Carter Reum: A Journey to Wealth and Success

In the fast-paced world of American entrepreneurship, few names shine as brightly as Carter Reum.

Born on February 5, 1981, in Wayne, Illinois, Reum has carved out a remarkable path to success, becoming a multimillionaire entrepreneur and a beacon of inspiration for aspiring business leaders across the United States.

This article delves deep into the life, career, and accomplishments of Carter Reum, exploring how his journey embodies the essence of the American Dream.

Introduction: The Making of a Modern Mogul

Carter Reum’s story is one of ambition, innovation, and relentless pursuit of excellence. From his early days in Illinois to his current status as a venture capital titan and husband to Paris Hilton, Reum’s journey is a testament to the power of entrepreneurial spirit and strategic thinking.

"Success is not just about what you accomplish in your life, it's about what you inspire others to do." - Carter Reum

This quote encapsulates Reum’s approach to business and life, highlighting his role not just as a successful entrepreneur but as a catalyst for change and inspiration in the business world.

Early Life and Education: Laying the Foundations

A Midwest Upbringing

Growing up in Wayne, Illinois, Carter Reum was immersed in an environment that valued hard work and business acumen from an early age. His father, Robert Reum, served as the CEO of Amsted Industries, a diversified global manufacturer. 

This exposure to high-level business operations undoubtedly played a crucial role in shaping young Carter’s entrepreneurial mindset.

Academic Excellence at Columbia

Reum’s academic journey led him to the prestigious Columbia University, where he pursued a degree in Economics. During his time at Columbia, he didn’t just excel in his studies; he also became an active member of the Phi Delta Theta fraternity, honing his leadership and networking skills. In 2003, Reum graduated, armed with a solid educational foundation and a hunger for success.

Career Beginnings: From Wall Street to Spirits

Goldman Sachs: A Launchpad for Success

After graduation, Carter Reum took the well-trodden path to Wall Street, landing a position as an investment banker at Goldman Sachs. 

This experience provided him with invaluable insights into the world of finance and deal-making. However, it wasn’t long before Reum realized that his true calling lay in entrepreneurship.

The Birth of VEEV Spirits

In 2007, Carter and his brother Courtney Reum made a bold move that would define their careers. They founded VEEV Spirits, a premium spirits company that revolutionized the alcohol industry. What set VEEV apart was its innovative use of acai, a superfruit known for its health benefits, in their spirits.

VEEV’s Unique Selling Points:

• First acai spirit in the world
• Certified B Corporation status
• Commitment to sustainable business practices
• Recognized as one of the fastest-growing private companies by Inc. Magazine

The success of VEEV Spirits was nothing short of remarkable. By focusing on health-conscious consumers and sustainable practices, the Reum brothers tapped into emerging market trends with precision. 

Their efforts paid off handsomely in 2016 when they sold the company to Luxco for more than seven times its annual revenue.

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Investment Ventures and M13: Pioneering Venture Capital

The Launch of M13

After the successful exit from VEEV Spirits, Carter and Courtney Reum set their sights on a new frontier: venture capital. In 2016, they founded M13, an investment firm with a unique approach to funding and nurturing startups.

M13’s Investment Philosophy:

1. Focus on early-stage companies
2. Hands-on mentorship and support
3. Emphasis on disruptive technologies and innovative business models
4. Long-term value creation

Notable Investments and Success Stories

M13’s portfolio reads like a who’s who of successful startups. Some of their most notable investments include:

Company	Sector	Notable Achievement
Lyft	Transportation	Successful IPO in 2019
Ring	Smart Home	Acquired by Amazon for over $1 billion in 2018
Daily Harvest	Food Tech	Revolutionizing the frozen food industry

As of March 2022, M13 had raised an impressive $400 million for its third fund, cementing its position as a major player in the venture capital world.

Other Ventures and Media Presence: Expanding the Carter Reum Brand

“Shortcut Your Startup”: Sharing the Secrets of Success

In 2018, Carter and Courtney Reum co-authored “Shortcut Your Startup: Speed Up Success with Unconventional Advice from the Trenches”. This book distilled their years of entrepreneurial experience into actionable advice for aspiring business leaders.

