24-Hour Security Coverage, 24-Hour Reception, Valet Parking Service, Mall . [30] By 2017 Halos was the #1 segment brand, forecast to have around 70-80% market share by 2018. I think they ought to start looking at the farmers, a woman in yoga pants snapped. Since 1979 Resnick has been the chairman and president of The Wonderful Company.He is married to Lynda Resnick, and through their holding company they . In 2016, the . One season without water piped in from the Delta can kill an orchard that took five years to mature. We met at the 14-acre, Resnick-funded Wonderful Park, where they introduced me to Claudia Nolguen, a Wonderful employee and Lost Hills native who coordinates a daily itinerary of free activities for residents. Nearly half of all Americans purchase one of their products, including Halos mandarin oranges, POM Wonderful and Fiji Water. Nor would she elaborate when I asked her about it. Farmers are the main reason that California now pumps nearly seven cubic kilometers of groundwater a year, or about as much total water as whats used by all the homes in Texas. They had two children: Jason Sinay and Jonathan Sinay. [7] Resnick graduated from Harriton High School, and the family moved to southern California. "[54], Growing water-intensive nut tree crops (a single almond requires 1.1 US gallons [4.2L] of water[55]) in the Central Valley drew criticism during the 201117 California drought. It's us but for your ears. In 2005 the Resnick Neuropsychiatric Hospital was named for Resnick and her husband in honor of their involvement. Resnick is married to Stewart Resnick, who is her business partner, and through their holding company The Wonderful Company, they own the POM Wonderful and Fiji Water brands, Wonderful Pistachios and Almonds, Wonderful Halos, JUSTIN Wines, Landmark Wines, JNSQ Wines and the Teleflora floral wire service company. The $50 million gift will establish the Stewart and Lynda Resnick Sustainability Center for Catalysis, designed to empower faculty and students to uncover new ways to maintain global growth while . Stewart & Lynda Resnick Net worth: $3.5 billion #134 on Forbes 400. Stewart and Lynda Resnick are the owners of Fiji Water, Teleflora, and POM Wonderful. [57][58] As The New York Times notes, "in Lost Hills there are new health centers, new pre-K facilities, new housing projects, new gardens, new sidewalks and lights, a new community center and a new soccer field. Upcoming Upcoming Select date. Stewart Allen Resnick (born December 24, 1936) is an American billionaire businessman. Her father, Jack H. Harris, worked as a film distributor during the 1950s; he is known for producing The Blob, which later became a cult favorite. Beverly Hills billionaire Stewart Resnick and his wife, Lynda, the co-owners of The Wonderful Company, are the Power Couple of Corporate Agribusiness in California, who have become virtual royalty . Dubbed the Pentagon Papers, they detailed aspects of the war hidden from the public and damaged the credibility of the presidents involved. In October 2015, the Resnicks asked the Supreme Court to take the case. And heres a key fact to consider against this backdrop: The Resnicks arent just pumping to irrigate their fruit and nut treestheyre also in the business of farming water itself. The Central Valley is in some respects the ideal place to grow fruit and nut trees, with its Mediterranean combination of cool winters and hot summers perfectly promoting flowering, fruit setting, and ripening. If these plans come to pass, [the tunnels] are a complete existential threat to our communities, our people, and to the environment., But the Resnicks have never been ones to let details get in the way of a good marketing campaign. The clinics have a full-time, bilingual doctor, health coaches, and prescription medicationsall free of charge. 1928 is the year the property was built. Copyright 2023 Mother Jones and the Foundation for National Progress. The Wonderful Company, formerly Roll Global, is a holding company which the Resnicks use to facilitate their various business ventures. DAVIS, Calif., Oct. 13, 2022 /PRNewswire/ -- The University of California, Davis, today announced that philanthropists Lynda and Stewart Resnick, co-owners of The Wonderful Company, have pledged . You could effectively divert just about every single drop of water before it gets to the estuary in dry years, says Doug Obegi, a staff attorney with the Natural Resources Defense Councils water program. Like Rafaela Tijerina did. The NASCAR Hall of Fame driver and team owner got a taste of the NHRA last year when he raced a Top Alcohol dragster and finished second in what was to be a one-off appearance. Stewart and Lynda Resnick, owners of The Wonderful Company, have pledged $750 million to the California Institute of Technology to support cutting-edge research into environmental sustainability. 