Carter Milliken Reum, a prominent American entrepreneur and author, has gained widespread recognition as both a business magnate and the husband of media personality Paris Hilton. With a net worth ranging from $20 million to $40 million and a thriving career in venture capitalism, Reum’s success story is a testament to his strategic business acumen and innovative mindset. At 43 years old, Carter continues to make waves in the entrepreneurial world while managing his family life in Beverly Park, Los Angeles.
Early Life and Education
Born on February 5, 1981, in Wayne, Illinois, Carter Reum grew up in a family that valued both ambition and achievement. His father, Robert Reum, was the president, chairman, and CEO of Amsted Industries, one of the largest private companies in the United States. Carter’s father’s legacy left a profound impact on him, instilling the importance of hard work and leadership.
Carter attended Glenbard South High School before pursuing higher education at Columbia University. Graduating in 2003 with a degree in business and managerial economics, he laid a strong foundation for his future ventures. During his time at university, Carter demonstrated an aptitude for leadership and innovation, which would later define his career.
Early Career Path
After earning his degree, Carter began his professional journey at Champ Ventures in Sydney, Australia. This experience allowed him to explore startup ecosystems and gain valuable insights into business incubation. Upon returning to the United States in 2004, he joined Goldman Sachs as an investment banker alongside his elder brother, Courtney Reum.
While his corporate stint was promising, Carter felt a pull toward entrepreneurship. In a 2021 interview with Columbia College Today, he reflected on the pivotal decision to leave Goldman Sachs:
Founding VEEV Spirits
In 2007, Carter and Courtney co-founded VEEV Spirits, a brand known for its eco-friendly açaí-infused vodka. VEEV’s innovative approach to sustainability set it apart in the spirits industry, earning recognition as the first carbon-neutral spirits brand.
The company’s success was swift, with Inc. Magazine naming it one of the 250 fastest-growing brands in the United States in 2011. It also received accolades as one of Beverage Information’s Rising Stars. This recognition led to its acquisition by Luxco in 2016 for an undisclosed amount, marking a significant milestone in Carter’s entrepreneurial career.
M13: A Venture Capital Success
Building on the momentum of VEEV Spirits, Carter and Courtney co-founded M13 in 2016. This venture capital firm specializes in investing in consumer products and services, providing strategic guidance and resources to emerging businesses. M13’s portfolio includes investments in notable companies such as Lyft, Snapchat, Ring, and Canvas. The firm has become a key player in accelerating startup growth and fostering innovation across industries.
Carter’s role at M13 reflects his commitment to identifying transformative business opportunities. His ability to foresee market trends and support promising ventures has positioned him as a respected figure in the world of venture capitalism.
Real Estate Ventures
In addition to his entrepreneurial achievements, Carter has made strategic investments in real estate. In August 2021, he and Paris Hilton purchased a beachfront mansion in Malibu for $8.4 million. The 3,000-square-foot property features luxurious amenities, including an outdoor Jacuzzi and an oceanfront deck.
In February 2023, the couple leased a $21.5 million mansion in Beverly Park. This 14,000-square-foot Tuscan villa boasts seven bedrooms and 11.5 bathrooms, reflecting the family’s taste for opulence and comfort. These real estate ventures underscore Carter’s diversified investment portfolio and his penchant for luxury living.
Authorship and Thought Leadership
Carter’s expertise extends beyond business investments. In 2018, he co-authored the best-selling book Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches. The book provides practical advice for aspiring entrepreneurs, drawing from the brothers’ firsthand experiences in building successful ventures.
Carter has also been a consistent contributor to Inc. Magazine since 2015, sharing insights on entrepreneurship, leadership, and innovation. His writings have inspired many budding entrepreneurs to pursue their dreams with confidence and clarity.
Family Life and Personal Connections
Carter’s marriage to Paris Hilton in November 2021 marked the union of two influential figures. Together, they have three children: Phoenix, London, and Evie. The couple’s life in Beverly Park reflects their commitment to family and shared values.
Despite his high-profile relationship, Carter has maintained a relatively private persona, focusing on his business ventures and philanthropic efforts. His balanced approach to work and family life serves as an example of how ambition and personal fulfillment can coexist.
Comparing Wealth: Carter vs. Paris
While Carter’s net worth is impressive, Paris Hilton’s financial empire significantly surpasses it. With an estimated net worth of $300 million, Paris has built her fortune through various business ventures, including a fragrance line that has generated over $2 billion in revenue. Together, they form a power couple with a shared vision for success and impact.
Final Thoughts on Carter Reum’s Legacy
Carter Reum’s journey from a corporate professional to a successful entrepreneur and venture capitalist is a story of calculated risks and visionary thinking. His contributions to the business world, coupled with his role as a supportive husband and father, paint a portrait of a well-rounded individual.
By co-founding VEEV Spirits and M13, Carter has left an indelible mark on the entrepreneurial landscape. As he continues to explore new opportunities and inspire others, Carter Reum’s legacy as a business innovator and family man remains firmly established.
