Billionaire farmers Stewart and Lynda Resnick, whose agricultural empire dominates California’s San Joaquin Valley, are facing mounting criticism for their controversial water practices. As California grapples with devastating wildfires and recurring droughts, questions are intensifying over how the couple acquired and managed a resource many consider public property.
The Resnicks, with a combined net worth of $11.2 billion, own The Wonderful Company, a conglomerate that consumes an estimated 150 billion gallons of water annually to irrigate their vast farmland. While their business achievements have earned them recognition, their control over California’s Kern Water Bank has become a flashpoint in the debate over resource management and corporate ethics.
A Billion-Dollar Agricultural Empire
The Resnicks’ holdings include some of the most iconic and profitable brands in the United States:
- Fiji Water, a global leader in premium bottled water.
- Pom Wonderful, the largest producer of fresh pomegranates and pomegranate juice in the U.S.
- Wonderful Pistachios and Wonderful Almonds, making them the top producers of pistachios and almonds globally.
- Halos, a best-selling mandarin brand.
- Teleflora, the nation’s largest floral delivery service.
In total, their agricultural operations span 175,000 acres, cementing their status as the wealthiest farmers in the United States.
How the Resnicks Gained Control of California’s Water
The Resnicks’ influence over California’s water dates back to the 1980s when they began acquiring farmland and water reserves. By 1994, Stewart Resnick’s advisors had engaged in negotiations that led to the Monterey Plus Agreement, a highly controversial deal.
This agreement transferred the Kern Water Bank, a public water resource funded by taxpayers, into private hands. As a result, the Resnicks gained control of 57% of the Kern Water Bank’s water reserves, which they now sell back to local governments.
Critics argue that this arrangement prioritizes profit over public welfare. The Kern Water Bank, originally intended to provide water security during droughts, has instead become a lucrative revenue stream for The Wonderful Company.
Criticism Amid California’s Wildfire Crisis
California’s ongoing wildfires have reignited criticism of the Resnicks’ water practices. Social media platforms, particularly TikTok, have become a hub for public outcry, with users condemning the couple for profiting from a resource meant to serve communities during emergencies.
The Kern Water Bank holds an estimated 246 billion gallons of water—enough to sustain San Francisco for 16 years. Critics claim that selling this water during a crisis undermines its original purpose, leaving communities vulnerable while enriching private interests.
Adding to the controversy is The Wonderful Company’s branding as a “sustainable” and “healthy” enterprise, which many argue contradicts its environmental impact and water consumption practices.
Philanthropy and Political Influence
Despite the criticism, the Resnicks have cultivated a reputation for philanthropy and political engagement. They have donated millions to various causes, including $50,000 toward foster care reform.
Their political contributions span both major parties, with donations to Democratic figures like Hillary Clinton and Joe Biden as well as Republicans such as John McCain and Arnold Schwarzenegger.
However, these contributions have fueled speculation about their influence on policies that benefit their business interests, particularly those related to water management.
Stewart and Lynda Resnick’s Early Lives
Stewart Resnick, 88, grew up in a middle-class Jewish family in New Jersey. His entrepreneurial journey began with a janitorial business he started while earning his law degree at UCLA.
Lynda Resnick, born in Baltimore, also comes from a Jewish family. She started her career in advertising at just 19, quickly establishing herself as a savvy businesswoman. The couple met in Los Angeles in the 1960s and have been partners in both life and business ever since.
Today, they reside in Beverly Hills, enjoying a life of luxury built on the foundation of their vast agricultural and water enterprises.
A Legacy of Controversy and Success
While the Resnicks’ business accomplishments are undeniable, their legacy is marred by controversies over water rights and environmental sustainability. Critics view their control of the Kern Water Bank as emblematic of the tension between private profit and public welfare.
At the same time, the couple continues to invest in their brands and philanthropy, portraying themselves as stewards of health and sustainability. Whether this image aligns with their practices remains a topic of debate.
Stewart and Lynda Resnick’s story is one of immense wealth, influence, and controversy. As California faces increasing environmental challenges, the couple’s role in managing—and profiting from—its most precious resource will undoubtedly remain under scrutiny.
Their actions highlight broader questions about the balance between private enterprise and public good, making their legacy both compelling and contentious in equal measure.
Jaja has a degree in journalism and took classes in international law and business communication. Her career spans roles at prominent international media outlets, including International Business Times, Celebeat and Delightful Philippines. As a news editor, Jaja covered a wide range of beats, including legal, business, economy, cryptocurrency, personal finance, gaming, technology, and entertainment.