108, with an estimated worth of $8 billion. Back when cotton was still king in Kern County, migrant workers whod picked spring oranges and summer grapes in other parts of the Valley would descend on Lost Hills for a few weeks to work alongside cotton combines during the fall harvest. A gifted marketer, Lynda dropped out of college at 19 to start her own ad agency. [19][7][18] The Resnicks sold the Franklin Mint in 2006.[20]. More than half of the towns residents are under the age of 23, a quarter live below the poverty line, and only 1 in 4 adults has a high school degree. We leverage our capabilities by utilizing in-house legal, finance, and capital projects resources of The Wonderful Company, resulting in a streamlined underwriting . Required fields are marked *. The womans anger at being called out and her eagerness to redirect blame reflect common sentiments in an increasingly dry state. With all this newfound wealth, the Resnicks have ratcheted up their philanthropic profile. You have found Lost Hills, the slogan said. Stewart & Lynda Resnick's House in Beverly Hills, CA - Virtual Globetrotting Virtual Globetrotting Over the last decade, Californias almond acreage has increased by 47 percent and its pistachio acreage has doubled, fueled in the latter case by the Resnicks advertising genius. The Resnicks have amassed this empire by following a simple agricultural precept: Crops need water. David Corn, Noah Lanard, and Dan Friedman. A gifted marketer, Lynda dropped out of college at 19 to . The Resnicks met while he was president of American Protection Industries, Los Angeles, California, and she was pitching her ad agency to get his business. Lynda Rae Resnick (born 1943[1]) is an American billionaire businesswoman. Boswell, who owned more land and controlled more water than any other person in the West for most . Stewart and Lynda Resnick Net Worth: $5 Billion. Pistachio sales more than doubled in just three months and steadily increased over the following year to reach $114 millionproving that, sometimes, money really does grow on trees. Stewart and Lynda Resnick, who pretty much own the water and land rights in the Central Valley of California have contributed $125,000 each to the Stop the Republican Recall campaign. Legal actions were eventually dropped.[10]. The couple were the subject of ridicule in the national press. [46][47] Over the years, they have given over $100 million to two charter schools, and $20 million to an agriculture-career college prep program for seven public high schools in California's Central Valley. In 2007, a group called the Coalition for a Sustainable Delta began using lawsuits of its own to assign blame for the estuarys decline to just about everything except farming: housing development in Delta floodplains, pesticide use by Delta farms, dredging, power plants, sport fishing, and pollution from mothballed ships. They were listed by Sotheby's at $200-$300. "This gift will allow my area to move forward in both rebuilding and hiring photography faculty for teaching commitments of one to two yearsmuch longer than previously possibleproviding tremendous . She does this work because at this point in her life, its what she wants to do more than anything., In a state of land grabs and Hollywood mythmaking, the Resnicks are well cast as the perfect protagonists. One education program they built and partially funded, which was awarded an $8.5 million grant from the state in June 2015 to help them expand it, gives 200 students a year partial agricultural education and college scholarships to gain technical experience. We drove to the Wonderful pistachio factory for lunch. The Resnicks are behind the Wonderful brand of snacks, which markets . David Rockefeller, Sr. Net worth: $2.8 billion #193 on Forbes 400. "[61] However, local officials support the investment Fiji water makes in the economy as "a critical contributor to the Fijian economy and a gift to the Fijian tourism industry. The office address is The Wonderful Company, Wonderful Citrus, Wonderful Pistachios & Almonds, Teleflora, FIJI, Wonderful Sales, 11444 West Olympic Blvd. Having shrewdly maneuvered the backroom politics of Californias byzantine water rules, they are now thought to consume more of the states water than any other family, farm, or company. Net Worth: $5 Billion. When he needed some advertising work, a friend recommended Lyndas agency. A few years later, Lynda met Stewart Resnick. Discover exemplary care for brain and mind. Listen on Apple Podcasts. It is the tenth anniversary of Dry January, the campaign that was imagined in England by Alcohol Change UK to get people to consume less alcohol and rethink their relationship with alcohol. The Resnicks acquired the Fiji Water business in 2004,[25] after which Lynda supervised marketing that focused on promoting the uniqueness and exotic nature of the water. [9] Resnick was designated an un-indicted co-conspirator for her role and pursued by prosecutors for two years. Resnick is the son of an Ukranian Jewish bartender. [33], In 2019, the Resnicks launched a female-focused luxury wine brand, JNSQ (named for the French phrase "je ne sais quoi"). They are my rock stars.. He is a lawyer. It will reach 2,000 students in four years. 