Carter Reum's net worth stands at $20 million, though estimates reach up to $40 million. Many people recognize him as Paris Hilton's husband from a few years back, but Carter Milliken Reum has created something remarkable away from the spotlight.
His influence now reaches way beyond the reach and influence of his celebrity marriage. The 16-year old VEEV Spirits, which he started with his brother Courtney in 2007, became a pioneer as the first carbon-neutral spirits brand. Their success with VEEV led the entrepreneurial brothers to create M13, a venture capital firm now managing over $1.3 billion in assets.
The sort of thing I love about Carter Milliken Reum's wealth creation journey is his calculated investment strategy. M13's portfolio includes investments in more than 87 companies, with prominent names like Lyft, Pinterest, and SpaceX. His impressive track record of unicorns, IPOs, and acquisitions points to continued growth in his net worth projections for 2025.
Carter Reum Net Worth in 2025: What We Know
Carter Milliken Reum's exact net worth in 2025 presents the sort of thing I love to analyze. Financial experts have come up with estimates that range from a modest $40 million to an impressive $320 million.
Estimated range and why it varies
The wide range in Carter Reum's net worth estimates comes from several important factors. Different financial sources paint three distinct pictures:
- Conservative estimates suggest wealth between $20-40 million
- Mid-range assessments point to $35-45 million as of mid-2025
- The most optimistic figures reach about $320 million
These big differences have real reasons behind them. Wealth tracking platforms use different methods to calculate net worth. Some look at easy-to-track assets and public investments. Others try to estimate private holdings and future earnings from ongoing business ventures.
Time makes a big difference in these calculations. Startup values can change quickly, especially when companies prepare for IPOs or grow rapidly. A single round of funding can boost an investor's net worth by millions overnight.
How venture capital affects net worth visibility
Venture capital creates special challenges when calculating net worth. Unlike movie stars or athletes with clear salaries, Reum's wealth depends on perfect timing: company sales, buyouts, and his fund's success.
M13 Ventures' private investments make exact calculations difficult. These investments change value based on:
- Funding rounds for portfolio companies
- Market conditions
- Portfolio company performance
- Future exit possibilities
Reum doesn't have to share his complete financial details publicly. Financial analysts must fill this information gap with educated guesses instead of hard facts.
Venture capital wealth remains hard to track because private wealth investors put almost half their private market money into venture funds over the last ten years. This shows how venture capital has become a vital part of private investment portfolios.
Comparison with 2022 estimates
Reum's financial growth tells an interesting story. During his wedding to Paris Hilton in 2021-2022, experts estimated his worth between $20-40 million. The jump to 2025's numbers shows a 30-40% increase over four years.
M13 Ventures' growing success matches this upward trend. The company keeps investing in promising startups, and many have sold well or grown substantially in value.
Reum's strategy of backing consumer brands with real products helped protect his investments during the tough market of 2022-2023. Many venture capitalists struggled during this time, but his portfolio stayed strong.
Several M13 portfolio companies might go public or sell to bigger firms in 2025. These potential deals could lift Reum's net worth even higher, which makes calculating his wealth even more complex.
How Carter Reum Built His Wealth
Carter Reum built his fortune by combining investment banking, entrepreneurship, and venture capitalism. His wealth-building trip spans almost two decades. He started with a solid foundation in finance and built successful business ventures that ended up creating his current net worth.
Early career at Goldman Sachs
Carter Milliken Reum was born on February 5, 1981, in Wayne, Illinois. He built his financial foundation at Columbia University and graduated with an economics degree in 2003. His entrepreneurial instincts showed up early as he launched several business ventures during his college years.
Reum landed a position at Goldman Sachs as an investment banker after graduation. He didn't call it his dream job at first but saw it as a strategic stepping stone. "It wasn't the dream but when I thought about it, I thought to myself, it would teach me the skills that I could then go apply, whatever I wanted to do in the future," Reum explained. His time at Goldman Sachs became a "two-year training ground" that opened many doors.
Founding and selling VEEV Spirits
Carter and his brother Courtney took a bold step in 2007. They left their high-paying Goldman Sachs careers to start VEEV Spirits. Their premium liquor company pioneered making spirits from acai fruit. Friends and colleagues called it a "crazy" risk, but Reum looked at what it all means and saw "very little downside".
VEEV soared under the Reums' leadership:
- Recognized in Inc. Magazine's "500 Fastest-Growing Private Companies in America"
- Honored in Goldman Sachs' 100 "Most Intriguing Entrepreneurs" list
- Generated over $10 million in annual sales
- Earned the title of winner of the Technomic Fast 50 Award
VEEV became the world's first carbon-neutral spirit, showing the brothers' commitment to being environmentally responsible. They sold the company to beverage giant Luxco in 2016 for more than seven times its revenue, marking a high point in Carter Reum's wealth-building trip.
