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American businessman, entrepreneur, and philanthropist Adam Weitsman is well-known. His position as the CEO of Upstate Shredding – Weitsman Recycling, one of the most prosperous scrap metal processing businesses in New York, has earned him widespread recognition.
According to the latest estimates, Adam is one of the wealthiest people in the area, with a net worth of almost $1.5 billion.
Adam’s passion, perseverance, and creative thinking have all contributed to the success of his business. His amazing empire of scrap metal businesses spans the Southern Tier, Rochester, and the Port of Albany.
His business practices are renowned for their effectiveness and sustainability, and he has received several honors and accolades for his contributions to the sector.
Adam’s Primary Source Of Income
Adam’s primary source of income comes from Upstate Shredding – Weitsman Recycling, where he serves as CEO. His scrap metal processing firms, distributed across multiple locations in New York, are reported to provide most of his income.
Construction, manufacturing, and the automotive industries are just a few of the industries in which the company’s operations include collecting, processing, and distributing scrap metal resources.
Despite his hectic schedule, Adam is constantly interested in philanthropy and giving back to his community. He has made numerous charity donations totaling millions of dollars to hospitals, schools, and non-profit organizations.
Adam has prioritized giving back to the community that has supported him throughout his career since he is a strong proponent of social responsibility.
Adam Weitsman Net Worth 2023
The estimated net worth of an American businessman, entrepreneur, and philanthropist Adam Weitsman is $1.5 billion.
His principal source of income comes from his company’s operations, Upstate Shredding – Weitsman Recycling, where he serves as CEO. He has an estimated $50 million in annual income as of 2023.
Weitsman has built up a scrap metal empire in New York encompassing a dozen facilities from Rochester to the Southern Tier and the Port of Albany.
Much of his income comes from his enterprises that process scrap metal. In addition, he bought a stunning property for himself in 2006.
Adam Weitsman Net Worth Growth
- Net Worth in 2023 $1.5 Billion
- Net Worth in 2021 $1.4 Billion
- Net Worth in 2020 $1.3 Billion
- Net Worth in 2019 $1.2 Billion
- Net Worth in 2018 $1.1 Billion
Adam Weitsman Career
After finishing his studies, Adam Weitsman started his career in the art world by working in several galleries, including the Manhattan Art Gallery and Hirschl & Adler Folk. After gaining significant expertise, he established his own American Folk Art Gallery in Greenwich Village in 1991.
Vice President Weitsman joined his family’s scrap processing business in 1995, and two years later, he founded Upstate Shredding in the Omega, Tioga County Industrial Park.
Weitsman gave $2,500 to the “Decision Points” program of the Tioga County Probation Department in 2020, which helps at-risk kids make better life decisions.