American businessman and venture capitalist Carter Reum is known for founding investment company M13 Ventures. Reum also co-founded alcohol brand VEEV Spirits. Being that he is married to socialite and entrepreneur Paris Hilton, it's only natural to wonder what Reum's net worth is and how he makes his money.
Hilton and Reum tied the knot on Nov. 11, 2021, in Los Angeles. Reum proposed to Hilton when they were staying on a private island in February 2021. Fast forward to March 2023 and the happy couple welcomed their first child together, a boy born via surrogate. During an interview with People, Hilton admitted, "It's always been my dream to be a mother and I'm so happy that Carter and I found each other."
Want to know more about the man who stole Hilton's heart, particularly, how he got rich? Then keep reading!
Carter Milliken Reum
Author, Entrepreneur, Investor
Net worth: $40 million (estimated and unconfirmed)
Carter Reum is an American businessman who founded investment company M13 Ventures. He also co-founded the VEEV Spirits alcohol brand. On Nov. 11, 2021, Paris Hilton and Reum tied the knot.
Birthdate: Feb. 5, 1981
Birthplace: Wayne, Ill.
Wife: Paris Hilton
What is Carter Reum’s net worth?
Although Reum may not be as wealthy as one of the heirs of the Hilton hotel chain, he still has quite a fortune to his name. Reum's net worth is estimated to be around $40 million, according to ExactNetWorth. He has generated most of his fortune from his businesses.
Together, Reum and Hilton make quite the power couple, with a net worth of $340 million.
Although Reum tends to be “all about business,” he showed a more personal side of himself in the TV series Paris in Love (2021). He also appeared in Hatched (2015) and Dish Nation (2011).
To make Reum even more of a well-rounded guy, the VEEV Spirits founder has also contributed to news websites like Huffington Post and was featured as a commentator on a variety of television networks such as CBS and Fox News
What was early life like for Carter Reum?
Reum was born on Feb. 5, 1981, in Wayne, Ill., to Robert and Sherry Reum. His father served as president and CEO of Chicago-based Amsted Industries. Reum, like his brother Courtney and sister Halle, graduated from Columbia College of Columbia University in 2003.
Carter Reum sold VEEV Spirits for an undisclosed sum.
In 2007, Reum and his brother, founded their own vodka brand, VEEV Spirits. The unique selling proposition of their liquor was its ingredients — it was the first-ever acai-based liquor. The startup expanded and was named in Inc.’s list of the 5,000 fastest-growing private companies in the U.S. In 2016, they sold a majority stake in VEEV Spirits to Luxco for an undisclosed sum.
According to Courtney, VEEV was sold for more than seven times its annual sales, which was claimed to be $5 million in 2009. This would imply that the company was sold for at least $35 million.
How did Carter Reum make his money?
After graduating from Columbia University, Reum worked with a venture capital company in Sydney, Australia. In 2014, he returned to New York and joined Goldman Sachs as an investment banker. Eager to get back into business together, Reum and Courtney founded M13, a venture capital company that has invested in Lyft, Snapchat, and Slack, among others. According to Forbes, M13 had $450 million in assets under management as of July 2021.
Reum is also a well-known author. In 2018, he published a book co-written with his brother, Shortcut Your Startup: Ten Ways To Speed Up Entrepreneurial Success. The book uses their personal experiences to teach entrepreneurs how to achieve their goals. In August 2021, Reum and his wife spent $8.4 million on an oceanfront home in Malibu.
How did Carter Reum meet Paris Hilton?
While it isn't exactly clear how Reum and Hilton met, the two have known each other for years. Chemistry began to form after they reconnected during a 2019 Thanksgiving get-together arranged by Reum's sister, Halle, per Cosmopolitan. After that, they've been inseparable.