Adam Weitsman Net Worth 2024: Earnings, Salary, Career, Biography

Adam Weitsman is an American businessman and philanthropist with a net worth of $1.2 billion. He is the owner and CEO of Upstate Shredding – Weitsman Recycling, born June 13, 1968 in Owego, New York.

As of 2024, his annual income is $50 million. He became interested in art collecting after his father and grandfather discovered the first two stoneware bottles during an excavation project at his junkyard in 1980.

Adam Weitsman started collecting 19th century pottery and owned 60 pieces by 1982. In today’s post, we will tell you many facts about Adam Weitsman as well as find out the details of his net worth.

Adam Weitsman Net Worth (2024)

Full name Adam Weitsman
Job Businessmen
Net worth (2024) $1.2 billion
Monthly income 5 million dollars
Annual income 50 million dollars
Factors Business
Last updated 2024

Adam Weitsman Net Worth Growth

Net worth 2024 $1.2 billion
Net worth 2023 $1.1 billion
Net worth 2022 $0.8 billion
Net worth 2021 $0.7 billion
Net worth 2020 $0.7 billion

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Adam Weitsman’s career

Adam Weitsman was born in New York in 1968. An art collector since childhood, Weitsman is now a billionaire. 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 at art galleries such as Manhattan Art Gallery and Hirschl & Adler Folk, expanding his experience.

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He then opened the American Folk Art Gallery in Greenwich Village in 1991. As a result, in 1995 he became vice president of a scrap metal processing company owned by his family and purchased by his father.

In 1997, Adam Weitsman opened Upstate Shredding in the Tioga County Industrial Park in Omega. Adam Weitsman also acquired Upstate Shredding’s sister company after his father retired. And in 2009, Adam purchased an 11-acre scrap yard in Solvay from Peter Matlow.

He led Upstate Shredding to win the Tioga County Business of the Year award in 2012. In 2020, Adam Weitsman donated $2,500 to the Tioga County Probation Department called “Decision Point,” a program that aims to help at-risk youth make better choices.

Weitsman’s Favorite Things

Favorite Actor Will Smith
Favorite Actress Jennifer Lawrence
Favorite singer Michael Jackson
Favorite Apps Instagram
Favorite game Do not have
Favorite food Don’t know
Favorite song Don’t know
Favorite athlete Mass
Favorite movies Don’t know
Favorite cricket player AB Devilliers
Favorite soccer player Ronaldo
Favorite TV Show Don’t know
Interest Drive

About

Net worth $1.2 billion
Name Adam Weitsman
Year old 56 years old
Height (1.75 meters)
Weight 75 KG (Approx.)
Job Businessmen
Date of birth June 13, 1968
Place of birth USA
Nationality American
Wage 50 million dollars
Couple Kimberly DeFrance

“As an individual, I cannot change the world, but I can change one person’s world.”

– Adam Weitsman

Adam Weitsman’s social media accounts

Personal life

Adam Weitsman is married to Kimberly DeFrance, a fashion model. They first met in 2000 in New York, when she was on her way to visit her father in Owego. She gave up her modeling career in 2004 to help Weitsman with his scrap metal business.

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The couple married in Skaneateles, New York in 2006 and have a daughter named Clover. In 2017, they had twins named Monroe and Rae. Both husbands’ wives live in the Skaneateles mansion, which they bought in 2006.

Car collection

Rolls Royce Ghost $267,000
Bugatti Chiron 3 million dollars
Lamborghini Huracan $206,485
Ford Mustang Shelby GT 350 $61,635

Other assets

Weitsman and his wife, Kim, a former fashion model in her 30s, fly in a private Gulfstream jet. They own a condo in New York City and several other residences. They hop on a yacht to a summer retreat in the Finger Lakes that he renovated for $20 million.

Adam Weitsman Net Worth

As of 2024, Adam Weitsman has an estimated net worth of $1.2 billion. He is a New York City-based mogul who runs a scrap metal empire with dozens of locations, from the Port of Albany to Rochester and across the Southern Tier.

He makes most of his money from his scrap metal businesses, and his annual salary is $50 million. However, after Boeheim’s Army basketball team won, Weitsman pledged to donate $1 million to local charities in 2021.

He’s currently in the process of donating. Weitsman contributed to a fundraising event for the Rebecca Weitsman Memorial Dog Park in Owego, New York, and he’s worked with a youth baseball clinic in Syracuse to provide a baseball glove to every child treated there.

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