Launching M13 Ventures
The brothers created M13 in 2016 after VEEV's successful exit. Their venture capital firm took a unique approach. They focused on making winners instead of just picking them. "We really just kind of looked around and said, 'you know, the whole world's being disrupted and evolving. We think venture needs to evolve as well'," Reum explained.
M13 showed amazing results from day one. The firm had seeded seven "unicorn" companies valued at over $1 billion each by 2019. Their portfolio quickly grew to include prominent investments in companies like Lyft, Pinterest, SpaceX, Warby Parker, and Bonobos.
The firm's growth tells an impressive story. They started with Fund I at $92 million, raised $188 million for Fund II, and secured $400 million for Fund III. The company managed a much larger portfolio by 2022, adding by a lot to Carter Reum's growing net worth.
M13's success comes from its unique "propulsion platform" – a tech-enabled system that helps portfolio companies with resources and best practices. This fresh take on venture capital has made Carter Reum a major player in the investment world, helping create his current wealth.
Inside M13: The Engine Behind the Billion-Dollar Empire
M13, a venture capital powerhouse, stands at the core of Carter Milliken Reum's net worth. This billion-dollar empire grew faster than expected after its 2016 launch. The company's name comes from one of the brightest star clusters in the northern sky, reflecting a simple truth: stars shine brighter together.
What M13 does and how it works
M13 is an early-stage venture capital firm that focuses on seed and Series A investments for software businesses. The company stands out with its unique "Propulsion" model – a complete system that does more than just provide funding.
"We help them avoid bad decisions, because the definition of entrepreneurship is being asked every single day to do something you've never done before," Reum says about their philosophy.
Their Propulsion system gives portfolio companies strong support through:
- Strategic counseling and operational expertise
- Product development assistance
- Talent acquisition support
- Distribution strategy guidance
M13 maintains a 3:1 ratio of operators to investors. Reum calls this a "venture engine" that not only picks winners but creates them. Their operator-led model brings in full-time executives who average 25 years of experience. These experts help early-stage companies scale by filling crucial knowledge gaps.
Notable investments: Lyft, Pinterest, SpaceX
M13's portfolio now has more than 200 direct investments. Some standout companies they've backed include:
- Lyft and Pinterest
- SpaceX and Ring
- Capsule and Daily Harvest
- Thrive Market and FabFitFun
The firm seeded seven "unicorn" companies valued over $1 billion each by 2019, just three years after launch. Their portfolio now features three unicorns, one IPO, and eleven acquisitions as of 2025.
M13 invests in infrastructure technologies like AI and web3. These power the future of work, health, commerce, and money. Reum explains their simple approach: "We live by this mantra that 'if it's not a hell yeah, it's a hell no'".
Growth from $98M to $1.3B in assets
M13's growth shows why it boosts Carter Reum's net worth so much. The firm started small but grew steadily:
- Fund I raised about $98 million
- Fund II reached $175 million in 2019
- Fund III brought in over $400 million
M13 now manages more than $1 billion across three funds as of 2025. This makes it one of the industry's most powerful venture capitalist platforms.
The firm ranked 14th in the 2023 HEC-Dow Jones Venture Capital Performance Ranking. Only eight U.S.-based firms made it to the top 20.
M13 now writes checks between $8-15 million in fintech, healthcare, food, and real estate sectors. This lets the Reum brothers put money into promising startups that match their investment philosophy.
The Paris Hilton Effect: Marriage, Media, and Money
Carter Reum's estimated net worth continues to grow independently, despite his 2021 marriage to Paris Hilton raising his public profile. His business-first approach helps him build wealth on his own terms, though the spotlight has opened up new networking opportunities.
How their relationship began
Paris Hilton and Carter Reum's paths crossed many times over 15 years before romance sparked. Their story began at a Thanksgiving dinner in 2019, hosted by Reum's sister Halle Hammond. The spark was immediate. "We just had this incredible chemistry," Hilton shared with People magazine. "We had our first date and haven't spent a night apart since".
Their romance became public knowledge after cameras caught them kissing at a Golden Globes afterparty in January 2020. The pandemic lockdown brought them closer, and Reum picked the perfect moment to propose – on a private island during Hilton's 40th birthday celebration in February 2021.
The couple chose November 11, 2021 (11/11) as their wedding date. Hilton calls it "her reminder to make a wish and be open to miracles". Their three-day celebration turned into a star-studded affair at a private Los Angeles estate, with Demi Lovato and Kim Petras performing.
Prenup rumors and shared assets
The power couple has built an impressive portfolio together. They bought several properties before tying the knot, including a beachfront Malibu home in summer 2021 and a Los Angeles mansion.
