Carter Reum made a bold move that changed his life forever. He left his secure job at Goldman Sachs to chase his entrepreneurial dreams. Today, this decision has paid off big time. The Paris Hilton husband has built an impressive Carter Reum Net Worth of $40 million through smart business ventures and strategic investments.
Carter Reum’s wealth comes from two major sources. First, he co-founded VEEV Spirits, an eco-friendly liquor company that he sold for millions. Second, he launched M13 Ventures, a venture capital firm that has invested in some of today’s biggest companies. His journey from investment banker to celebrity entrepreneur shows how taking calculated risks can lead to massive financial success.
This article explores how Carter Reum’s money grew from his early days at Columbia University to becoming one of the most successful venture capitalists in Los Angeles.
Carter Reum Net Worth Breakdown
Carter Reum net worth stands at an estimated $40 million as of 2024, making him one of the wealthier celebrity spouses in Hollywood. This entrepreneur net worth puts him in elite company among his peers in the venture capital world.
Carter Reum wealth distribution shows a smart approach to building money. The VEEV Spirits sale accounts for roughly 40-50% of his total wealth, providing the foundation for his current financial position. The liquor industry’s profits gave him the capital needed to launch his next big venture.
M13 Ventures portfolio value makes up another 30-40% of his net worth. The venture capital firm has invested in over 200 companies, with several achieving unicorn status. These startup investments continue to generate returns through management fees and carried interest from successful exits.
Book royalties from “Shortcut Your Startup” and speaking fees contribute an estimated 5-10% to his wealth. Real estate holdings and other investments round out the remaining 10-15% of Carter Reum financial success.
Early Life and Educational Foundation
Carter Milliken Reum was born on February 5, 1981, in Wayne, Illinois, into a family that valued business success and education. His father, Robert Reum, served as chairman and president of Amsted Industries, one of America’s largest private manufacturing companies.
Growing up in an entrepreneurial household taught Carter the value of hard work and calculated risk-taking. His family’s business background provided him with insights into how successful companies operate and grow over time.
Carter’s Columbia University economics degree laid the foundation for his future financial success. He graduated in 2003 with a strong understanding of market dynamics, financial analysis, and economic principles. During his college years, he launched several small business ventures that taught him valuable lessons about customer needs and market research.
After graduation, Carter joined Goldman Sachs as an investment banker, where he gained crucial experience in financial markets and deal-making. His Goldman Sachs experience provided the foundation for his later success as both an entrepreneur and venture capitalist. The investment banking background gave Carter deep insights into how companies are valued, bought, and sold.
VEEV Spirits
Carter Reum co-founded VEEV Spirits in 2007 alongside his brother, Courtney Reum, marking the beginning of his entrepreneurial journey. The brothers identified a gap in the alcohol market for healthier, more sustainable options. They saw growing consumer interest in health-conscious products and wanted to create something different from traditional vodka.
The açaí-based vodka represented a breakthrough in eco-friendly alcohol brands. VEEV Spirits used Brazilian açaí berries, known for their antioxidant properties, to create a unique product that appealed to health-conscious consumers. This sustainable business approach set them apart from traditional liquor companies.
VEEV Spirits achieved carbon-neutral certification, becoming the world’s first carbon-neutral spirit brand. The company donated 1% of all sales to environmental causes through its partnership with 1% for the Planet. These environmental initiatives helped build brand loyalty and differentiate VEEV from competitors.
Revenue growth at VEEV Spirits was impressive from the start. The company made Inc. Magazine’s list of 250 fastest-growing companies in America and won the Technomic Fast 50 Award in 2013. These achievements helped establish Carter and Courtney as serious players in the liquor industry.
The VEEV Spirits sale to Luxco in 2016 represented a major financial milestone for Carter Reum. While the exact sale price wasn’t disclosed, industry sources suggest the company sold for more than seven times its annual revenue. With VEEV generating over $10 million in annual sales, the sale likely exceeded $70 million.
Carter’s share of the VEEV Spirits valuation provided him with the capital needed to launch M13 Ventures. This successful business exit demonstrated his ability to build, scale, and sell a company for maximum value.
M13 Ventures
Carter Reum launched M13 Ventures in 2016 with his brother, Courtney, using proceeds from the VEEV Spirits sale as seed capital. The venture capital firm focuses on early-stage consumer technology companies, particularly those serving millennial and Gen Z consumers.
