Carter Reum is a name synonymous with entrepreneurship and innovation. As the co-founder of M13 Ventures and VEEV Spirits, he has established himself as a financial powerhouse.
With a diverse portfolio of investments and a commitment to sustainability, his journey reflects his entrepreneurial acumen.
Let’s delve into Carter Reum net worth and the elements that have contributed to his success.
Quick Facts
| Fact | Detail |
|---|---|
| Real Name | Carter Milliken Reum |
| Popular Name | Carter Reum |
| Gender | Male |
| Birth Date | February 5, 1981 |
| Age | 43 |
| Parents | W Robert Reum, Sherry Reum |
| Siblings | Courtney Reum, Halle Reum Hammond |
| Birthplace | Wayne, Illinois, USA |
| Nationality | American |
| Ethnicity | N/A |
| Education | Columbia University (Economics) |
| Marital Status | Married |
| Spouse | Paris Hilton (m. 2021) |
| Children | Three |
| Dating | N/A |
| Net Worth | $20 Million (2024) |
| Source of Wealth | Entrepreneurship, Investments |
| Height | 1.8 m |
What is the Net Worth of Carter Reum in 2024?
Carter Reum‘s net worth is estimated at $20 million in 2024. This wealth stems from his entrepreneurial ventures, including co-founding VEEV Spirits and M13 Ventures. His investments in high-growth startups like Lyft and Snapchat significantly contribute to his financial success.
While $20 million is substantial, it’s modest compared to some of his peers in the venture capital and entrepreneurial space.
Close Entities in Comparison:
- Paris Hilton
- Courtney Reum
- Lyft
- Ring
- Snapchat
- Columbia University alumni
- Laura Bellizzi
- Sustainable business advocates
- M13 Ventures
Explore other celebrity wealth
Carter Reum Wealth, Salary, and Finance Overview
His Early Life and Education
Carter’s foundation for success began in Wayne, Illinois, where he was born into a business-savvy family. His father, Robert Reum, was the CEO of Amsted Industries, a privately held company. This environment instilled in him a deep understanding of business operations from an early age. He graduated from Columbia University in 2003 with a degree in economics, where he built a robust network that later supported his entrepreneurial endeavors.
The Foundation of His Career
After completing his studies, Carter joined Goldman Sachs as an investment banker. This role honed his financial and strategic skills, preparing him for his future ventures.
His early career experiences played a pivotal role in shaping his understanding of markets and investments.
The Success Story of VEEV Spirits
In 2007, Carter and his brother Courtney co-founded VEEV Spirits, a company that revolutionized the alcohol industry with its focus on sustainability. VEEV became the first carbon-neutral spirits brand, earning accolades for its eco-friendly practices.
The company’s flagship product, VEEV Açaí Spirit, gained widespread popularity and established the Reum brothers as innovators in the industry.
Establishing M13 Ventures
In 2016, Carter co-founded M13 Ventures, a venture capital firm specializing in consumer products and services. Under his leadership, M13 has invested in major companies like Lyft, Ring, and Snapchat.
This venture capital firm’s success highlights Carter’s ability to identify and nurture groundbreaking startups, further solidifying his reputation in the financial sector.
Contributions to Entrepreneurship and Innovation
Carter’s entrepreneurial spirit extends beyond his businesses. He co-authored Shortcut Your Startup with his brother, sharing valuable lessons from their journey. This book provides insights for budding entrepreneurs looking to accelerate their ventures.
Carter has also appeared on TV and contributed to leading publications, enhancing his influence in the business world.
Philanthropic Efforts and Social Responsibility
Carter’s ventures are not only financially successful but also socially responsible. VEEV Spirits donates a portion of its proceeds to environmental causes, while M13 Ventures emphasizes investing in socially conscious businesses.
Carter supports organizations like Pencils of Promise and Art of Elysium, showcasing his commitment to giving back to society.
His Personal Life and Connections
Carter’s personal life is intertwined with his professional achievements. Married to Paris Hilton, the couple often collaborates on ventures and philanthropic efforts.
His family connections, including his brother Courtney, have been instrumental in his business success, making the Reum family a formidable force in the entrepreneurial world.
Key Takeaways from His Financial Journey
Carter’s journey reflects a blend of innovation, education, and social responsibility. From his early days at Columbia University to leading successful ventures, his path showcases the importance of strategic investments and a commitment to sustainability.
FAQs about Carter Reum
How did he start his career?
He began his career as an investment banker at Goldman Sachs after graduating from Columbia University.
What companies has he co-founded?
He co-founded VEEV Spirits and M13 Ventures.
What is M13 Ventures?
M13 Ventures is a venture capital firm focusing on consumer products and services, with investments in companies like Lyft and Ring.
Has he written any books?
Yes, he co-authored Shortcut Your Startup with his brother Courtney Reum.
What are his philanthropic activities?
He supports organizations like Pencils of Promise and Art of Elysium and prioritizes sustainability in his ventures.
Who are his family members?
He is married to Paris Hilton and has three children. His siblings include Courtney and Halle Reum.
What is unique about VEEV Spirits?
VEEV Spirits was the first carbon-neutral spirits brand, focusing on eco-friendly practices.
What are his notable investments?
Carter has invested in companies like Snapchat, Lyft, and Ring through M13 Ventures.
What role does sustainability play in his ventures?
Sustainability is central to his business ethos, from VEEV’s carbon-neutral practices to M13’s socially responsible investments.
How does he contribute to the entrepreneurial community?
Through his book, public appearances, and mentoring startups, he shares his expertise and inspires future entrepreneurs.
Conclusion
Carter Reum’s financial journey is a testament to the power of innovation and responsibility in achieving success. At Pennbookcenter.com, we aim to provide insights like these to inspire and inform our readers. Join the conversation by leaving comments or exploring more engaging content on Pennbookcenter.com.
