Adam Weitsman Net Worth, Career, Early Life, Personal Life (2024)

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adam weitsman net worth

Though Adam Weitsman is a famous personality, those who don’t know about him let me first introduce him. Adam Weitsman is an American entrepreneur, industrialist, investor, and philanthropist having a net worth of $1.2 Billion. As of 2024, his annual income is $50 million. He is also known for his unconventional style. With his love for his passion, he is now the CEO of Upstate Shredding located with 15 state-of-the-art locations offering both retail and commercial services. To know other facts about Adam Weitsman net worth, career, early life, personal life, keep reading.

Full Name Adam Weitsman
Age 56 years old
Net Worth $1.2 Billion
Profession Entrepreneur
Partner Kimberly DeFrance

Net Worth

Adam Weitsman who is a mogul runs a scrap metal empire in New York is known to have an estimated net worth of  $1.2 Billion. Adam Weitsman is an entrepreneur who runs his business at several locations from Port of Albany to Rochester has an annual salary of $50 million and he earns the maximum of his income from the scrap metal processing businesses. 

Early Life and Education

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Adam Weitsman was born on June 13, 1968, in Owego, New York got his roots deep in excavation and art collection. He built his career with the construction of his scrap metal industry. In 1980 when he and his father stumbled over two stoneware bottles this fervor ignited for a stoneware collection. By 1982 he collected approximately 60 pieces. He did his graduation in 1986 from Owego Free Academy and later he pursued a degree at Long Island University’s CW post-campus in Brookville in Banking.

Career

If talked about his career then after completing his education in 1989 Adam Weitsman worked in art galleries like Hirschl & Adler Folk, and Manhattan Art Gallery to gain expertise in the field. Later in Greenwich Village, he opened his own American Folk Art gallery. Then after this in 1995, he was made the vice president of a scrap processing company that was owned by his family. With this in 1997 he opened another company of his own named Upstate Shredding in Omega.

Adam Weitsman was very much fascinated by the process of scrap metal recycling and so he decided to establish Upstate Shredding in Owego in 1997. And since then he has experienced remarkable growth and success in his business. Even after the retirement of his father he completed the acquisition of his sister’s company. Later in the year 2009 he acquired about 11 acre scrapyard in Solvay. Between 2012 and 2016 he continued expanding his business by purchasing more scrapyard in NewCastle and port facility in Albany. By the end of the year, he kept all these entities under one name that is Upstate Shredding.

Adam Weistman Net Worth over years

Net Worth in 2024 $1.2 Billion
Net Worth in 2023 $1.1 Billion
Net Worth in 2022 $0.8 Billion
Net Worth in 2021 $0.7 Billion
Net Worth in 2020 $0.7 Billion

Source of income

adam weitsman net worth

Initially, Adam Weitsman made his income through scrap metal and real estate businesses. As a beginner, he was just a small business owner but later he expanded and acquired more assets to diversify his portfolio. He also gained profit through Viridium LLC and a crypto mining company which he established in 2021. As a result, he built a billion dollar empire with savvy business decisions, hard work, and strategic investments. This is how Adam Weitsman Net Worth is billions of dollars.

Real Estate

With the establishment of his own company and to draw real estate investments in Skaneateles Adam and Kimberly DeFrance made an acquisition when Kimberly DefRance bought a restaurant built in 1899. In 2014 this restaurant was again opened. Through this eatery, he devoted all his funds to local philanthropic efforts. But in 2015 his wife donated 100% of the proceeds to the non-profit organization. To not get shut so soon in 2018 two additional restaurants were constructed, one named Elephant and the Dove, a Mexican restaurant, and the other a Sushi bar. In 2019 these projects were completed with a grand opening ceremony. In 2021 Adam Weitsman partnered with Danielle Mecuri to open a new Italian eatery.

Car Collection

Adam Weitsman has an amazing collection of cars, and the cars that he owns are listed in the table below.

Royal Royce Ghost $267,000
Bugatti Chiron $3 million
Lamborghini Huracan $206,485
Ford Mustang Shelby GT 350 $61635

Philanthropic Activities

Besides being a good businessman, Adam is also known for his philanthropic activities. A part of Adam Weitsman net worth supports numerous charitable causes, be it dedicated to fighting hunger, providing essentials to the needy, and promoting education. This commitment of Adam to give back to the community has helped him earn widespread admiration.

In 2020 he contributed $2500 to the Tioga County Probation Department’s Decision Points Program to provide support and guidance to those who are at-risk youth to help them lead constructive lives by making constructive life choices. And now he is in the process of making donations after the victory of the basketball team, Boeheim’s Army in 2021 where he chose to donate $1000000 to local charities. He even contributed to a fundraising event in Owego for the Rebecca Weitsman Memorial Dog Park. The other philanthropic contributions are listed in the table below.

Organizations Contributions
New York State Museum $1 million
Rescue Mission’s Clarence L.Jordan Food Service and Culinary Education Center $500000
Environmental Conservation Organizations $250000
Medical Research Foundations $500000

His generous donations have helped preserve and promote New York’s cultural heritage to help future generations learn from the state’s history.

Personal Life

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Adam Weisman is a married man who tied the knot  with Kimberly DeFrance. In 2006 he married her, a former fashion model who parted ways with her career in 2004 to stand by Weitsman’s side. Adam and Kimberly have three children: twins named Monroe and Rae and a daughter named Clover.

Frequently Asked Questions

1. By 2024 what will be Adam Weitsman net worth?

Adam Weitsman net worth is estimated to be $1.2 billion.

2. What type of industries has Adam Weitsman invested in?

He has invested in various companies like scrap metal processing, cryptocurrency mining and real estate.

3. What is the real estate portfolio of Adam Weitsman?

He owns various commercial and residential properties in New York and as well as in other states.

4. How did Adam Weitsman contribute to the field of banking?

Adam Weitsman has made several contributions to banking through his strategic investments and successful career.

5. What is the height of Adam Weitsman?

He is 1.75 meters tall.

Conclusion

Adam Weitsman has a remarkable journey that youngsters should follow to become successful in life. His wavering determination, strategic decision-making, and exceptional business acumen are the reasons Adam Weitsman Net worth is $ 1.2 billion. He has solidified his position as a promising figure in the scrap metal industry. Besides a great business, Adam Weitsman has also been a philanthropist who has made a significant contribution to various charitable causes. His success story is a big example to serve as a beacon for aspiring entrepreneurs.

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Surbhi Chauhan is a Content Writer who has over 2 years of experience. She has written many articles on different niches like education, affiliate marketing, AI, technical & scientific. Outside of work, she enjoys traveling, dancing, and reading books. She post-graduated as a food technologist and has experience in sensory, and microbial food testing along with the research work. She got her thesis published in a known journal. She is an opportunist with an optimistic attitude to cater to the needs of the hour. With a focus on providing informative and engaging content, the writer is committed to ensuring that her write-ups are well-researched.

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