Key takeaways from the book include:

• The importance of identifying market trends early
• Strategies for rapid scaling
• How to build a strong company culture
• Tips for navigating the fundraising process

Media Appearances and Public Speaking

Carter Reum’s success in business has made him a sought-after speaker and media personality. He has appeared on numerous television shows, including “Hatched,” where he shared his insights on entrepreneurship and innovation.

A High-Profile Union: Marriage to Paris Hilton

In 2021, Carter Reum’s personal life took center stage when he married international celebrity and entrepreneur Paris Hilton. The wedding was a star-studded affair that garnered significant media attention, further elevating Reum’s public profile.

Carter Reum Net Worth: Breaking Down the Numbers

As of August 1, 2024, Carter Reum’s net worth is estimated to be approximately $40 million. This impressive figure is the result of his various business ventures, investments, and media engagements.

Sources of Wealth:

1. VEEV Spirits sale
2. M13 investment returns
3. Book royalties and speaking engagements
4. Other business ventures and investments

It’s worth noting that Reum’s net worth is likely to continue growing, given the success of M13 and his ongoing entrepreneurial activities.

Philanthropy and Future Endeavors: Beyond the Balance Sheet

Giving Back to the Community

Carter Reum and his brother have shown a strong commitment to philanthropy, supporting various charitable causes. Their approach to giving back is often intertwined with their business practices, as evidenced by VEEV’s status as a Certified B Corporation.

Future Outlook

Looking ahead, Carter Reum shows no signs of slowing down. His focus on innovation and sustainability positions him well for future success in an increasingly conscious business world.

Potential areas of future focus for Reum include:

• Expanding M13’s investment portfolio
• Further ventures in the sustainable consumer goods sector
• Continued advocacy for responsible business practices

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Conclusion: The Carter Reum Formula for Success

Carter Reum’s journey from a small town in Illinois to the upper echelons of American entrepreneurship is a testament to his vision, hard work, and adaptability. His success across multiple industries – from spirits to venture capital – demonstrates a keen ability to spot trends and capitalize on emerging opportunities.

Key lessons from Carter Reum’s career:

1. Embrace innovation: Always look for ways to disrupt existing markets
2. Build strong partnerships: Collaboration, like with his brother Courtney, has been key to Reum’s success
3. Give back: Success comes with a responsibility to make a positive impact
4. Stay adaptable: Be willing to pivot and explore new opportunities
5. Share knowledge: Help others succeed through mentorship and education

As Carter Reum continues to make his mark on the business world, his story serves as an inspiration to entrepreneurs across America and beyond. His journey reminds us that with the right mix of vision, hard work, and strategic thinking, the American Dream is still very much alive and achievable.

FAQs about Carter Reum

Is Carter Reum wealthy?

Yes, Carter Reum is considered wealthy. As of 2024, his estimated net worth is approximately $40 million.

Is Paris Hilton’s husband a millionaire?

Yes, Carter Reum, Paris Hilton’s husband, is a multimillionaire with a net worth of around $40 million as of 2024.

What does Carter, Paris’ husband, do for a living?

Carter Reum is an entrepreneur and venture capitalist. He co-founded VEEV Spirits and is currently a co-founder of the investment firm M13.

Does Carter Reum see his daughter?

Carter Reum has a daughter from a previous relationship. While details about their relationship are private, it’s known that he has made financial provisions for her.

Was Carter Reum married before?

Carter Reum was not married before his union with Paris Hilton. However, he does have a child from a previous relationship.

Who are Carter Reum’s parents?

Carter Reum’s father is Robert Reum, who was the CEO of Amsted Industries. Information about his mother is not widely publicized.

How many children does Carter Reum have?

Carter Reum has two children. He has a daughter from a previous relationship, and in January 2023, he and Paris Hilton welcomed their first child together, a son named Phoenix Barron Hilton Reum.

Who is Laura Bellizzi and what is her connection to Carter Reum?

Laura Bellizzi is the mother of Carter Reum’s first child, a daughter born in 2011. Reum has acknowledged paternity and provides financial support for the child.