Adam Weitsman is a well-established entrepreneur and philanthropist from the U.S. He is a rich and successful man with a net worth of $1.5 billion.
He is the owner and CEO of Upstate Shredding – Weitsman Recycling. He took interest in art collection after his grandfather and father found two early stoneware bottles during an excavation project in 1980.
By 1982, Adam collected 60 pieces of stoneware. If you are curious to know more about Adam Weitsman’s life journey and how he built his career, you should give this post a read.
|Adam Joel Weitsman
|13th June 1968
|Country of Origin
|Net Worth (as of 2024)
|Jan 20, 2024
Adam Weitsman was born on 13th June 1968. He grew up in Owego, New York. He comes from a business family where his father and grandfather were involved in art collection and excavation. This pretty much explains how Adam ended up in this field.
Adam’s interest in art collection grew by watching his father and grandfather. He started collecting stoneware in the 19th century. By 1982, he owned 60 pieces of the same.
Adam Weitsman lives a lavish life. He owns multiple properties and luxury cars. As far as his personal life is concerned, he is a married man. His wife Kimberly DeFrance is a fashion model.
The two first met in 2000 in New York and started dating immediately. In 2004, Kimberly quit her modeling career to help Adam with his scrap processing business.
The couple got married in 2006. They share a beautiful baby girl named Clover. They also have twins named Rae and Monroe. The family lives in their Skaneateles mansion.
Talking about Adam Weitzman’s education, attended Owego Free Academy. After completing his graduation, he enrolled at Long Island University’s CW Post Campus in Brookville.
He holds a degree in banking and completed his studies in 1989.
Right after his graduation, Adam started working in art galleries like Hirschl & Adler Folk and Manhattan Art Gallery. This helped him learn a lot about the field.
In 1991, he decided to establish his art gallery in Greenwich Village. He named it American Folk Art Gallery. A few years later, he occupied the vice president position at his family’s scrap processing company.
In 1997, Adam founded another company called Upstate Shredding in Omega. His second company was a great success. He earned the majority of his wealth from this company. It’s because of his scrap processing business that he is a billionaire today.
In 2020, he donated $2500 to Decision Points, the probation department of Tioga County. The objective of the program was to help and support at-risk youth to make better decisions.
Earnings and Net Worth
Adam Weitsman is a billionaire. His current net worth is estimated at $1.5 billion, which is expected to increase further in the future.
As per sources, Adam’s annual income is around $50 million. Most of that money comes from his company Upstate Shredding – Weitsman Recycling.
He owns a scrap metal empire with multiple branches in different locations across New York City. The majority of his wealth is generated from his scrap metal processing business.
1. How does Adam Weitsman make money?
As of 2024, Adam Weitsman is the CEO of Upstate Shredding – Weitsman Recycling, earning approximately $50 million annually. His primary income stems from his company, which operates a scrap metal empire in New York, spanning multiple locations from the Port of Albany to Rochester and across the Southern Tier.
2. How much was Adam Weitsman Bugatti?
Adam owns the Chiron Pur Sport, which is a limited-edition model and there are only 60 models of this particular car available in the world. The car was priced at $3.6 million, which accounts for the fact that Adam invests and spends his money on luxury cars.
3. What companies does Adam Weitsman own?
The main company that Adam Weitsman owns and which generates the maximum profit for him is Weitsman Recycling, which is a scrap and metal recycling plant that’s spread across 17 locations in Pennsylvania and New York. However, the uniqueness of his business model has hailed him and his company international recognition too.
4. Does Adam Weitsman have a wife?
Adam Weitsman met his wife Kim Weitsman in 2000 and the couple started dating soon after. Later in 2004, Kim left her job to support Adam and his company. They later married in 2006 and have three children.
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