M13 Ventures’ portfolio includes some of today’s most successful companies. Early investments in Lyft before its IPO generated substantial returns when the ride-sharing company went public. The Ring investment proved particularly lucrative when Amazon acquired the smart doorbell company for over $1 billion.
Snapchat’s early-stage stakes through M13 Ventures have also contributed to the firm’s success. The social media platform’s growth and public offering provided strong returns for early investors. These strategic investments in consumer tech startups have become a hallmark of M13’s approach.
M13 Ventures operates with over $382 million in assets under management across multiple funds. The firm has made more than 200 direct investments and achieved 27 portfolio exits to date. This track record has established M13 as a respected player in the venture capital ecosystem.
The startup mentorship value provided by M13 goes beyond just capital. Carter and his team offer hands-on support to portfolio companies, helping with strategy, hiring, and business development. This approach has led to higher success rates among their portfolio companies.
Angel investor returns at M13 have been strong, with the firm ranking 14th globally in the 2023 HEC-Dow Jones Venture Capital Performance Ranking. This recognition validates Carter’s investment strategy and helps attract both entrepreneurs and limited partners to the firm.
Financial Impact
Carter Reum’s engagement to Paris Hilton in February 2021 brought unprecedented media attention to his business ventures. Their November 2021 marriage created one of the entertainment industry’s most high-profile power couples. The relationship has significantly increased Carter’s public visibility and brand recognition.
Paris Hilton’s estimated net worth of $300 million far exceeds Carter’s $40 million, making their combined household wealth approximately $340 million. This celebrity marriage represents substantial financial resources and investment opportunities for both partners.
The couple welcomed their son Phoenix Baron Hilton Reum in January 2023 via surrogate, adding to their family alongside Carter’s daughter from a previous relationship. Media attention from the Paris Hilton marriage has benefited M13 Ventures by increasing awareness of Carter’s investment activities.
Celebrity branding synergies have emerged from their relationship, with both partners able to leverage each other’s networks and business connections. Paris’s extensive business empire and celebrity contacts provide M13 with access to new investment opportunities and partnerships.
Real Estate and Philanthropy
Carter Reum’s real estate portfolio reflects both his wealth and investment acumen. His primary residence is a Mediterranean-style mansion in Beverly Park, one of Los Angeles’s most exclusive neighborhoods. The Malibu waterfront estates owned by Carter and Paris provide a secondary residence with stunning ocean views.
Carter actively supports Pencils of Promise, an organization focused on improving global education access. Environmental causes remain close to Carter’s heart, dating back to VEEV Spirits’ commitment to environmental sustainability. Art of Elysium receives support from Carter through both direct donations and event participation.
M13 Ventures incorporates ESG investing trends into its investment criteria, seeking companies that create positive social and environmental impact alongside financial returns. This approach reflects Carter’s belief that businesses can and should address societal challenges while generating profits.
Future Wealth Projections
Carter Reum’s Net Worth has grown from approximately $10 million in 2014 to $40 million in 2024, representing consistent wealth accumulation over the past decade. This growth reflects both the success of his existing investments and his ability to identify new opportunities.
Future wealth projections suggest Carter could reach a $100 million net worth within the next five to ten years if M13’s portfolio continues performing well. Expected portfolio exits and IPOs from current investments could significantly increase his wealth through carried interest distributions.
Annual wealth increase patterns show Carter’s net worth growing by approximately $3-5 million per year through a combination of M13 performance, real estate appreciation, and other investments. This steady growth reflects his diversified approach to wealth building.
| Wealth Component | Estimated Value | Percentage |
|---|---|---|
| VEEV Spirits Sale | $16-20 million | 40-50% |
| M13 Ventures Portfolio | $12-16 million | 30-40% |
| Real Estate Holdings | $4-6 million | 10-15% |
| Book & Speaking Fees | $2-4 million | 5-10% |
Conclusion
Carter Reum Net Worth of $40 million represents a remarkable journey from Goldman Sachs investment banker to successful entrepreneur and venture capitalist. His wealth comes primarily from building and selling VEEV Spirits and creating M13 Ventures into a respected venture capital firm with over 200 portfolio investments.
Carter’s marriage to Paris Hilton has increased his public profile and created new business opportunities, though his financial success was well-established before their relationship. Looking ahead, Carter Reum’s financial success appears likely to continue growing through M13 Ventures’ strong portfolio and his continued involvement in consumer technology investments.
Stay tuned to emagazinemix.com for the latest updates on celebrity net worth and exclusive insights into the world of high-profile entrepreneurs!