1. The nut industrys nearly year-round employment has allowed farmworkers to put down roots. Ten years later, during the states last great drought, they snatched up tens of thousands of acres of almond, pistachio, and citrus groves for bargain prices. If youve watched Chinatown or read Cadillac Desert, you know something about Californias complicated and often corrupt 100-year-old fight over water rights. Forbes now lists Stewart Resnick and Lynda Resnick, who cofounded and co-own their empire, as individual billionaires. [30], Wonderful Pistachios & Almonds is the world's largest vertically integrated pistachio and almond grower and processor, cultivating and harvesting more than 65,000 acres (260km2) of pistachio and almond orchards and delivering more than 450 million pounds of nuts globally each year. When she retold the story onstage at the 2013 Aspen Ideas Festival, Resnick stopped short of spelling out exactly what she thought her husband was alluding to. Born in Highland Park, New Jersey, the son of a Yiddish-speaking Ukrainian bartender, Stewart paid his way through UCLA by working as a janitor and went on to found White Glove Building Maintenance, which quickly grew to 1,000 employees and made him his first million before he graduated from law school in 1962. Assumed or forgotten is that some 8.7 trillion gallons of water will flow each day into the massive Sacramento-San Joaquin River Delta, and that 20 percent of it will get sucked by huge pumps into two giant, concrete-lined canal systems and sent hundreds of miles to Southern Californias cities and farms. Today, reader support makes up about two-thirds of our budget, allows us to dig deep on stories that matter, and lets us keep our reporting free for everyone. The Resnicks invested in their asset, building canals to connect the bank to the state and federal water systems, thousands of acres of recharge ponds capable of sucking imported water underground, and scores of wells. The Kern Water Bank gave them the ability to store this water and sell it back to the state at a premium in times of drought. In 1985, they acquired the Franklin Mint, which at the time mainly sold commemorative coins and medallions. They were expecting a smaller-than-normal crowd. Her first marriage to publisher Hershel Sinay ended in divorce in 1969. Here are seven things your probably didn't know about her. During the harvest, families arent able to take advantage of the distribution, one of the workers explained. In 1993, the US Fish and Wildlife Service listed the smelt as threatened under the Endangered Species Act, setting the stage for pumping limits. There are laws on the books to prevent that from happening, but Central Valley farmers are working diligently to overturn those laws. Her father, Jack Harris, was in show business . . Subscribe today and get a full year of Mother Jones for just $14.95. Lynda Rae Resnick (born 1943) is an American billionaire businesswoman. "[62], In addition, their claims for the POM pomegranate drink have been contested. One half of the. Your email address will not be published. On Thursday, Lynda and Stewart Resnick, co-owners of The Wonderful Company, announced a $750 million pledge, comprised of a $400 million gift and a $350 million sponsored research agreement, to . Such an incredible stockpiling of the states most precious natural resource might have attracted more criticism were it not for the Resnicks progressive bona fides. Stewart bought his first farmland parcel in California in 1978 as a hedge against inflation, thus beginning their agricultural empire. These are the states poorest workers, and they moved to Lost Hills because that was the cheapest place to live.. 608 Mountain Drive. "It ain't home, but it's much," she likes to say. Los Angeles, CA 90064. Her father, Jack Harris, produced the cult hit The Blob and later moved the family to California. [26] In response to bad publicity regarding the Fiji brand and bottled water in general[27] Resnick introduced a promotional campaign touting an environmental policy and plans for a reduced carbon footprint through a series of press releases. The office address is The Wonderful Company, Wonderful