What is Adam Weitsman Net Worth?
| Net Worth: | $1 billion |
|---|---|
| Source of Wealth: | Entrepreneur |
| Date of Birth: | June 13th, 1968 |
| Country of Origin: | United States |
| Last Updated: | 2024 |
Adam Weitsman Net Worth: Adam Joel Weitsman is an American entrepreneur with an estimated net worth of $1 billion. Adam Weitsman is a popular figure in the sports media industry as he grew up being a dedicated sports fan.
He is the CEO and owner of Upstate Shredding. The scrap company, Weitsman Recycling, is a scrap metal company with Owego, New York, as its headquarters.
He has greatly impacted the scrap industry and is an American philanthropist and entrepreneur.
Early Life
Weitsman had a setback in life when he was convicted and accused of a crime, thus spending his early 20s in prison. He graduated from Owego Free Academy High School and studied finance and business at Long Island University.
He was taught the right work ethic needed to excel from a tender age as he was raised in a working-class home.
He was born in 1968 in Owego Village, New York City, his birthplace.
Career
Weitsman’s success story in the metal recycling sector is attributed to his dedication to sustainability, aid work ethics, and business acumen. His career in the metal recycling industry started in 1992 with the establishment of his organization, Weitsman Recycling. The firm grew quickly and became the Northeast’s top metal recycling processor.
Weitsman bought another metal recycling company, Upstate Shredding, in 2001 and combined the two companies to become Upstate Shredding – Weitsman Recycling. The firm has about 20 facilities nationwide with about 300 employees. His leadership abilities have made the company one of the US’s top successful metal recycling companies.
Adam Weitsman net worth is estimated to be $1 billion as of 2024.
Career Highlights
Below are the highlights of his career
- 1992 – Founded Weitsman Recycling, a metal scrap company.
- 2001 – Weitsman bought another scrap firm, Upstate Shredding.
- 2005 – Upstate Shredding – Weitsman Recycling was formed from the merger between Upstate Shredding and Weitsman Recycling.
- 2010 – Rochester Business Journal recognized him with the “40 Under 40” title.
- 2015 – Scrap magazine recognized his efforts with the “Most Influential People in the Scrap Metal Industry” award.
- 2018 – He became an inductee of the National Recycling Hall of Fame.
- 2019 – He bought Traditions at the Glen and extended his services into the hospitality sector.
Personal Life
Adam Weitsman was born to Kay Weitsman and Phil Weitsman in 1968. He hasn’t been directly involved in any scandal. Still, Phil Weitsman, his father, encountered some controversy in 2013 as a result of his homophobic statement, which led to his temporary suspension from “Duck Dynasty,” a reality TV show featuring the Weitsman household.
Weitsman married Kim Weitsman, formerly Kim Defrance, in June 2006 in a town known as Skaneateles. The couple met during the summer of 2000, and in 2004, Kim stopped her modeling job to run the operations manager position of Upstate Shredding alongside Weitsman. The couple have three children together – Cole Weitsman, Mia Weitsman, and Reed Weitsman. He is known to have a supportive and strong relationship with his wife.
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Awards & Achievements
Weitsman has received countless awards and recognitions throughout his career. Some of these are: In 2005, he was recognized with the title of “40 Under 40” by Rochester Business Journal. He was also recognized by Scrap magazine as the “Most Influential People in the Scrap Metal Industry” in 2010. Weitsman received the entrepreneur of the Year Award from Ernst and Young in 2015.
He was inducted into the National Recycling Hall of Fame in 2018, and in 2020, Recycling Today recognized his company, Upstate Shredding, as “The world’s largest privately held metal recycling company.”
Adam Weitsman Net Worth
Adam Weitsman net worth is estimated to be $1 billion. Adam Weitsman has several income streams that enlarge his financial worth. He has diversified his wealth and income through real estate and stocks, thus positioning himself as a wise investor. He earns income through merchandise sales, appearances, and salaries through his appearance as a popular figure in “Duck Dynasty,” an A&E reality TV show.
He generates income from the sales of the book “Happy, Happy, Happy” which he co-authored with his family. Weitsman also has brand endorsement deals and has appeared at industry conferences, motivational talks, and business events, where he earned speaker fees.
Adam’s major income source, which has significantly impacted his financial worth, is his ownership of a metal recycling company in Owego Village, New York City. He is the owner and CEO of Weitsman Recycling.
Charity
Adam Weitsman is a known philanthropist who has dedicated his resources and time to numerous community initiatives in Skaneateles and Owego. He actively supports his parents’ foundation, the Phil and Kay Robertson Foundation, which focuses on youth development, veteran assistance, and disaster relief.
He also sponsors children’s well-being and education through the Compassion International organization. He has actively raised funds for St. Jude Children’s Research Hospital to battle against childhood cancer.
Adam has also supported habitat restoration and wetland conservation through the nonprofit organization called Ducks Unlimited. He contributes to worldwide disaster relief and humanitarian aid provision through the Mission of Hope organization.
Weitsman is charitable and has also extended helping hands to the Athletic Department of Syracuse University, Make-A-Wish Foundation, and St. Jude Children’s Research Hospital.
Real Estate
His dedication to excellence and quality is seen in his ownership of properties such as Traditions at the Glen. He has also invested heavily in real estate with holdings in the hospitality industry. Weitsman has a penthouse in Sunny Isles Beach located in Florida, with homes in Skaneateles Town, New York City.
Adam Weitsman net worth is estimated to be about $1 billion, this is inclusive of his wealth in real estate.
Notable Adam Weitsman’s Quotes
Life Lessons to Learn From Adam Weitsman’s Success
1. Work-Life Balance
Weitsman’s life showcases the need for family and faith as a solid foundation for living a fulfilled life. Despite his numerous business ventures, his family remains his priority, and the strong bond he shares with them motivates many.
2. The Need for Embracing Values
Weitsman was raised with the right attitude to work and never derailed from his early training. He has embraced honesty, hard work, and generosity throughout his career. He has lived an authentic and principled life worthy of emulation.
3. Positive Social Impact
Weitsman’s dedication to charity and philanthropic activities has continued to positively impacting the world and its people. He has continued participating and giving his resources and time to diverse causes.
4. Positivity
Weitsman has maintained a positive outlook and perspective coupled with his ability to see the humor in life.
Frequently Asked Questions – Adam Weitsman Net Worth
Does Adam Weitsman own a restaurant?
Yes, he owns The Dove and the Krebs and Elephant restaurants in Skaneateles, where he lives on the lake. He also holds an Upstate Shredding company, one of the largest metal recycling companies on the East Coast.
Is Adam Weitsman married?
Yes, he married Kim Defrance in 2006, and they relocated into their 20th-century lake home in 2007. The couple has three children together.
What company did Adam Weitsman establish?
Adam is the CEO and owner of Upstate Shredding – Weitsman Recycling Company, a metal recycling company headquartered in Owego Village, New York City.
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Final Thoughts
In 2023, Adam Weitsman’s financial worth is approximately 1 billion dollars. The American entrepreneur and philanthropist has achieved tremendous success in business and has given back to society in many ways.
As of 2024, Adam Weitsman net worth was estimated to be $1 billion.