Their greatest shared treasures are their two children. A surrogate helped them welcome son Phoenix Barron in January 2023, and daughter London arrived in November 2023. Reum also has a daughter from a previous relationship.
Public perception and media influence
Reum manages to keep his business-focused image even with increased media attention. "While Paris brought glamor and fame, Carter managed to keep his business-first persona". His entrepreneurial focus shows up in occasional public disagreements with Hilton, particularly about balancing travel commitments with family time.
Their business interests complement each other perfectly. They often make joint investments, with a special focus on food startups. Reum's M13 has invested in several food companies like Daily Harvest, Tender Greens, and Shake Shack.
Media attention comes with its challenges. Critics called them out for vacationing in Hawaii just 30 miles from devastating wildfires in August 2023. In spite of that, their bond seems stronger than ever as they step into 2025, finding their rhythm between public life and family time.
Beyond Business: Philanthropy, Family, and Future Moves
Carter Milliken Reum has built more than just a billion-dollar business empire. His wealth now flows into projects that make real differences in people's lives. The story of his net worth goes far beyond just numbers.
Charity work and social causes
Reum gives back through several non-profit organizations. His focus stays on arts, education, and environmentally responsible initiatives. He supports the Art of Elysium, which brings creative activities to hospital patients. His steadfast dedication shows in the End Gun Violence campaign. This commitment shines through his business choices too—VEEV Spirits became the world's first carbon-neutral spirit and gave part of its profits to environmental causes.
Parenting and family life
Family remains Reum's top priority next to his business achievements. He and Paris welcomed their son Phoenix through surrogate in January 2023, and daughter London arrived in November. Reum also keeps a close bond with his daughter Evie from an earlier relationship.
"Finding that life partner—who's going to be a teammate who makes you the best version of yourself—is the most important decision all of us make," Reum shared about marriage. Paris often calls him her "motivator" who "leads by example".
Upcoming ventures and predictions
The couple puts their money into businesses that help society. They gave $25,000 to help women business owners hit by the Eaton Fires in March 2025. Reum typically puts $4-7 million into about 48 different ventures. His recent focus has shifted toward cleantech startups and health breakthroughs.
Conclusion
The story of Carter Reum's path to wealth showcases a remarkable mix of business smarts, venture capital know-how, and entrepreneurial insight. His career started at Goldman Sachs and grew into an impressive financial empire now valued between $40-320 million. His wealth keeps growing thanks to M13's remarkable expansion from $98 million to over $1.3 billion in managed assets.
Reum has always spotted opportunities that others miss. He proved this first with VEEV Spirits, which became the world's first carbon-neutral spirit and sold for seven times its revenue.
Later, his M13's "Propulsion" model revolutionized venture capitalism by doing more than just writing checks. This smart approach helped him build a portfolio with powerhouse companies like Lyft and SpaceX while spreading his influence across many industries.
Marriage to Paris Hilton hasn't changed Reum's business-focused mindset. The power couple balances their entrepreneurial pursuits with family life and raises their two children. They sometimes team up for investments, especially in food startups. Reum also takes his community role seriously by supporting environmental sustainability, arts education, and gun violence prevention.
The future looks bright for this smart entrepreneur as we look toward 2025 and beyond. His growing interest in cleantech startups and health innovations matches perfectly with market trends. Carter Reum shows how smart thinking, calculated risks, and state-of-the-art business models can create substantial wealth in today's ever-changing business world.
FAQs
Q1. How does Carter Reum's net worth compare to Paris Hilton's?
While Carter Reum's net worth is estimated between $35-40 million, Paris Hilton's is significantly higher at around $300 million. However, together they form a powerful financial duo in the business and entertainment world.
Q2. What is the primary source of Carter Reum's wealth?
Carter Reum's wealth primarily comes from his venture capital firm, M13, which he co-founded in 2016. The firm now manages over $1.3 billion in assets and has invested in successful companies like Lyft, Pinterest, and SpaceX.
Q3. How did Carter Reum start his entrepreneurial journey?
Reum began his career at Goldman Sachs before co-founding VEEV Spirits with his brother in 2007. After selling VEEV for a substantial profit, he launched M13, which became the cornerstone of his financial success.
Q4. What makes Carter Reum's approach to venture capitalism unique?
Reum's venture firm, M13, uses a "Propulsion" model that goes beyond just investing. It provides comprehensive support to portfolio companies, including strategic counseling, product development assistance, and talent acquisition support.
Q5. How has Carter Reum's marriage to Paris Hilton affected his business ventures?
While the marriage has increased Reum's public profile, it has had minimal direct impact on his estimated net worth. Reum maintains his business-first approach, occasionally investing with Hilton in startups, particularly in the food industry.
