Adam Weitsman

From Wikipedia, the free encyclopedia

Adam Weitsman
Adam Weitsman.jpg
Weitsman in 2020
Born
Adam Joel Weitsman

(1968-06-13) June 13, 1968 (age 53)
Owego, New York, U.S.
Alma materOwego Free Academy
Long Island University
OccupationEntrepreneur, philanthropist
Spouse(s)
Kim Weitsman
​
(m. 2006)​
Children3[1]
AwardsPlatts Industry Leadership Award
AMM Scrap Company of the Year Award
WebsiteOfficial website

Adam Joel Weitsman (born June 13, 1968) is an American entrepreneur. He is the owner and chief executive officer (CEO) of Upstate Shredding – Weitsman Recycling, a scrap metal processing company headquartered in Owego, New York and was awarded Scrap Company of the Year by American Metal Market in 2015 and 2016.[2] Adam Weitsman is the CEO of Viridium LLC, a crypto mining farm spanning several locations throughout New York. Weitsman formed a partnership with Elevator Studio to purchase digital land in the multiplayer action role-playing game Big Time.[3] He is stated to have a net worth of 1.2 billion.[4]

Early life[]

Weitsman was born and raised in Owego, New York.[5] He developed an interest in art collecting early in life after his father and grandfather discovered two early American stoneware bottles during an excavation project in their scrap yard in 1980.[6] Weitsman began collecting the 19th-century stoneware and owned 60 pieces by 1982.[5]

In 1986, Weitsman graduated from Owego Free Academy. Weitsman majored in banking at the C.W. Post Campus of Long Island University in Brookville.[5] In 1989, Weitsman worked at a Manhattan art gallery, Hirschl & Adler Folk, and opened the American Folk Art Gallery in Greenwich Village in 1991.[5][7] In 1995, Weitsman became vice president of Ben Weitsman & Son, a scrap processing company owned by his family before eventually purchasing it from his father.[5]

Career[]

After losing his sister to cancer in the early 1990s, Weitsman quit a career in New York City and started back to his hometown to support his father in the family scrap metal business. He built up an interest in the processing side of scrap metal recycling, which led to the foundation of Upstate Shredding.[8]

In 1997, Weitsman opened Upstate Shredding at the Tioga County Industrial Park in Owego, NY.[9][7][10]

In 2005, Weitsman acquired Upstate Shredding's sister company, Ben Weitsman & Son, Inc., after his father retired.[9] In December 2009, Weitsman acquired an 11-acre scrapyard in Solvay, NY from Peter Matlow.[11] In March 2010, Upstate Shredding won Tioga County's Business of the Year award.[12] Between 2012 and 2016, Weitsman acquired a scrap yard in New Castle, PA,[10] a port facility in Albany,[9] and Empire Recycling in Watertown, NY.[13] By the end of 2016, they were collectively known as Upstate Shredding – Weitsman Recycling.[9][14] That year, Weitsman won the Platts Industry Leadership Award and the AMM Scrap Company of the Year award for the second year in a row.[15][16] In May 2018, a U.S. District Judge found a former Upstate Shredding – Weitsman Recycling employee guilty of defamation.[17]

Weitsman and his wife, Kim Weitsman, have invested in real estate in Skaneateles. In 2010, Kim purchased the Krebs restaurant, which was founded in 1899.[18] The restaurant re-opened in the summer of 2014.[14]

In 2018, Weitsman began construction on a Mexican restaurant, Elephant and the Dove, in addition to development of a sushi bar in Owego, NY.[19][20] The restaurant opened on April 11, 2019.[21][22]

In 2021, Weitsman announced a collaboration with Rise N Shine restaurant owner, Danielle Mecuri, for a new Italian restaurant in East Syracuse.[23] Adam Weitsman is the CEO of Viridium LLC, a crypto mining farm spanning several locations throughout New York.

