Adam Weitsman is an American entrepreneur and philanthropist who has a net worth of $1.2 Billion. He is the owner and Chief Executive Officer of Upstate Shredding – Weitsman Recycling who was born on June 13, 1968, in Owego, New York.
As of 2023, his annual income is $50 million. He became interested in the art collection after his father and grandfather discovered two early stoneware bottles during an excavation project in his scrapyard in 1980.
Adam Weitsman began collecting stoneware from the 19th century and owned 60 pieces by 1982. Today in this post, we are going to tell you many facts about Adam Weitsman as well as cover his net worth in detail.
How Rich is Adam Weitsman?
|Full Name||Adam Weitsman|
|Net Worth (2021)||$1.2 Billion|
|Monthly Income||$5 Million|
|Annual Income||$50 Million|
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Adam Weitsman Net Worth Growth
|Net Worth in 2023||$1.2 Billion|
|Net Worth in 2022||$1.1 Billion|
|Net Worth in 2021||$0.8 Billion|
|Net Worth in 2020||$0.7 Billion|
|Net Worth in 2019||$0.7 Billion|
Adam Weitsman Career
Adam Weitsman was born in 1968 in New York. Having had an interest in art collection since childhood, Weitsman is a billionaire today. But let’s take a look at his career. In 1986, Adam Weitsman graduated from Owego Free Academy.
He majored in banking at Long Island University’s CW Post Campus in Brookville. In 1989, Adam Weitsman worked in art galleries like Manhattan Art Gallery, and Hirschl & Adler Folk, and extended his experience.
After this, he opened the American Folk Art Gallery in Greenwich Village in 1991. As a result, in 1995, he became the vice president of a scrap processing company owned by his family and bought by his father.
In 1997, Adam Weitsman opened Upstate Shredding at Tioga County Industrial Park in Omega. Adam Weitsman also acquired Upstate Shredding’s sister company after his father’s retirement. And in 2009, Adam acquired an 11-acre junkyard in Solvay from Peter Matlow.
He lead Upstate Shredding to win Tioga County’s Business of the Year award in 2012. In 2020, Adam Weitsman donated $2,500 to the Tioga County Probation Department called, “Decision Points” and the program aims to help at-risk youth make better choices.
Weitsman Favorite Things
|Favorite Actor||Will Smith|
|Favorite Actress||Jennifer Lawrence|
|Favorite Singer||Michael Jackson|
|Favorite Food||Not Know|
|Favorite Song||Not Know|
|Favorite Movie||Don’t Know|
|Favorite Cricketer||AB Devilliers|
|Favorite TV Show||Not Know|
|Net Worth||$1.2 Billion|
|Age||55 Years Old|
|Weight||75 KG (Approx)|
|Date Of Birth||13 June 1968|
“As one person I cannot change the world, but I can change the world for one person.”– Adam Weitsman
Adam Weitsman‘s Social Media Accounts
Adam Weitsman is married to Kimberly DeFrance who is a fashion model. They first met in 2000 in New York, when she was on her way to visit her father in Owego. she left her modeling career in 2004 to help Weitsman with his scrap business.
The couple married in Skaneateles, NY in 2006 and have a daughter named Clover. In 2017, they had twins named Monroe and Rae. Both husbands’ wives live in Skaneateles mansion which was bought in 2006.
|Rolls Royce Ghost||$267,000|
|Bugatti Chiron||$3 million|
|Ford Mustang Shelby GT 350||$61,635|
Weitsman and his wife, Kim, a former fashion model in her early 30s, fly in a private Gulfstream jet. They own a New York City condo and various other residences. They hop on a cruise to a summer retreat in the Finger Lakes that he renovated for $20 million.
Adam Weitsman Net Worth
As of 2023, Adam Weitsman has an estimated net worth of $1.2 billion. He is a mogul who runs a scrap metal empire in New York at a dozen locations, from the Port of Albany to Rochester and across the Southern Tier.
He makes his maximum income from his scrap metal processing businesses, and his annual salary is $50 million. However, following the victory of the basketball team, Boeheim’s Army, Weitsman offered to donate $1,000,000 to local charities in 2021.
He is currently in the process of making a donation. Weitsman contributed to a fundraising event for the Rebecca Weitsman Memorial Dog Park in Owego, New York, and he worked with a youth baseball clinic in Syracuse to provide a baseball glove to every child who received treatment there.
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