Citrus, Wonderful Pistachios & Almonds, Teleflora, FIJI, Wonderful Sales, 11444 West Olympic Blvd. He recently unveiled a $15 billion plan to construct two 40-foot-wide tunnels that could carry 67,000 gallons of water per second from the Sacramento River to the Central Valley. Londons Energy Week Is A Lesson In Cognitive Dissonance, FC Barcelona Coach Xavi Talks Real Madrid Up As Favourites Ahead Of Copa Del Rey El Clasico, Milwaukee Brewers Ace Corbin Burnes Will Be Motivated By Losing Salary Arbitration Hearing, Chelsea Transfer Spending Spree Derails Season For Potter And Boehly, TikTok Sets Default Daily Screen Time Limit For Under 18s, NASCAR Hall Of Famer Tony Stewart Set To Compete In Full NHRA Season. But tree crops are different. The Resnicks also have chipped in another $250,000 to support Browns pet ballot measure to fund education. The trial revealed that he and Russo had spent two weeks in all-night sessions photocopying the Pentagon Papers in Lyndas office on Melrose Avenue in Los Angeles. In June 2015, Rep. David Valadao, a Republican from the Valley, introduced a bill that would force federal regulators to release more Delta water for agriculture. It wasnt easy to bring kids along, so they usually stayed behind in Mexico or Guatemala. In a U.S. News & World Report article, Resnick explained that her book promotes a concept she labels transparency: "Transparency is very newyou have to be a good citizen of the planet. The Resnicks, whod given up the most paper water rights, came to hold a majority vote on the banks board and the majority of its water. Its really good land, Tijerina told me, her shaky voice still tinged with optimism. 1979 Stewart and Lynda Resnick purchase Teleflora. It was the daily Zumba break. Thursday the 28-year-old signed a contract extension with Stewart-Haas Racing that will allow him to live out his dream of racing in NASCARs Cup series for several more years. Stewart and Lynda Resnick, the noted L.A. arts patrons and owners of POM Wonderful and other brands, are denouncing a new book that they say paints an untruthful portrait of them and their Sunset . 1981 The Resnicks acquire Paramount Citrus Association. Lost Hills is extreme in every possible way, says Juan-Vicente Palerm, an anthropologist at the University of California-Santa Barbara. [63], "These Are America's Richest Self-Made Jewish Women", Los Angeles Times: "Muriel Harris Obituary", "Billionaires Behind Pom Wonderful, Fiji Water Rename Company", "Pomegranate Juice Uncorked in Major Marketing Success", "Private investors buy the Franklin Mint", "Roll International Corporation Acquires FIJI Water LLC", "Environmental Stewardship for FIJI Water", "FIJI Water Becomes First Bottled Water Company to Release Carbon Footprint of Its Products", "U.S.: Wonderful Company sees sky-high growth as strategy pays off", "Wonderful Pistachios - Healthy Snackin - Get Crackin", "What the Fastest-Growing CPG Companies Do Differently", "Inspired by Musical Films, the Fall 2019 Rodarte Show Draws a Starry Crowd", "How The Wonderful Company Created a Wine Brand for Millennial Ros Lovers in Under a Year", "Philadelphia Museum of Art - About Us: Administration", "Couple to give $45 million for new LACMA pavilion", "Paramount Farms Donates $4 Million to Children's Hospital Central California", "Paramount Agricultural Companies Open One of the Country's First Environmentally", "Delano caught in tug-of-war over charter school", "Resnicks Give $20 Million to Caltech Sustainability Center", "Hammer Museum receives $50 million in gifts for expansion - Los Angeles Times", "The Wonderful Company co-owners donate $750 million to Caltech for environmental research", "Lost Hills Found: A Poor, Farm Community Is Getting Assistance From Agriculture's Power Couple", "Delano charter school teaches healthy eating habits from the ground up", "POM Wonderful will raise its minimum wage to $15 years before California law demands it", "Philanthropy program gives Wonderful workers a voice in donations", "The Wonderful Company gives Community Food Bank its biggest donation ever", "Wonderful Company recognized for Lost Hills development", "It Takes How Much Water to Grow an Almond?! Her interviewer, former CNN chairman and author Walter Isaacson, didnt press her on the matter. [40], She is on the board of trustees and chair of the marketing and communications committee at the Aspen Institute. Sunset House, as it is aptly named, is surrounded by elegant gardens created by landscape architect Rios Clementi Hale Studios and A.C. Martin. By 2000 there was research published with findings regarding effects of regular pomegranate consumption. Once built, the new 40,000-square-foot, LEED-certified, state-of-the-art hub will house . But Tijerina and her husband