Carter Milliken Reum is an American entrepreneur, venture capitalist, and author. While he has garnered significant attention for his marriage to socialite and businesswoman Paris Hilton, Reum’s professional achievements and business ventures have substantially contributed to his personal wealth and established him as a notable figure in the business world.
Early Life and Education
Born on February 5, 1981, in Wayne, Illinois, Carter Reum Net Worth is the son of Sherry and W. Robert Reum. His father was a prominent businessman, serving as the chairman, president, and CEO of Amsted Industries, a Chicago-based company recognized as one of the largest private enterprises in the United States. Growing up in an environment steeped in business acumen, Reum was inspired to pursue a career in entrepreneurship.
Reum attended Glenbard South High School before enrolling at Columbia University in New York City. In 2003, he graduated with a bachelor’s degree in economics, laying the academic foundation for his future endeavors in the business sector.
Professional Career
Investment Banking at Goldman Sachs
Following his graduation, Reum began his professional journey at the prestigious investment banking firm Goldman Sachs. During his tenure, he gained valuable experience in finance and investment strategies, which would later inform his entrepreneurial ventures.
Founding of VEEV Spirits
In 2007, Carter and his brother, Courtney Reum, co-founded VEEV Spirits, an innovative alcohol brand known for its açaí-infused vodka. Emphasizing sustainability, VEEV became the first carbon-neutral spirits brand in the United States. The company’s commitment to eco-friendly practices and its unique product offering contributed to its rapid growth and recognition in the industry. Eventually, the Reum brothers sold VEEV Spirits, significantly boosting Carter’s financial standing.
Establishment of M13 Ventures
Building on their success with VEEV, the Reum brothers launched M13 Ventures, a venture capital firm focused on investing in and supporting startups with high growth potential. M13 has invested in a diverse portfolio of companies, including notable names like Lyft, Ring, and SpaceX. Through M13, Carter has played a pivotal role in nurturing emerging businesses and contributing to their success.
Authorship and Media Appearances
Beyond his entrepreneurial pursuits, Carter Reum is also an author. In 2018, he co-authored the book “Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success” with his brother Courtney. The book offers insights and advice for aspiring entrepreneurs, drawing from the brothers’ experiences in building and scaling businesses.
Reum has also made appearances on various television networks, including CBS and Fox, serving as a guest and commentator on topics related to business and entrepreneurship. These media engagements have further elevated his public profile and established him as a thought leader in the business community.
Personal Life
Carter Reum’s personal life has attracted considerable media attention, particularly his relationship with Paris Hilton. The couple became engaged in February 2021 and married in November of the same year. Their union has been widely covered in the press, highlighting their combined social influence and affluence.
Net Worth Assessment
Assessing Carter Reum’s net worth involves examining his various income streams and financial ventures. Estimates of his net worth vary across sources:
- Celebrity Net Worth reports an estimated net worth of $20 million.
- Tuko.co.ke suggests a range between $20 million and $40 million.
- This Trading Life estimates his net worth to be around $40 million as of 2024.
These figures reflect Reum’s successful entrepreneurial ventures, particularly the sale of VEEV Spirits and the ongoing success of M13 Ventures. His strategic investments in high-profile companies through M13 have likely contributed to his wealth accumulation.
Philanthropy and Social Impact
In addition to his business pursuits, Carter Reum is known for his philanthropic efforts. He is actively involved in various charitable initiatives, demonstrating a commitment to leveraging his resources and influence for societal benefit. His dedication to philanthropy underscores his belief in contributing to the greater good beyond the business realm.
Conclusion
Carter Reum’s journey from an investment banker to a successful entrepreneur and venture capitalist is marked by strategic decision-making and a commitment to innovation. His ventures, including VEEV Spirits and M13 Ventures, have not only contributed to his personal wealth but have also had a significant impact on the business landscape. While estimates of his net worth vary, ranging from $20 million to $40 million, it is evident that his entrepreneurial endeavors and investments have solidified his financial standing. Beyond his professional achievements, Reum’s philanthropic activities and public engagements further exemplify his multifaceted contributions to both the business world and society at large.
