How Much is Paris Hilton’s Husband Worth?

How Much is Paris Hilton’s Husband Worth?

Introduction

Paris Hilton, the famous American socialite, and entrepreneur tied the knot with Carter Reum in 2021. Carter Reum is a well-known entrepreneur and author who has made a name for himself in the business world. One of the most frequently asked questions about him is “how much is Paris Hilton’s husband worth?” In this article, we will delve into his wealth, sources of income, and philanthropic activities.

Who is Paris Hilton’s Husband?

Carter Milliken Reum was born on February 5th, 1981. He grew up in Wayne, Illinois, and graduated from Columbia College in Chicago with a degree in Economics. After graduation, he moved to New York City to pursue his career as an investment banker.

Reum co-founded VEEV Spirits with his brother Courtney Reum in 2007. The company specialized in producing organic alcoholic beverages and became incredibly successful within a short period. They sold it to Luxco Inc., which later sold it to a private equity firm.

Apart from VEEV spirits, Carter has also been involved with other successful businesses such as Airborne (a wellness brand), M13 Ventures (a venture capital firm), and Uber (as an advisor). He also authored two books: “Shortcut your Startup” and “The Art of War Visualized.”

In conclusion, Carter Reum is an accomplished entrepreneur who has achieved success through various business ventures. His entrepreneurial spirit has earned him significant wealth throughout the years. In the next section of this article, we will explore his sources of income in more detail.

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Sources of Wealth

Sources of Wealth

Carter Reum’s sources of wealth are diverse and include various business ventures, inheritance, and other investments. His entrepreneurial journey began with the founding of VEEV spirits, which was later sold to Luxco Inc. for an undisclosed amount. Although the exact sale price was never disclosed, it is estimated to be in the range of $100 million.

Apart from his success with VEEV Spirits, Carter has also been involved in other successful businesses such as Airborne (a wellness brand), M13 Ventures (a venture capital firm), and Uber (as an advisor). These ventures have contributed significantly to his net worth.

Additionally, Carter comes from a wealthy family that has made significant contributions to his wealth. His father, Robert Reum, is a former CEO of the packaging company Amsted Industries. Robert’s net worth is estimated at around $800 million.

Calculation of Net Worth

Calculating someone’s net worth can be challenging as it involves estimating the value of all their assets and subtracting their liabilities from them. Carter Reum’s net worth is estimated to be around $300 million based on various sources. Some of his known assets include:

  • A luxurious mansion in Pacific Palisades that he shares with Paris Hilton.
  • A private jet that he uses for business travel.
  • Various luxury cars such as a Lamborghini and a Range Rover.

However, these are just estimates since many aspects of Carter’s finances remain private. Nevertheless, it is evident that he has amassed significant wealth through his entrepreneurial ventures and family background.

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In conclusion, Carter Reum’s net worth runs into hundreds of millions due to his successful businesses and inheritance. Although estimating exact numbers can be challenging given the lack of public information about certain aspects of his finances, it is safe to say that he is incredibly prosperous.

Philanthropy and Charitable Contributions

Apart from his successful business ventures, Carter Reum is also an active philanthropist. He has been involved with various charitable organizations and causes such as Pencils of Promise, which aims to provide education for underprivileged children in developing countries. He has also supported the American Cancer Society, Children’s Hospital Los Angeles, and the Fulfillment Fund.

In 2020, Carter and his brother Courtney co-founded the M13 Foundation, a non-profit organization that focuses on empowering entrepreneurs from diverse backgrounds. The foundation provides resources and mentorship to help entrepreneurs achieve their goals.

Carter Reum’s philanthropic contributions have not gone unnoticed. In 2018, he was awarded the Community Impact Award by GQ magazine for his philanthropic work with Pencils of Promise.

Conclusion

In conclusion, Carter Reum is a highly successful entrepreneur who has made significant wealth through various businesses ventures such as VEEV Spirits and M13 Ventures. His net worth is estimated to be around $300 million. Apart from his business success, he is also actively involved in philanthropy work through organizations like Pencils of Promise and the M13 Foundation.

As we have seen throughout this article, Carter Reum’s journey to success has been marked by hard work, determination, and a deep desire to make a positive impact in society. It is clear that his entrepreneurial spirit and charitable contributions will continue to shape him into an influential figure in both the business world and philanthropy community.

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Philanthropy and Charitable Contributions

Apart from his successful business ventures, Carter Reum is also known for his philanthropic activities. He has been involved in several charitable organizations and initiatives that aim to make a positive impact on society.

In 2012, he co-founded the charity organization Malaria No More with his brother Courtney. The organization aims to eradicate malaria globally by raising awareness and providing essential resources to affected communities.

He has also been involved in the Los Angeles Food Bank, which provides food for families in need. Additionally, he supports the Malibu Foundation, which was established to help rebuild Malibu after the devastating wildfires in 2018.

Carter Reum’s philanthropic efforts have earned him recognition from various organizations. In 2020, he received the “Outstanding Citizen Award” from the Los Angeles County Sheriff’s Department for his contributions to society.

Conclusion

In conclusion, Carter Reum’s net worth is estimated at $300 million, making him one of the wealthiest entrepreneurs globally. He has achieved significant success through various business ventures such as VEEV Spirits and Airborne. His entrepreneurial spirit and philanthropic efforts have made him a respected figure within the business community.

It is clear that Carter Reum’s wealth has not only benefited him but also allowed him to give back to society through his charitable initiatives. As Paris Hilton’s husband, he continues to inspire others with his accomplishments and dedication to making a positive impact on society.

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