On December 23rd 2021, it was announced that Weitsman formed a partnership with Elevator Studio to purchase a $1 million plot of digital land in the multiplayer action role-playing game Big Time.[3]

Philanthropy[]

Weitsman supports his local philanthropic efforts through personal funding and his restaurant, The Krebs, which he and his wife purchased in 2010.[18] In 2015, Weitsman and his wife donated the restaurant's profits to 16 regional nonprofit organizations.[24][25]

Since 1998, Weitsman has been donating his collection of 19th-century American stoneware to the New York State Museum in Albany.[6]

As a philanthropist, he has donated to causes such as ALS[26] and cancer research,[27] youth,[28][29] education, healthcare, community services and more.[30][31]

In 2018, Weitsman donated $27,000 to the Jim & Juli Boeheim Foundation, benefiting CNY children in need.[32]

In 2019, Weitsman donated $100,000 for the renovation and expansion of the Rescue Mission's Clarence L. Jordan Food Service and Culinary Education Center.[33]

In 2020, Weitsman offered a college campus he acquired to any federal, state, or local government agency to set up a base camp to help find a cure for the Coronavirus.[34]

In 2020 donated $70,000 to the barstool fund.

In 2021, Weitsman offered to pay $1,000,000 to local charities, following the win of the basketball team, Boeheim's Army. He is in the process of donating currently.[35][36] Weitsman donated to a fundraising event for the Rebecca Weitsman Memorial Dog Park in Owego, NY.[37] Weitsman worked with a youth baseball clinic in Syracuse to give every child who gets treated there a baseball glove.[38][39]

Personal life[]

Weitsman met his wife, Kim Weitsman (then Kim DeFrance) in the summer of 2000.[7] In 2004, DeFrance left her modeling career to work alongside Weitsman as an operations manager for Upstate Shredding.[7][40] They married in June 2006 in Skaneateles, NY[7] and have three children Clover, Monroe, Rae.[1][41]

References[]

