Paris Hilton once described her husband as a smart and not famous but good person who comes from a nice family. In short, she believes he is the opposite of what she used to look for in a romantic partner.
But is he rich?
Depending on who you ask, Carter Reum’s net worth could be around $20 million or over $40 million.
How do these net worth estimates compare to his wife’s wealth? How does he build (and spend) this much money? Read on to find out all the details about this venture capitalist.
Carter Reum: Quick Bio
Let’s kick the post off with a quick bio of Reum!
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- Full Name: Carter Reum
- Birthdate: February 5, 1981
- Birthplace: Wayne, Illinois
- Parents: Walter Robert and Sherry Milken Reum
- Siblings: Halle and Courtney Reum
- Education: Degree in economics from Columbia University (2003)
8 Facts About Carter Reum and His Financial Status
Now that you know the basics, you’re ready for more details about Carter Reum.
1. He’s Rich… But Not as Rich as His Wife
It doesn’t matter which estimate we go with; Paris Hilton is still going to be worth more than Carter Reum. She’s worth $300 million!
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2. His Family Is Quite Wealthy
One thing Reum and Hilton have in common is that they both come from extremely wealthy families.
The reality star’s great-grandad is the hotelier Conrad Hilton himself. As for Reum Carter, his father was the chairman of Amsted Industries, the railroad equipment manufacturer.
And we could argue about whether Paris Hilton is an actual heiress and whether Reum is self-made. But one thing is clear: they didn’t grow up struggling.
3. He Took a “Crazy” Risk Quitting His First Job
After graduating from Columbia, Reum landed a job at Goldman Sachs. Later on, he said that was the easiest job he ever got.
The pay was good, but he wasn’t too excited about the work. To him, it was just a chance to learn skills he’d use later in life.
What came later? Well, he was offered a role in an asset management film. Did he stay? Did he leave and go to the other company? Neither. Reum decided to quit and start the company VeeV with his brother.
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Reum knows now that walking away from two decent jobs was a “crazy” risk. But the way he saw it, there were two possible outcomes.
The bad one is that they’ll fail. However, he’d then have a better shot at getting into a good business school because the field wasn’t as competitive. The good outcome, of course, is that he’ll succeed in his venture.
VeeV, which was founded in 2007, ended with a 2009 revenue that’s a bit shy of $5 million.
4. The Reum Brothers Complement Each Other as Business Partners
Carter and Courtney didn’t just start VeeV together. They also co-founded the venture capital firm M13 and co-authored a book together.
Courtney Reum once said that they tried being “interchangeable” in the beginning and soon realized that this work dynamic wasn’t efficient at all. They decided each one should take a certain facet and tackle it.
5. He Owns a $8.4 Million Beach House With Paris Hilton
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Shortly after tying the knot, Hilton and Carter bought a home together.
It wasn’t just any home, either. The power couple went for a two-story oceanfront mansion in Malibu. Yes, that’s the same getaway property where they shot Cooking With Paris!
6. He Pays Child Support for His Estranged Lovechild
Carter Reum and Paris Hilton have two kids together. That said, Reum also shares another daughter with Laura Bellizii.
Here’s the thing, though: Reum has seen his daughter only once.
Sure, he financially supports her and plans on continuing to do so. However, he doesn’t have a “normal” father-daughter relationship with her at all.
I found this a bit unexpected. Paris Hilton praises Reum often as a husband and a father. So, it’s hard to imagine he doesn’t spend time with his firstborn.
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7. He Works Harder Than Everybody (At Least in His Wife’s Eyes)
What’s one thing Paris Hilton doesn’t like about Mr. Perfect? His work ethic, apparently.
The hotel heiress confessed that she thinks her husband works more than anyone she’s met. Still, I can’t help but feel that this was a compliment. She did say that he would blow anyone out of the water, after all.
And, in case you were wondering, the thing Reum that annoys Reum about Paris is her creativity. He said it has its good and bad, though.
8. He Doesn’t Believe He’s “Made It”
Even though he’s worth millions, Carter Reum doesn’t think he has “made it” yet. In fact, he doesn’t believe there’s such a thing as “making it” because you have to keep trying to reach higher.
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Final Thoughts
To recap, Carter Reum is worth at least $20 million.
He took risks early on in his career, and they paid off well. Maybe it’s just a good brain for business, a functional business partnership, luck, or a mix of all these things.
Either way, he’s as close to “making it” as it gets!
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