiness and success, making his story all the more inspiring.
Conclusion
Carter Reum’s journey from a determined student at Columbia University to a successful entrepreneur and venture capitalist is a remarkable tale of ambition and achievement. His net worth reflects his innovative approach to business and his strategic investments in high-growth startups. Through his work with VEEV Spirits and M13 Ventures, as well as his philanthropic efforts, Reum has made a significant impact on the business world and beyond.
As he continues to balance his professional achievements with his personal life, including his high-profile marriage to Paris Hilton and his role as a father, Carter Reum remains a figure of inspiration and success. His story serves as a testament to the power of entrepreneurship and the importance of using one’s success to positively influence the world.
Also Read: Joyce DeWitt Net Worth
Frequently Asked Questions (FAQs)
What is Carter Reum’s primary source of wealth?
Carter Reum’s primary sources of wealth are his successful ventures in VEEV Spirits and M13 Ventures, as well as his strategic investments in high-growth startups.
How much is Carter Reum worth as of 2024?
As of 2024, Carter Reum’s net worth is estimated to be between $30 million and $40 million.
What businesses has Carter Reum invested in?
Carter Reum, through M13 Ventures, has invested in several notable startups, including Lyft, Ring, and Snapchat.
Who is Carter Reum married to?
Carter Reum is married to Paris Hilton, the famous socialite and businesswoman.
What philanthropic causes is Carter Reum involved in?
Carter Reum supports various philanthropic causes, including environmental sustainability, global education, and the arts, through organizations like Pencils of Promise and the Art of Elysium.
