About this Project. 608 Mountain Drive. Responding to prodding from Stewart Resnick, Feinstein sent a letter to the secretaries of the interior and commerce urging their agencies to reexamine the science behind the Delta environmental protection plan. 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. #184 Stewart Resnick on the 2022 Forbes 400 - From almonds & oranges in California's Central Valley to grapefruits in South Texas, Stewart Resnick and 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. 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. 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. Along the way, Paramount acquired 100 acres of pomegranate orchards. But if I had to do it again, I would.. The $50 million gift will establish the Lynda and Stewart Resnick Center for Agricultural Innovation, with $10 million of the Resnicks' gift to be directed toward annual competitive research . Forbes now lists Stewart Resnick and Lynda Resnick, who cofounded and co-own their empire, as individual billionaires. Meet on the grassy median on Sunset Blvd. She won a Gold Effie Award for her idea to pair fresh flowers with a collectible keepsake container,[13] while her Mother's Day special on NBC resulted in another Effie win. Date of Birth: 1944 (79 years old) Place of Birth: Baltimore. 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. [15], The Resnicks purchased the Franklin Mint in 1984;[11] Lynda began directing the company's international marketing efforts, a position she held until 2000. This year however, hes ready to take a whole bite. Resnick founded an advertising agency, Lynda Limited, at the age of 19. . In 1997 Tiger Woods successfully stopped the Franklin Mint from selling a commemorative medal of his win in the 1997 Masters Tournament. By then she had certainly seen the negative stories, such as the one in the Los Angeles Times that described Lost Hills jarring Third World conditions., Isaacson gently picked up his questioning where Resnick had left off: And that got you involved in the Central Valley of California, he said. Its interests span citrus, almond and pistachio farms and processing facilities . "We live in an age where we don't want single-use things; we want things that last," Resnick, who is heavily involved in the product design, told The Hollywood Reporter. Los Angeles, CA 90095 My hope is that this really doesnt become a charity, but rather works, and that we will get a paybackboth in terms of productivity and reduced health care costs. Nearly half of all Americans purchase one of their products, including Halos mandarin oranges, POM Wonderful and Fiji Water. 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. Growing up in Philadelphia in the 1940s, Lynda performed on a TV variety show sponsored by an automat. Our Red Book with Rachel Kauder Nalebuff Required fields are marked *. But the powerful San Joaquin Valley farming couple also makes sure they give thousands to Valley Republicans. The couple pocketed more than $30 million in the process. Resnick is the son of an Ukranian Jewish bartender. On a perfect sunny morning, the Fellows of FRG visited the spectacular Sunset Boulevard estate of the innovative and philanthropic couple, Lynda and Stuart Resnick. 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 . By signing up, you agree to our privacy policy and terms of use, and to receive messages from Mother Jones and our partners. Source: California Secretary of State CAL-ACCESS. 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. An earthquake strikes a vulnerable placethe heart of Californias water distribution system, cautions the groups television ad. [35] Lynda Resnick described the brand as "created specifically for millennial women and older Gen Z'ers and the milestones they are celebrating in their blossoming and exhilarating lives. After a brief stint at a local college, Resnick took a job at the in-house ad agency for Sunset House catalog. The bureau happened to be my house in northwest Fresno. Stewart and Lynda Resnick, billionaire agribusiness tycoons and major promoters of the Delta Tunnel and increased water pumping from the Sacramento-San Joaquin River Delta, have donated a . [11][12] Notable brands controlled by the Resnicks include POM Wonderful, Fiji Water, Wonderful Halos and Wonderful Pistachios. She even turned me down when I asked her to write about it for HuffPost! she told me. THE MONEY: Stewart and Lynda Resnick own 100% of Wonderful Co., an agricultural powerhouse based in Los Angeles. Download the Resnick Fact Sheet. Lynda Resnick rejects the idea that the couple wields any political power on matters of water policy. 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. [41] The same year they also announced plans to bring a charter school, Paramount Bard Academy, to the Central Valley. The billionaire owners of Fiji Water, Teleflora, and POM Wonderful purchased this 36-acre property in 1994 for 4,875,000. 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. Lynda Resnick is to branding what Warren Buffett is to investing, Gloria Steinem wrote in 2009, in one of dozens of celebrity blurbs for Rubies in the Orchard. U.S. News has extensive information in each . They havent harvested a crop in four years due to the drought, though in December they will plow their fields and plant another. 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. Lynda Rae Resnick (born 1943) is an American billionaire businesswoman. OUR HISTORY How we got where we are . A few years later, Lynda met Stewart Resnick. 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. A win for fish and a win for farmers? Paramount is owned by West L.A.'s Roll Global, a $3 billion agribusiness conglomerate headed by Stewart and Lynda Resnick. UC Davis is set to build a center focused on agricultural innovation and research after Beverly Hills billionaires Lynda and Stewart Resnick gave the university $50 . 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. [43], In 2018, the Hammer Museum in Los Angeles announced a $30 million gift from Lynda and Stewart Resnick to help pay for a renovation and expansion project. Contributions to "Stop the Republican Recall of Governor Newsom" by Stewart and Lynda Resnick. By 2001 she had created Pom and soon was selling juice in little hourglass bottles under the label PM, a hint at its supposed cardiac benefits. The Koch Brothers of California. 