  1. ^ a b "Scrap industry CEO funds charity food service facility renovations". Recycling Today.
  2. ^ "Scrap Company of the Year (Large) | American Metal Market | Fastmarkets AMM". American Metal Market. May 5, 2015. Retrieved April 22, 2021.
  3. ^ a b "Elevator Studio and Adam Weitsman Form Investment Partnership to Purchase Metaverse Land for Business Development". www.businesswire.com. December 23, 2021. Retrieved December 24, 2021.
  4. ^ "Adam Weitsman's Impressive Net Worth Is From Recycling Business". Market Realist. September 17, 2021. Retrieved December 25, 2021.
  5. ^ a b c d e Louie, Elaine (March 16, 1995). "HOUSE PROUD; A Studio Breathes, Idea by Idea by Idea". The New York Times. ISSN 0362-4331. Retrieved January 31, 2019.
  6. ^ a b Kahn, Eve M. (September 9, 2010). "Adam Weitsman New York Stoneware Collection, at Home in Albany". The New York Times. ISSN 0362-4331. Retrieved January 31, 2019.
  7. ^ a b c d e "From scrap to Skaneateles: Adam Weitsman's lifetime mission to salvage a reputation". syracuse.com. November 21, 2010. Retrieved January 31, 2019.
  8. ^ "Transforming A Personal Brand After Hardship: A Case Study With Adam Weitsman – NewsOpener". News Opener. November 25, 2020. Retrieved April 22, 2021.
  9. ^ a b c d "Metal-shredding scrap company growing in region, across N.Y. | The Daily Gazette". dailygazette.com. Retrieved February 4, 2019.
  10. ^ a b "Recycler lands in New Castle, takes on nation's largest scrap processors". Pittsburgh Post-Gazette. Retrieved February 4, 2019.
  11. ^ syracuse.com (April 30, 2018). "A beautiful scrapyard? Weitsman starts $5M makeover of Geddes 'eyesore'". syracuse.com. Retrieved February 4, 2019.
  12. ^ "Upstate Shredding Wins Tioga County Business of Year Award". Recycling Today. Retrieved February 4, 2019.
  13. ^ "Owego company buys Pearl Street scrap metal facility". The Daily News. February 7, 2019. Archived from the original on February 7, 2019. Retrieved April 9, 2021.
  14. ^ a b syracuse.com (January 24, 2015). "Scrap king Adam Weitsman buys stake in biggest competitor". syracuse.com. Retrieved February 4, 2019.
  15. ^ "Upstate Shredding – Weitsman Recycling receives Platts Global Metal Award". Recycling Today. Retrieved February 4, 2019.
  16. ^ "Upstate Shredding – Weitsman Recycling receives 'AMM' Scrap Company of the Year award". Recycling Today. Retrieved February 4, 2019.
  17. ^ syracuse.com (May 5, 2018). "Ex-employee ordered to stop making false murder claims against scrap dealer Adam Weitsman". syracuse.com. Retrieved February 4, 2019.
  18. ^ a b NYup.com (February 4, 2012). "Krebs owner plans to reopen landmark Skaneateles restaurant by end of summer". syracuse.com. Retrieved February 20, 2019.
  19. ^ syracuse.com (May 31, 2018). "Construction underway on Adam Weitsman's new Skaneateles restaurant". syracuse.com. Retrieved February 4, 2019.
  20. ^ Joseph, Bob (October 18, 2018). "Adam Weitsman Planning a Sushi Bar for Owego". WNBF News Radio 1290.
  21. ^ "Elephant & The Dove". www.instagram.com. Archived from the original on December 26, 2021. Retrieved September 10, 2021.
  22. ^ david.wilcox@lee.net, David Wilcox. "Elephant and the Dove: Inside the new Mexican restaurant in Skaneateles". Auburn Citizen. Retrieved September 10, 2021.
  23. ^ "New Italian restaurant with zany, 'craveable' dishes coming to East Syracuse". syracuse. July 1, 2021. Retrieved September 10, 2021.
  24. ^ jonathan.monfiletto@lee.net, Jonathan Monfiletto |. "'Part of that pledge': The Krebs in Skaneateles donates $20,000 to four area organizations". Auburn Citizen. Retrieved February 4, 2019.
  25. ^ christopher.malone@lee.net, Christopher Malone |. "Weitsmans pay it forward by donating Krebs restaurant proceeds to 12 local organizations". Auburn Citizen. Retrieved February 4, 2019.
  26. ^ Maddox, Kira (December 5, 2018). "Tim Green fundraising campaign breaks $1.5 million for ALS research". Syracuse New Times. Retrieved March 8, 2021.
  27. ^ "Adam Weitsman donates $10,000 to help Peter Coleman go bald at St. Baldrick's fundraiser". syracuse. March 10, 2020. Retrieved July 8, 2020.
  28. ^ psadvert (December 5, 2018). "Photo: Local businessman donates to Boys & Girls Club on #GivingTuesday". Owego Pennysaver Press. Retrieved March 8, 2021.
  29. ^ "Cuse fan lives up to vow, gives $175K to charity". ESPN.com. January 15, 2019. Retrieved February 4, 2019.
  30. ^ psadvert (February 11, 2019). "Upstate Shredding – Weitsman Recycling continues philanthropic 2019 with donation to the American Cancer Society on behalf of Nucor". Owego Pennysaver Press. Retrieved March 8, 2021.
  31. ^ "Upstate Shredding Owner Adam Weitsman donates funds to support at-risk youth". WIVT – NewsChannel 34. January 4, 2020. Retrieved July 8, 2020.
  32. ^ "For $40K gift, they fly to NBA Finals with Jim Boeheim". syracuse. May 3, 2018. Retrieved March 8, 2021.
  33. ^ "Adam Weitsman donates $100K to charity to celebrate horse's win". syracuse. August 7, 2019. Retrieved July 8, 2020.
  34. ^ "Coronavirus threat: Adam Weitsman offers former Davis College campus as health center". Binghamton Press & Sun-Bulletin. Retrieved July 8, 2020.
  35. ^ "Adam Weitsman Gives Back To CNY In Major Way". WSYR. August 12, 2021. Retrieved September 10, 2021.
  36. ^ "Adam Weitsman starts giving away $1 million to charities for Boeheim's Army's win. Here's how to apply". syracuse. August 10, 2021. Retrieved September 10, 2021.
  37. ^ "Owego "Dog Daze of Summer" fundraiser". WIVT – NewsChannel 34. August 26, 2021. Retrieved September 10, 2021.
  38. ^ "Syracuse mayor announces youth baseball clinic through police athletics league, Syracuse Mets & more". WSYR. September 9, 2021. Retrieved September 10, 2021.
  39. ^ Team, Communications (September 9, 2021). "Mayor Walsh and Syracuse PAL Announce Open Registration for Baseball Clinic as Part of U.S. Conference of Mayor's #PlayBall Initiative". Our City. Retrieved September 10, 2021.
  40. ^ Nast, Condé (November 2013). "Look Inside This Renovated Upstate New York Lakeside Getaway". Architectural Digest. Retrieved February 4, 2019.
  41. ^ "How Adam Weitsman became Syracuse's most visible fan". syracuse. March 13, 2019.
Retrieved from ""