Carter Reum has built an impressive $40 million net worth through smart business ventures and strategic investments, proving he’s far more than just Paris Hilton’s husband.
His entrepreneurial journey began with VEEV Spirits, an innovative açaí-based vodka company he co-founded with brother Courtney Reum in 2007, capitalizing on the health-conscious beverages trend before it became mainstream.
After successfully selling VEEV in 2016, Carter transitioned into venture capital with M13 Ventures, backing major companies like Lyft, Pinterest, and SpaceX.
His financial success stems from genuine business acumen and an ability to identify emerging trends early, making him a respected thought leader in the business community who has built lasting wealth through portfolio diversification and calculated risks.
Carter Reum’s Early Life and Education
Carter Reum was born on February 5, 1981, in Wayne Illinois. He grew up in a family that valued education and hard work. His parents encouraged him to pursue his dreams from an early age.
Reum attended Columbia University Economics program. He earned his degree in Economics, which gave him a strong foundation for his future career. The education helped him understand market trends and investment strategies that would later prove invaluable.
His college years shaped his strategic thinking approach to business. The knowledge he gained became the cornerstone of his future wealth building efforts. This academic background set him apart in the competitive business community.
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Carter Reum
Entrepreneur, Venture Capitalist & Business Author
| Full Name | Carter Milliken Reum |
| Date of Birth | February 5, 1981 |
| Birthplace | Wayne, Illinois, USA |
| Education | Columbia University – Bachelor’s Degree in Economics |
| Net Worth (2024) | $40 Million |
| Primary Business | M13 Ventures (Co-Founder & Managing Partner) |
| Previous Company | VEEV Spirits (Co-Founder, 2007-2016) |
| Investment Focus | Consumer brands, technology startups, health-conscious products |
| Notable Investments | Lyft, Pinterest, SpaceX, Ring, ClassPass, Daily Harvest |
| Published Book | “Shortcut Your Startup” (Co-authored with Courtney Reum) |
| Spouse | Paris Hilton (Married November 2021) |
| Business Partner | Courtney Reum (Brother) |
| Industry Recognition | Forbes 30 Under 30, Thought Leader in Venture Capital |
| Philanthropic Focus | Education, entrepreneurship, environmental sustainability |
| Key Strengths | Trend identification, strategic investments, consumer brand development |
| Current Role | Managing Partner at M13 Ventures, Active Angel Investor |
The Birth of VEEV Spirits
In 2007, Carter Reum and his brother Courtney Reum launched VEEV Spirits. This brother partnership marked the beginning of his major financial achievements. The company focused on creating açaí-based vodka for health-conscious consumers.
VEEV Spirits capitalized on the growing demand for health-conscious beverages. The brand emphasized sustainability and social responsibility in all its operations. This approach resonated well with modern consumers who care about environmental impact.
The company’s innovation in the spirits industry caught attention quickly. VEEV became popular among celebrities and health-conscious drinkers alike. The brand’s success demonstrated Reum’s ability to identify emerging trends early.
In 2016, the brothers executed their exit strategy by selling VEEV Spirits. This sale represented a major financial milestone in Carter’s career. The successful company valuation significantly boosted his net worth.
M13 Ventures: A New Chapter
After VEEV’s success, Carter Reum entered the venture capital world. He co-founded M13 Ventures with his brother, focusing on startup funding opportunities. The investment firm targets promising consumer brands and technology companies.
M13 Ventures has backed several successful companies including Lyft, Pinterest, and SpaceX. These strategic investments have generated substantial investment returns. The firm’s portfolio diversification strategy has proven highly effective.
The venture capitalist approach allows Reum to support multiple startups simultaneously. His experience with VEEV helps him identify promising business ventures. This expertise in consumer investing has become his signature strength.
M13’s success has significantly contributed to Reum’s overall wealth. The firm continues to expand its investment portfolio with carefully selected opportunities. Each investment decision reflects his deep understanding of market trends.
Author and Thought Leader
Carter Reum established himself as a business author and thought leader. He co-wrote “Shortcut Your Startup” with his brother. The book offers startup advice and unconventional strategies for entrepreneurs.
The book draws from their experiences in the business trenches. It provides practical guidance for aspiring entrepreneurs and business owners. The publication enhanced Reum’s reputation in the business community.
His thought leadership extends beyond writing to speaking engagements. He regularly shares insights about entrepreneurship education and brand development. These activities contribute to his public profile and industry reputation.
The book’s success added another revenue stream to his diverse portfolio. It also positioned him as an expert in startup strategy and business expansion.
Carter Reum’s Personal Life and Public Attention
Carter Reum’s high-profile relationship with Paris Hilton brought significant media attention. The couple got engaged in February 2021 and married later that year. Their Paris Hilton marriage elevated his celebrity status considerably.
This relationship transformed him into a celebrity entrepreneur in the public eye. The increased public profile opened new business opportunities and partnerships. However, his success was well-established before this relationship began.
The couple’s combined influence has created unique business opportunities. Their partnership extends beyond personal life into various ventures. This dynamic has further enhanced his industry influence and market reach.
His Net Worth Carter Reum’s
As of 2024, Carter Reum’s net worth is estimated at approximately $40 million. This impressive figure reflects his diverse business success across multiple industries. His wealth comes from various sources including investment gains and business sales.
The VEEV Spirits sale contributed significantly to his initial wealth accumulation. His venture capital investments continue to generate substantial returns. The combination of these factors has driven his consistent wealth building.
His financial success demonstrates the power of portfolio diversification. Rather than relying on one income source, he built multiple revenue streams. This approach has protected and grown his wealth over time.
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Philanthropy and Social Impact
Beyond business, Carter Reum is committed to philanthropy and social impact. He actively participates in various charitable initiatives throughout the year. His giving focuses on education, entrepreneurship, and social causes.
Reum believes in using his success for the greater good of society. He supports programs that help young entrepreneurs start their businesses. His social responsibility extends to environmental causes as well.
These philanthropic efforts reflect his values and long-term vision. He understands that true success includes giving back to the community. His charitable work enhances his reputation and personal fulfillment.
Frequently Asked Questions
How did Carter Reum make his money?
Carter Reum built his wealth through founding VEEV Spirits, which he sold in 2016, and through his venture capital firm M13 Ventures.
What is Carter Reum’s current net worth?
Carter Reum’s net worth is estimated to be around $40 million as of 2024, according to various financial sources.
What companies has M13 Ventures invested in?
M13 Ventures has invested in major companies including Lyft, Pinterest, SpaceX, and numerous other consumer brands and tech startups.
Is Carter Reum still married to Paris Hilton?
Yes, Carter Reum married Paris Hilton in November 2021, and they remain married as of 2024.
What book did Carter Reum write?
Carter Reum co-authored “Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches” with his brother.
Conclusion
Carter Reum’s entrepreneurial journey showcases how innovation and strategic investments can create lasting wealth. From his early success with VEEV Spirits to his current role as a venture capitalist, he has consistently demonstrated business acumen.
His story proves that combining education, hard work, and smart decision-making leads to financial success. The $40 million net worth reflects years of calculated risks and strategic partnerships. His continued focus on emerging trends and portfolio diversification suggests his wealth will continue growing.
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