What is Carter Reum’s net worth?
Carter Reum is a venture capitalist and founder of investor firm M13 and has a net worth of $30 million. Reum is married to Paris Hilton.
He was born on February 5, 1981, as Carter Milliken Reum.
His mother is Sherry Reum.
His father was W. Robert Reum. He passed away on February 4, 2017, from complications of cancer. Reum served for 14 years as the CEO of Amsted Industries Inc, a company that manufactures industrial components. In 2021, the company’s revenue peaked at $3.8 billion.
Carter has a brother, Courtney, and a sister, Halle.
In 2003, he graduated Magna Cumme Laude from Columbia University.
From September 2004 to August 2006, Carter worked at Goldman Sachs as an Investment Banker.
VEEV Spirits
In 2007, Carter and his brother established VEEV Spirits as a better alternative to vodka.
“What’s fun about alcohol is that it’s the ultimate currency,” Carter said in December 2010 for HuffPost. “It’s like having cigarettes in prison.”
In 2012, VEEV Spirits launched Organic VitaFrute™ Cocktails.
In 2013, the company won the Technomic Fast 50 Award.
In September 2016, VEEV Spirits was acquired by St. Louis-based Luxco. In 2021, Luxco was acquired by MGP Ingredients.
M13
In 2016, he co-founded the capital firm M13 Investments with the goal of helping founders execute better.
“Our model allows us … to create outsized returns for our partners,” Reum wrote on his website.
The firm has ten full-time partners.
At launch, the venture firm already had involvement and investments in more than 50 companies, including Ring, Tender Greens, Pinterest, BirchBox, Lyft, Blue Bottle Coffee, SpaceX, KeVita, Warby Parker, Pressed Juicery, Thrive Market, and Bonobos.
“Like Messier 13, one of the brightest star clusters in the Northern sky,” Reum told Business Wire about M13’s name origins. “We believe we’re truly brighter together.”
Carter said in another interview: “successful entrepreneurs like to support other entrepreneurs.”
In 2018, Carter and Courtney Reum published a book titled – “Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success.” In the book, the two brothers provide real-life advice from the business playing field.
In November 2020, Carter and Paris Hilton opened IAB’s Brand Disruption Summit 2020. “We look forward to sharing our experiences building brands in the digital age,” Paris said in a press release.
Wife
@Getty
In December 2019, Carter and Paris Hilton began dating.
Hilton revealed in an interview that she and Carter first met “fifteen years ago at one of my house parties.”
“Paris is kind, smart, driven, authentic, and an amazing woman, and I can’t wait to have her as a partner in life,” Reum said for Vogue.
“We make each other better people,” Paris added. “He was absolutely worth the wait!”
In January 2021, Hilton revealed that she is in the process of undergoing IVF (in vitro fertilization) with Carter.
“We have been doing the IVF, so I can pick twins if I like,” Paris detailed.
In February 2021, Carter and Paris announced their engagement while the couple celebrated her 40th birthday on a private island.
Hilton wrote on her website that the proposal was everything she had “dreamed of.”
Paris has been engaged twice – to Chris Zylka in 2018 and Paris Latsis in 2004.
@Getty
The engagement ring was designed by French-born jeweler Jean Dousset.
“There are no words I could use to describe the love we share,” Hilton wrote on her Instagram on February 22, 2021.
In August 2021, the couple was spotted packing on the PDA (public display of affection) while on a yacht off the coast of Sardinia.
In October 2021, Reum and Hilton held their bachelor and bachelorette parties together in Las Vegas.
Reum and Paris Hilton got married in Los Angeles on November 11, 2021, at Paris’ late grandfather’s Bel Air estate. Several cast members from The Real Housewives were in attendance.
“I finally found like my perfect match, and I just feel so safe,” Paris said in 2022.
In 2021, Reum and Paris appeared in a docuseries, Paris In Love, which follows the wedding.
Children
Carter Reum has a daughter named Evie.
Evie’s mother is Laura Bellizzi, an American reality show star who once briefly dated Mel Gibson. She performed on the reality show “Secrets of Aspen.”
Reum signed a document acknowledging he was the father of Evie. Interestingly, in 2011, when Laura was pregnant, it was reported that Gibson is the father. Later, Laura released a statement to TMZ denying the claim.
On January 16, 2023, Reum and Hilton welcomed their baby boy, Phoenix Barron Hilton Reum, via surrogate.
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Net Worth
So, how much is Carter Reum worth?
Reum earned most of his wealth from co-founding VEEV Spirits and M13. VEEV Spirits was sold in 2016. At the time, the company had over $10 million in annual sales.
M13 is a full-service venture engine that has invested in dozens of companies such as Warby Parker, Snapchat, dot.LA, Rubicon, Daily Harvest, SpaceX, Girlboss, Ring, Pinterest, Lyft, Headspace, Bird, and more.
In July 2021, M13 had $450 million in assets under management. In March 2022, M13 had $750 million in assets under its management.
Therefore, Carter Reum has an estimated net worth of $30 million.
On the other hand, his wife has a net worth estimated at $300 million.
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I am Bulgarea Candin Stefan, and I founded FamousPeopleToday.com in 2018. I’m using my bachelor’s degree in economics and 9 years of experience in blogging to guide millions of people through the incredibly complex world of celebrity net worths.