Carter Reum, born Carter Milliken Reum, on February 5 1981, is an American venture capitalist, author and businessman. The 41-year-old came into the limelight in 2019 when he started dating socialite and Hilton Hotels heiress, Paris Hilton.
The budding entrepreneur is worth around $40 million in 2022 and is the co-founder of MI3, a firm that injects capital into startups to fuel their growth. Together with his brother, Courtney Reum, they run MI3 and have worked with corporations such as Lyft, SpaceX, Pinterest, Snapchat, and Bonobos.
Short Bio of Carter Reum
|Real Name||Carter Milliken Reum|
|Date of Birth||5th February 1981|
|Age||41 years as at 2022|
|Birth Place||Wayne, Illinois, US|
|Profession||Venture Capitalist, Entrepreneur, Author|
|Eye color||Light brown|
|Net worth||$40 million|
Carter Reum was born in Wayne, Illinois in the United States of America. His parents are the late W Robert Reum and Sherry Reum. Reum was born to wealthy parents, his father being the president and CEO of Amsted Industries, a private company valued at $4 billion by Forbes.
He attended Glenbard South High School in Glen Ellyn, Illinois, then proceeded to a private Ivy League university, Columbia University, for his tertiary education. When he graduated from university, he secured his first job in a venture capital firm in Sydney, Australia.
He has two siblings, Courtney and Halle Reum. Despite being born in an affluent family, Carter and his siblings, particularly his brother, made their way into successful independent career paths as entrepreneurs. In 2007, the two brothers got together and founded a vodka brand, VEEV Spirits.
His sister, Halle, is married to an Annenberg descendant, Oliver Hammond.
Carter is also an alumnus of Zeta Beta Tau, a Jewish college social fraternity that inducts successful individuals in business, politics, philanthropy, media, entertainment and other aspects of life. All these social networks and his interest in business at an early age has made the Los Angeles resident successful and has been hailed as a promising entrepreneur by Richard Branson and Arianna Huffington.
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Carter Reum Career
Carter’s father, a budding business executive, inspired his boys to pursue entrepreneurship at an early age. When Carter graduated college, he got a job in a venture capital firm in Sydney, Australia. This job would later come in handy when he and his brother founded M13, a venture capital startup behind the success of several startups in the United States.
At only 25 years old, Carter and Courtney founded a vodka brand, VEEV Spirits, out of disappointment from the available liquors. This brand did well because it was founded on the concept of fruit-flavoured liquor. In 2016, they sold the majority stake to alcohol beverages giant Luxco for five times their initial valuation.
After working for over five years in Australia, Carter returned to New York in 2014 and joined Goldman Sachs as an investment banker. Two years later, the Reum duo sold their stake at VEEV and used the money to start a venture capital firm, M13.
M13 is a venture engine that injects capital into startups to fuel growth. The company also counsels business owners on strategy, operational expertise and how to source resources. The Santa Monica headquartered company has contributed to Carter’s $40 million wealth.
Forbes reported that in 2016, the venture capital firm had syndicated approximately $100 million in investments to several startups. By 2012, the company had over $450 million assets under management. The private equity company has worked with firms such as SpaceX, Lyft, Bonobos, Pinterest, Snapchat, Warby Parker, and Slack.
Carter is also a published author. In 2018, he engaged his brother to co-author an entrepreneurial book, Shortcut Your Startup: Ten Ways To Speed Up Entrepreneurial Success. The book was an instant best-seller because it detailed the duo’s experience starting a business, lessons, tips and tricks of founding a company.
He is also a contributing writer to the Huffington Post and the Inc. Magazine.
Carter is also a business commentator and analyst, appearing on Fox and CBS. He also participated in a business competition reality show, Hatched. Additionally, the Illinois-native is a real estate investor, a venture that fattens his net worth yearly.
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Carter is married to Paris Hilton, the famous Hilton Hotel heiress, socialite, and reality TV star. The two met when Carter attended a Thanksgiving dinner organised by Paris’s sister, and they kicked off their romance right away. The two got engaged in February 2021 and got married later the same year, on 11th November.
The venture capitalist has one daughter,10, with former actress Laura Bellizzi. Bellizzi appeared in VH1’s reality show, Secrets of Aspen. She stays with the child in California, but according to court records, Carter supports her. However, Carter does not have a close father-daughter relationship with her child.
Information about Carter’s mother is scarce, but his father was a well-known corporate executive. His Chicago-based company, Amsted Industries, was ranked one of the best private companies in the US. He, however, died in 2018, as Carter and Courtney were writing their debut book together. They dedicated the book to him and wrote a touching tribute to the man who taught them what it takes to be an entrepreneur.
Carter now lives with his wife Paris in Los Angeles, California. The couple held an expensive Bel-Air wedding in 2021 in a $61.5 million estate spanning three days. Their celebrity friends graced the wedding, including reality TV star Kim Kardashian.
Carter Reum is of medium height but more on the taller side. He stands 1.80 metres tall( 5feet and 9 inches). The entrepreneur has a sleek, fit body, weighing approximately 75 kgs( 165 pounds). Reum has charming light brown eyes that compliment his Caucasian roots and dark brown hair.
Carter is a hardworking and smart entrepreneur, running a venture capital firm that has assets valued at $450 million in 2021. The Los Angeles resident is worth $40 million per Forbes report and has several assets behind his name. Most of his earnings come from his company, MI3. He is also into real estate, which earns him good money per year. On average, Carter’s yearly income is approximately$ 2 million. He and his wife co-own several properties, including an $8.4 million mansion in Malibu.