Adam Weitsman Net Worth – Adam Joel Weitsman is a businessman and philanthropist from the United States of America. He owns and operates Upstate Shredding – Weitsman Recycling as President and Chief Executive Officer (CEO). He also owns and runs a restaurant in Skaneateles, which he opened in 2019. To learn more about Adam Weitsman’s net worth, continue reading.
Weitsman was born and reared in Owego, New York, on June 13, 1968 (age 52 years). He became interested in collecting art at a young age when his father and grandparents found two early American stoneware bottles in their trash yard in 1980 during an excavation operation. By 1982, Weitsman had accumulated 60 pieces of nineteenth-century stoneware.
Weitsman attended Owego Free Academy and graduated in 1986. Weitsman graduated from Long Island University’s C.W. Post Campus in Brookville with a bachelor’s degree in banking. Weitsman began his career in 1989 as an intern at Hirschl & Adler Folk Gallery in Manhattan, and in 1991 established the American Folk Art Gallery in Greenwich Village. Weitsman joined Ben Weitsman & Son, a scrap processing business owned by his family, as vice president in 1995 before ultimately buying it from his father.
He was instrumental in Upstate Shredding being named Tioga County’s Business of the Year in 2012. They merged into Upstate Shredding – Weitsman Recycling at the end of 2016. Weitsman was awarded the Platts Industry Leadership Award and the AMM Scrap Company of the Year for the second consecutive year. In May 2018, a former Upstate Shredding – Weitsman Recycling employee was found guilty of slander by a United States District Judge.
Weitsman and his wife, Kim, have made investments in Skaneateles real estate. Kim acquired the Krebs restaurant, which dates back to 1899, in 2010. Summer 2014 saw the restaurant’s re-opening.
In 2018, Weitsman broke ground on an Elephant and the Dove Mexican restaurant in Owego, New York, and a sushi bar. In 2020, Weitsman started sharing his business knowledge with Forbes, Entrepreneur, and Yahoo Finance via in-depth interviews.
Weitsman and his wife donated the restaurant’s earnings to sixteen area charity groups in 2015. Since 1998, Weitsman has made annual donations to the New York State Museum of nineteenth-century American stoneware in Albany.
Weitsman gave $175,000 to four Boys & Girls Clubs in Owego, Binghamton, Syracuse, and Endicott in January 2019 after pledging on social media that he would do so if the Syracuse Orange defeated the Duke Blue Devils in a men’s college basketball game on January 14.
In 2019, Weitsman contributed $100,000 to the Rescue Mission’s Clarence L. Jordan Food Service and Culinary Education Center’s restoration and expansion. He donated $10,000 to Peter Coleman’s effort to raise funds to combat pediatric cancer the following year.
Weitsman contributed $2,500 to the Tioga County Probation Department’s “Decision Points” program in 2020. This program is intended to motivate at-risk children to make more responsible choices in life. He offered the college campus he had purchased to any federal, state, or local government agency interested in establishing a base camp to assist in searching for a treatment for the Coronavirus.
In the summer of 2000, Weitsman met Kim Weitsman (then Kim DeFrance). Kim DeFrance gave up her modeling career in 2004 to work at Upstate Shredding alongside Weitsman as an operations manager. They wed in Skaneateles, New York, in June 2006. Perhaps you’re wondering how wealthy Adam Weitsman is.
Adam Weitsman is a businessman and philanthropist from the United States of America with a net worth of about $1.2 billion. He is the 52-year-old owner of a scrap metal empire that spans New York, from the Port of Albany to Rochester and the Southern Tier.
In her early thirties, he and his wife, Kim, a former fashion model, travel aboard a private Gulfstream aircraft. They commute between their New York City apartment overlooking Central Park and their other residences in a $250,000 Rolls-Royce Ghost. For a change of pace, they get into a Lamborghini and drive to a $20 million summer home in the Finger Lakes that he refurbished and furnished with museum-quality furniture.