Carter Reum Net Worth: Entrepreneurial Journey Of A Successful Businessman

Carter Reum, a name that has gained substantial attention recently, is a successful entrepreneur, venture capitalist, and author. Known for his involvement in several high-profile ventures and his relationship with hotel heiress Paris Hilton, Reum’s achievements in both the business and entertainment worlds are an inspiring story of ambition and smart investment decisions. His financial success, marked by a growing net worth, showcases his impact on the entrepreneurial landscape.

This article discusses Carter Reum net worth, his various business endeavors, and his background.

Who Is Carter Reum?

Born on February 5, 1981, in Wayne, Illinois, Carter Reum hails from a family with an entrepreneurial spirit. His father, W. Robert Reum, was a prominent businessman, serving as the CEO of Amsted Industries, ranked among the largest private companies in the U.S. by Forbes. This exposure to the business world from a young age undoubtedly influenced Reum’s career path.

Carter attended Columbia University, where he earned his degree in economics. He began his professional journey working at Goldman Sachs, gaining experience in the financial industry. However, his entrepreneurial passion led him to create his own business and investments, ultimately setting him on the path to financial success.

Carter Reum Net Worth

Carter Reum net worth is around $40 million. His wealth primarily comes from his successful ventures, including VEEV Spirits and his investments through M13. The sale of VEEV Spirits, combined with the success of M13’s investments in major companies like Lyft and Ring, has significantly boosted his financial standing.

Reum net worth continues growing as M13 expands its portfolio and backs more high-potential startups. His wealth is a testament to his ability to create successful businesses and his talent for identifying and supporting innovative companies.

VEEV Spirits: A Major Breakthrough

One of Carter Reum’s key achievements in his career was co-founding VEEV Spirits in 2007 alongside his brother, Courtney Reum. VEEV is a premium alcohol brand known for producing spirits infused with açaí, a trendy superfood at the time. The company positioned itself as an eco-conscious brand, focusing on sustainability and health-conscious consumers. This innovative approach helped VEEV stand out in the highly competitive beverage industry.

Under the brothers’ leadership, VEEV Spirits grew significantly and became one of the fastest-growing independent brands in the United States. In 2016, they sold a majority stake in the company, allowing Carter to expand his investment portfolio and further increase his wealth.

Investment Ventures & M13

After the success of VEEV Spirits, Carter Reum turned his attention to venture capital. In 2016, he co-founded M13, a venture capital firm, with his brother Courtney. M13 is named after Messier 13, a star cluster known for its brightness, symbolizing its aim to back the brightest stars in the entrepreneurial world.

M13 focuses on early-stage investments in consumer technology and brands. The firm has invested in several high-profile startups, including Lyft, Ring, Daily Harvest, and Rothy’s, helping to scale these businesses into household names. Through M13, Carter has established himself as a savvy investor with a keen eye for identifying promising startups.

The firm’s success has contributed significantly to Carter Reum net worth, as the companies M13 has backed have collectively generated billions of dollars in value.

Author & Public Figure

In addition to his entrepreneurial and investment ventures, Carter Reum is also an author. In 2018, he co-authored the book Shortcut Your Startup with his brother. The book offers practical advice for aspiring entrepreneurs, drawing on their experiences in building and scaling successful businesses. The book received positive reviews for its straightforward approach to entrepreneurship and has further solidified Reum’s reputation as an expert in the business world.

Carter Reum’s Relationship With Paris Hilton

Carter Reum gained significant public attention when he began dating Paris Hilton in 2019. The couple became engaged in February 2021, and their wedding in November 2021 was widely covered in the media. While Paris Hilton’s fame and fortune are well-known, Reum’s success as an entrepreneur and venture capitalist has contributed to his own substantial wealth.

Although much of the media spotlight has focused on their glamorous lifestyle, Carter Reum’s achievements as a businessman have garnered him respect in his own right. His relationship with Hilton has added to his public visibility, but his net worth is largely a result of his business acumen.

Philanthropy & Social Impact

Beyond his business ventures, Carter Reum is also known for his philanthropic efforts. He and his brother Courtney have supported several charitable causes, particularly those focused on education, the environment, and entrepreneurship. They are committed to making a positive impact through both their business and philanthropic work.

Carter Reum and his wife, Paris Hilton, have also been involved in charitable causes, leveraging their public platforms to raise awareness and funds for various initiatives. This blend of business success and social responsibility highlights Reum’s commitment to leaving a lasting legacy beyond wealth accumulation.

Conclusion

Carter Reum’s estimated net worth of $40 million reflects his successful career as an entrepreneur, venture capitalist, and investor. From his early days at Goldman Sachs to co-founding VEEV Spirits and later establishing M13, Reum has consistently demonstrated an ability to identify and seize opportunities in the business world. His investments in some of the most recognizable consumer brands today have cemented his status as a savvy investor with a bright future ahead.

While his relationship with Paris Hilton has increased public attention, Reum’s business achievements stand independently. His entrepreneurial journey inspires aspiring business leaders, showing that innovation, hard work, and smart investments can achieve substantial wealth and success. As his venture capital firm continues to grow and invest in new opportunities, Carter Reum’s net worth is likely to keep rising in the years to come.

FAQs

What is Carter Reum’s net worth?
Carter Reum’s net worth is estimated to be around $40 million, primarily from his ventures like VEEV Spirits and investments through M13.

How did Carter Reum make his fortune?
Carter Reum co-founded VEEV Spirits and M13, a venture capital firm that invests in startups like Lyft and Ring, significantly contributing to his wealth.

What businesses has Carter Reum invested in?
Through M13, Carter Reum has invested in successful companies like Lyft, Ring, Daily Harvest, and Rothy’s.