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Carter Milliken Reum was born on February 5, 1981, in Wayne, Illinois, to W. Robert Reum, CEO of Amsted Industries, and Sherry Reum. He grew up in an entrepreneurial household and attended Glenbard South High School before enrolling at Columbia University, where he earned a degree in economics. After graduating, Reum began his career in investment banking at Goldman Sachs from 2004 to 2006, building the financial foundation that would fuel his later ventures.
In 2007, Reum and his brother Courtney co-founded VEEV Spirits, a premium spirits company recognized as one of America’s fastest-growing private companies. The brand established Reum as a savvy consumer products entrepreneur. He then co-founded M13, a venture capital firm focused on early and growth-stage consumer and technology companies. Under his leadership, M13 has grown to manage over $1.3 billion in assets across multiple funds, backing companies including Lyft, Ring, Pinterest, SpaceX, and ClassPass. The firm was ranked 14th in the 2023 HEC-Dow Jones Venture Capital Performance Ranking, one of eight American firms to place in the global top 20.
In 2018, Reum and his brother co-authored the business book Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success. He contributes to Inc. magazine and the Huffington Post, appears regularly as a financial analyst on Fox and CBS, and serves on the board of the Los Angeles County Museum of Art (LACMA). He is also an active angel investor with stakes across 48 companies including cleantech, health, and consumer internet ventures.
Reum became engaged to Paris Hilton in February 2021 and they married on November 11, 2021, in Los Angeles. Together, they have two children via surrogacy: son Phoenix Barron Hilton Reum, born January 2023, and daughter London Marilyn Hilton Reum, born November 2023. He also has a daughter from a prior relationship. The couple owns several luxury properties and are active philanthropists, including a $25,000 pledge in March 2025 to support 50 women-owned businesses affected by the Eaton Fires.
As of 2025, Carter Reum’s net worth is estimated at $20 to $40 million, according to Celebrity Net Worth and various financial publications, independent of his wife Paris Hilton’s estimated $300 million fortune.
Note: Net worth figures are estimates based on publicly available information and may not reflect exact financial positions. This profile was researched and composed with AI assistance and has been reviewed for accuracy.