Besides her role as the granddaughter of the owner of the Hilton hotel, Paris Hilton is also known as a multi-talented businesswoman.
After a year of marriage, multi-millionaire Paris Hilton and her businessman husband Carter Reum welcomed a baby boy together at the end of January. The 42-year-old TV star has kept information about her first child under wraps, and up to this point, she has not revealed the baby’s name.
In November 2021, Paris Hilton and Carter Reum attracted attention when they held a lavish wedding and gathered many stars, including actress Emma Roberts, singer Bebe Rexha and Meghan Trainor… On the big day, she wore no less than 4 branded outfits.
In fact, Paris Hilton has never been afraid to show off her lavish lifestyle. She is known as one of four heirs to the Hilton hotel chain with a market capitalization of nearly $40 billion, according to Google Finance.
With a net worth of $30 million, it’s not surprising that the 42-year-old star owns a fleet of spectacular cars at sky-high prices (Barbie-pink Bentley Continental GT, California Spyder Ferrai…) or a wardrobe of fashion. The page is full of items from famous brands (Chanel, Dior…).
But notably, most of Paris Hilton’s wealth is thanks to her self-built.
Being an heir but not having much wealth to inherit
According to Reuters, the Hilton family’s net worth is a whopping $4.5 billion. But Paris’s grandfather – Barron Hilton – announced plans to donate 97% of his money to charity in 2004.
When Barron Hilton passed away in 2019, he left 3% ($135 million) of his fortune to eight children, 15 grandchildren and four great-grandchildren. After being divided equally, Paris Hilton received $ 5.6 million. The remainder was donated to the Conrad N.Hilton Foundation, at Barron’s request.
There were even rumors that Paris Hilton had been excluded from her grandfather’s will. Because Barron didn’t like his niece’s scandals and thought she was an embarrassment to the Hilton family. But ever since she was a teenager, Paris Hilton wanted to be independent.
“I don’t want to have to ask my family for anything. Yes, I come from the Hilton family, but I bet on the business so big that even my grandfather told me, ‘I used to know. came as Barron Hilton and now I’m known as Paris Hilton’s grandfather,'” she told Refinery29 in 2018.
From model, TV star to businessman, DJ
Paris Hilton modeled in 2016 and quickly rose to fame. In 2000, she signed a contract with billionaire Donald Trump’s management company – T Management. She participated in shows at New York Fashion Week (USA) and built her own style. She later modeled for brands including Guess and Christian Dior. All the modeling gigs back then helped keep Paris Hilton’s bank account afloat.
The model’s breakthrough came in 2003, when she appeared in her first TV show “The Simple Life” (2003-2007), which followed her and her best friend Nicole Richie as they lived for a month together. number of families in rural areas. The show received stellar ratings and cemented Paris Hilton’s status as an early reality TV queen.
In 2005, it was reported that Paris Hilton made $5 million in just one season, more than Nicole Richie. She was also paid $1 million for appearing in a music video by Kim Jang Hoon.
In addition to modeling and television, Paris Hilton also achieved great success as a businesswoman and DJ. The majority of Paris Hilton’s net worth comes from her perfume empire of more than 25 varieties. In 2021, Variety reports that her brand has crossed the $4 billion mark in global sales.
In 2010, Paris Hilton entered the DJ world and became the highest-paid female DJ of 2014, pocketing $1 million per appearance.
She has also appeared in commercials, such as for the restaurant Carl’s Jr in 2014. The businesswoman is also very specific about who she wants to do business with. Paris Hilton’s manager once shared that she turns down about 12-20 brand partners every day. Of course, the deals that Paris Hilton nodded to also helped her wealth increase.
A female millionaire is 7.5 times richer than a businessman husband According to estimates by Celebrity Net Worth, Paris Hilton holds a net worth of $300 million, roughly equal to her parents’ fortune. In particular, this number is 7.5 times more than businessman husband Carter Reum – who has a net worth of 40 million USD.
Like his heir wife, Carter Reum comes from a wealthy family. Pictured is the son of W Robert Reum – the late president and CEO of Amsted Industries. According to Forbes, it is one of the largest privately held businesses in the US, with estimated revenue of $4 billion.
According to Vogue, Carter Reum is a venture capitalist who founded the investment firm M13 in 2016 to support and provide resources for startups. The company has supported quite a few successful businesses, including Lyft, Pinterest, Snapchat… Carter Reum’s business is valued at $137 billion globally. Since then, M13 has been one of the wealthiest investment firms in the US.
Outside of business, Carter Reum co-authored the book “Shortcut Your Startup: Ten Ways to Speed Up Entrepreneurial Success” (2018) with her brother Courtney. This is one of the best-selling books on the Amazon e-commerce platform, with the content of giving tips and tricks for young entrepreneurs to succeed.
Carter Reum is also a regular columnist for Huffpost and Inc. Magazine.