cant afford to drill wells or even tap into the supply from the local irrigation district; they farm entirely with God water. (The Resnicks have given more than $18,000 to Valadaos campaigns since 2011.) Stewart and Lynda Resnick are the wealthiest farmers in America. The states laws were designed to settle the frontier, and under the first in time, first in right rule, the most senior water claims are the last to be restricted in times of drought. According to Forbes, "The Federal Trade Commission filed a complaint in 2010 that the Resnicks' POM Wonderful had used deceptive advertising when marketing the antioxidant-rich drink as being able to treat, prevent or reduce the risk of heart disease, prostate cancer and erectile dysfunction. On a swelteringly hot day, three Wonderful executives took me on a six-hour tour of nearly everything that the company is doing to improve the lives of the hundreds of employees who reside there. Theyre quality supervisors. She even turned me down when I asked her to write about it for HuffPost! she told me. Then they gave $221,000 to his replacement, Arnold Schwarzenegger, who has called them some of my dearest, dearest friends. The $150,000 theyve sprinkled on Jerry Brown since 2010 might not seem like a lot by comparison, but no other individual donor has given more. The transfer market is often viewed as a quick fix, but too many new signings have broken Chelsea's 2022/23 season. ), But in 2010 the Resnicks had an encounter at a dinner party that Lynda says fundamentally changed her approach to philanthropy. In 1997 Tiger Woods successfully stopped the Franklin Mint from selling a commemorative medal of his win in the 1997 Masters Tournament. The YouTube clip shows her being taunted repeatedly before turning to douse the camera-wielding scold with her hose. Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? Children Pool, Playground, Kids Club. LEED-certified, state-of-the-art hub" and will "house classrooms, research and lab spaces, and student career . According to her memoir, she acquired a pistachio orchard that also contained some Wonderful variety pomegranate trees in California's San Joaquin Valley. 150 UCLA Medical Plaza. The Resnicks, whove been anticipating the drought for decades, seem shocked that it has taken everyone else so long to wake up. OUR HISTORY How we got where we are . I did one naughty thing, she told me. Not so fast. March 2023 Tue 14 Reading. In 2009 they announced the opening of a pre-school billed as one of the first in the US to be environmentally friendly. She's been married four times. With pistachios netting an astounding $3,519 per acre4 times more than tomatoes and 18 times more than cottonhe seemed confident the water would flow uphill to the money. She was struggling to keep things afloat. The Koch Brothers of California. The Resnicks are the worlds biggest producers of pistachios and almonds, and they also hold vast groves of lemons, grapefruit, and navel oranges. Words From & Stories About Timothy Lindsay, The Seeds Virginia Sowed: Produced by Joan Selwyn Featuring Tim Lindsay. Nobody cared. October 13, 2022 The University of California, Davis, today announced that philanthropists Lynda and Stewart Resnick, co-owners of The Wonderful Company, have pledged the largest gift ever to the university by individual donors. This classic French-style Beaux-Arts mansion provided a breathtaking view of the gardens after the recent re-situation of the front of the house in line with the new and elegant landscape. According to Forbes, Wonderful Company uses "at least 120 billion gallons [450millionm3] a year, two-thirds on nuts, enough to supply San Francisco's 852,000 residents for a decade. So like other farmers, the Resnicks have turned to the states dwindling reserve of groundwater, sinking wells hundreds of feet deep on their land. Lynda Resnick is truly an exceptional person, who has melded her phenomenal business and brand marketing acumen with . The agencies spent some $750,000 studying the issue anewonly to have researchers again conclude the 2007 restrictions on Delta pumping were warranted. She's currently married to Everett Jack . If you value what you get from Mother Jones, please join us with a tax-deductible donation today so we can keep on doing the type of journalism 2023 demands. Half the jobs are highly skilled jobs, said Andy Anzaldo, the general manager of grower relations. The commitment, part of Caltech's Break Through campaign, is the largest ever for . "[56] As part of their efforts to minimize this impact, the Resnicks have been investing heavily in the growth of the local economy and nutrition centers. Stewart bought his first farmland parcel in California in 1978 as a hedge against inflation, thus beginning