Millionaire Paris Hilton, once considered by her grandfather to be the “shame” of her family, is now 7.5 times richer than her businessman husband

In addition to being the granddaughter of the Hilton hotel owner, Paris Hilton is also known as a multi-talented businesswoman.

After a year of marriage, 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 a secret and has yet to reveal the baby’s name.

In November 2021, Paris Hilton and Carter Reum attracted attention when they held a lavish wedding that brought together many stars, including actress Emma Roberts, singers Bebe Rexha and Meghan Trainor… On the big day, she wore no less than 4 designer outfits.

In fact, Paris Hilton has never been shy about showing off her lavish lifestyle. She is known as one of the four heirs to the Hilton hotel chain, which has a market capitalization of nearly $40 billion, according to Google Finance.

With a net worth of $30 million, it is no surprise that the 42-year-old star owns a fleet of magnificent cars with sky-high prices (Barbie-pink Bentley Continental GT, California Spyder Ferrai …) or a fashion closet full of items from famous brands (Chanel, Dior …).

However, it is noteworthy that most of Paris Hilton’s wealth is thanks to her self-building.

An heir but not much wealth to inherit

According to Reuters, the Hilton family’s assets are a whopping $4.5 billion. But Paris’ grandfather, Barron Hilton, announced plans to donate 97% of his money to charity in 2004.

When Barron Hilton died in 2019, he left 3% (equivalent to $135 million) of his fortune to his eight children, 15 grandchildren, and four great-grandchildren. After being divided equally, Paris Hilton received $5.6 million. The remaining amount was donated to the Conrad N. Hilton Foundation, at Barron’s request.

There were even rumors that Paris Hilton was left out of her grandfather’s will. Barron disliked his granddaughter’s scandals and thought she was an embarrassment to the Hilton family. But even as a teenager, Paris Hilton wanted to be independent.

“I didn’t want to ask my family for anything. Yes, I come from the Hilton family, but I took a gamble on the business so big that even my grandfather told me, ‘I used to be known as Barron Hilton and now I’m known as Paris Hilton’s grandfather,’” she told Refinery29 in 2018.

Paris Hilton started modeling in 2016 and quickly rose to fame. In 2000, she signed with billionaire Donald Trump’s management company – T Management. She participated in shows at New York Fashion Week (USA) and built her own style. After that, she modeled for brands including Guess and Christian Dior. All of those modeling contracts helped Paris Hilton’s bank account grow.

The model’s breakthrough came in 2003, when she starred in her first television show, “The Simple Life” (2003-2007), which followed her and her best friend Nicole Richie as they lived with several families in the countryside for a month. The show received excellent ratings and cemented Paris Hilton’s status as the first queen of reality television.

In 2005, it was reported that Paris Hilton earned $5 million in just one season, more than Nicole Richie. She was also paid $1 million for appearing in a Kim Jang Hoon music video.

In addition to modeling and television, Paris Hilton has also found great success as a businesswoman and DJ. The majority of Paris Hilton’s net worth comes from her fragrance empire, which has more than 25 lines. In 2021, Variety reported that her brand had surpassed $4 billion in global sales.

In 2010, Paris Hilton entered the DJ world and became the highest-paid female DJ in 2014, earning $1 million per appearance.

She has also appeared in numerous commercials, such as for Carl’s Jr. in 2014. The businesswoman is also very specific about who she wants to partner with in business. Paris Hilton’s Manager ton once shared that she turned down about 12-20 brand partners every day. Of course, the deals that Paris Hilton agreed to also helped increase her wealth.

Millionaire Paris Hilton, once considered by her grandfather to be the “embarrassment” of the family, is now 7.5 times richer than her businessman husband – Photo 5.
Paris Hilton was once the highest-paid female DJ of the year. Photo: Rave Jungle.

The millionaire is 7.5 times richer than her businessman husband

According to Celebrity Net Worth’s estimate, Paris Hilton is holding a net worth of $300 million, almost equal to her parents’ assets. In particular, this number is 7.5 times more than her businessman husband Carter Reum – who has assets worth $40 million.

Like his heiress wife, Carter Reum comes from a wealthy family. Photo is the son of W Robert Reum – the late chairman and CEO of Amsted Industries. According to Forbes, this is one of the largest private businesses in the US, with an 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 many successful businesses, including Lyft, Pinterest, Snapchat… Carter Reum’s business is valued at $137 billion globally. Since then, M13 has become one of the richest investment firms in the US.

Millionaire Paris Hilton, once considered by her grandfather to be the “embarrassment” of the family, is now 7.5 times richer than her businessman husband – Photo 6.
Paris Hilton and Carter Reum on their big day. Photo: Vogue.

In addition to her business, Carter Reum is also the co-author of 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 providing tips and tricks for young entrepreneurs to succeed.

Carter Reum is also a regular columnist for Huffpost and Inc. Magazine.