As the Eaton and Palisades fires consume California, social media users have reignited controversy over Lynda and Stewart Resnick, two married Los Angeles collectors who have a significant stake in the state's water.
Stewart and Lynda Resnick's net worth appears to have been built on some sort of water empire. Here's what we know about their wealth.
Forbes' latest edition of its Fresh Take newsletter focuses on a misconception about water politics amid Los Angeles wildfires, Red Dye No. 3's ban and more.
Accusations that one wealthy couple, Stewart and Lynda Resnick, have been hoarding water needed to fight the Southern California wildfires have been spreading widely online. While the Resnicks do ...
Stewart Resnick and his wife, Lynda, are business partners and the wealthiest farmers in the United States. Each has an estimated net worth of £4.5 billion ($5.6 billion), making their combined ...
As wildfires continue to burn in L.A., art collectors Lynda and Stewart Resnick face criticism for their ownership of a nearby water bank.
The most likely source of these hoarding rumors is that the Resnicks own the Westside Mutual Water Company. That company has a 57% stake in the Kern Groundwater Bank Authority, which operates the Kern Water Bank, a vast stretch of land that can hold up to 1 million acre feet of groundwater.
Stewart and Lynda Resnick are the owners of the Wonderful Company, which has sprawling farmlands in the San Joaquin Valley and owns brands like POM and Fiji Water. They have been falsely accused of hoarding water and exacerbating the wildfire crisis currently plaguing the Los Angeles area.
Accusations that one wealthy couple, Stewart and Lynda Resnick, have been hoarding water needed to fight the Southern California wildfires have been spreading widely online. While the Resnicks do own water rights in the state, claims they are hoarding the ...
A billionaire couple was accused of withholding water that could help stop Los Angeles' massive wildfires. Democratic leadership was blamed for fire hydrants running dry and for an empty reservoir. Firefighters were criticized for allegedly using “women's handbags" to fight the fires.
There are misconceptions circulating about who’s at fault for the fires burning tens of thousands of acres across Los Angeles.
A billionaire couple was accused of withholding water that could help stop Los Angeles’ massive wildfires. Democratic leadership was blamed for fire hydrants running dry and for an empty reservoir. Firefighters were criticized for allegedly using “women’s handbags” to fight the fires.