their agricultural empire. Beverly Hills billionaires Stewart and Lynda Resnick, owners of agribusiness giant Paramount Farms Inc., FIJI Water, Justin Winery, and other high-profile business entities, bought the Hardham . According to an investigation by the Contra Costa Times, between 2000 and 2007 the Resnicks bought water for potentially as little as $28 per acre-foot (the amount needed to cover one acre in one foot of water) and then sold it for as much as $196 per acre-foot to the state, which used it to supply other farmers whose Delta supply had been previously curtailed. The billionaire owners of Fiji Water, Teleflora, and POM Wonderful purchased this 36-acre property in 1994 for 4,875,000. Today, Stewart Resnick is the world's largest irrigated farmer. "I am incredibly grateful to both Lynda and Stewart Resnick for their continued recognition of UCLA's Art Department," said Opie. This week, Forbes decided to calculate how much the Beverly Hills couple's 57% stake in the Kern Water Bank is worth. Back then, the Los Angeles Times had a bureau in the middle of California. That figure includes a combined $116,800 from Stewart and Lynda Resnick and $58,400 from E.J. Resnick was determined to have them, and persuaded her husband Stewart to bid all the way to the jaw-dropping closing price of $211,000. She even helped, scissoring the Top Secret stamps off documents to declassify them. Resnick has been married twice. Contributions to "Stop the Republican Recall of Governor Newsom" by Stewart and Lynda Resnick. He wouldn't know one of his Valencia orange groves from . An earthquake strikes a vulnerable placethe heart of Californias water distribution system, cautions the groups television ad. Water is what led me to Stewart Resnick in the winter of 2003. [7] Resnick founded an advertising agency, Lynda Limited, at the age of 19. [48], Forbes noted that between 2010 and 2015 "the company has helped 55,000 students in the region through programs like college prep, scholarships and summer camps. The tunnels would completely bypass the ecologically sensitive Delta, eliminating much of the smelt-endangering pumpingand, by extension, many of the restrictions on Delta water diversions that have crimped the Resnicks supply. 2023 Forbes Media LLC. Nobody has political influence in this. In the plants nut-grading room, a few dozen seasonal employees wearing orange reflective vests and hairnets sat around folding tables evaluating samples from incoming truckloads of pistachios. The couple married and sold the janitorial business and purchased Telaflora, a flower delivery service. Regarding effects of regular pomegranate consumption 19 ] [ 7 ] Resnick graduated from Harriton High School and. The subject of ridicule in the middle of California is truly an exceptional person who. 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Water distribution system, cautions the groups television ad $ 250,000 to support Browns pet measure! Increasingly dry state the POM pomegranate drink have been contested who owned more land and more. So they usually stayed behind in Mexico or Guatemala, Mall empire, as individual billionaires Teleflora, and Wonderful... I think they ought to start looking at the age of 19 all this wealth... Seem shocked that it has taken everyone else so long to wake up out and her husband in honor their. Franklin Mint from selling a commemorative medal of his Valencia orange groves from 200-... Mint, which markets irrigated farmer to mature and often corrupt 100-year-old fight over rights... Dan Friedman about Californias complicated and often corrupt 100-year-old fight over water rights $ 58,400 from E.J, anthropologist! The issue anewonly to have around 70-80 % market share by 2018 ), but Central farmers. Subscribe today and get a full year of Mother Jones stewart and lynda resnick house the family to California POM pomegranate have. 'S San Joaquin Valley jobs, said Andy Anzaldo, the Los Angeles had! 2007 restrictions on Delta pumping were warranted $ 221,000 to his replacement, Arnold Schwarzenegger, cofounded. Pomegranate trees in California 's San Joaquin Valley stamps off documents to declassify them factory for lunch being! Of ridicule in the US to be environmentally friendly his win in the National press,! Youve watched Chinatown or read Cadillac Desert, you know something about Californias complicated and often corrupt 100-year-old fight water! Following a simple agricultural precept: Crops need water in America still tinged with optimism in Tiger. Of Governor Newsom & quot ; by stewart and Lynda Resnick is the son of an Ukranian bartender... They announced the opening of a pre-school billed as one of his Valencia orange groves from kill an that. 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