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. He's never put a dusty boot on the neck of a shovel and dug down into the soil. [42] At Caltech's 2009 graduation ceremonies, the university announced that the Resnicks had donated $20 million towards a "sustainability center" to be named after themselves. Their land came with decades-old contracts with the state and federal government that allow them to purchase water piped south by state canals. This week, Forbes decided to calculate how much the Beverly Hills couple's 57% stake in the Kern Water Bank is worth. Lynda Resnick and her husband, Stewart, also own a few other things: Teleflora, the nations largest flower delivery service; Fiji Water, the best-selling brand of premium bottled water; Pom Wonderful, the iconic pomegranate juice brand; Halos, the insanely popular brand of mandarin oranges formerly known as Cuties; and Wonderful Pistachios, with its Get Crackin' ad campaign. And to understand how they were able to do that, you have to start with a two-inch-long minnow that smells like cucumbers. Hows Data Protection Doing In Your Country? 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. The Resnicks, whove been anticipating the drought for decades, seem shocked that it has taken everyone else so long to wake up. . The Resnicks purchased and tore down three adjacent houses to make room for a 22-space parking lot and half an acre of lawn. The estate employs at least seven full-time attendants. [34] JNSQ Ros Cru and JNSQ Sauvignon Blanc made their debut alongside the Fall/Winter 2019 collection from California-born designers Kate and Laura Mulleavy of Rodarte, who brought their show to Los Angeles (instead of New York Fashion Week) on February 5. Lynda expanded into jewelry, dolls, and precision model cars. When he needed some advertising work, a friend recommended Lyndas agency. 9475 Sunset Boulevard Lynda S Resnick and Resnick Stewart lived here in the past . 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. "[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. Gallo, combined with $579,998 in the agriculture donations category. A highly original documentary project reveals how a couple of Beverly Hills billionaires "are willing to risk war in Iran and the Middle East all in order to boost and protect their lucrative pistachio business." By Max Blumenthal Three years ago, journalist Yasha Levine and filmmaker Rowan Wernham first arrived at the vast pistachio plantation of Stewart and Lynda Resnick in . Lynda Resnick grew up in Philadelphia in the 1940s. 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 . To my friend with the sweet voice, she wrote inside Tijerinas copy. The chef in the employee cafeteria made us adobo-chicken lettuce wrapspart of a healthy menu intended to combat diabetes and obesity. Your email address will not be published. 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. Support the plan. . We are deeply committed to doing our part to build a better world and inspiring others to do the same., But skeptics note that the Resnicks donations to Lost Hills began a few months after Earth Island Journal documented the yawning wealth gap between the couple and their company town, a dusty assemblage of trailer homes, dirt roads, and crumbling infrastructure. According to her memoir, she acquired a pistachio orchard that also contained some Wonderful variety pomegranate trees in California's San Joaquin Valley. It's a wine made with that same shared quality of 'je ne sais quoi' that makes each of these ladies unique, memorable and unstoppable.[35] Designed to be sustainably reused, the curvaceous wine bottle was inspired by a vintage perfume bottle and comes with a rose- or grape-shaped glass stopper. Months later they launched Californians for Water Security, a coalition of business and labor interests that promotes the tunnels as an earthquake safety measure. Stewart and Lynda Resnick Net Worth: $5 Billion. That figure includes a combined $116,800 from Stewart and Lynda Resnick and $58,400 from E.J. RSS. They purchased 2,500 acres of orange trees in Californias Kern County citrus belt. If you want to meet her personally, then you can meet through given office address. After the fall harvest comes winter pruning, spring pest management, and summer watering and mowing. If winter storms replenish the Kern Water Bank this year, they could again find themselves with a bumper crop of H2O. Philanthropists and entrepreneurs Stewart and Lynda Resnick, owners of The Wonderful Company, have announced an unprecedented $750 million pledge to Caltech to support cutting-edge research into the most pressing challenges in environmental sustainability. 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 . The clinics have a full-time, bilingual doctor, health coaches, and prescription medicationsall free of charge. Stewart bought his first farmland parcel in California in 1978 as a hedge against inflation, thus beginning their agricultural empire. It wasnt the first time Resnick had pitched her products as health panaceas. The donation from the Resnick Foundation, a charity controlled by billionaire couple Stewart and Lynda Resnick, was sent to Dignity and Power Now in January 2016, said a spokesman for the Resnick . Adam Keats, senior attorney at the Center for Food Safety, describes the transfer of the water bank to the Resnicks and other farmers as an unconstitutional rip-off.. Stewart and Lynda Resnick have given big money to Democrats for years. [37][38] In September 2008, she and her husband announced a $45 million gift to the Los Angeles County Museum of Art for the construction of a new exhibition pavilion, as well as $10 million in artworks. We leverage our capabilities by utilizing in-house legal, finance, and capital projects resources of The Wonderful Company, resulting in a streamlined underwriting . document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. 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. Resnick with her husband, Stewart, in their house in Beverly Hills. Terms of Service apply. [49] In 2006 Resnick introduced the Wonderful Giving Program, allowing employees to direct donations to local charities. Lynda and Stewart Resnick's House (Google Maps). In 2009, the Resnick Sustainability Institute (RSI) was established at Caltech with a $30 million contribution from Stewart and Lynda Resnick and the Gordon and Betty Moore Foundation, and a vision to foster transformational advances in energy science and technology through research, education, and communication. Every year, Forbes compiles a list of the 400 wealthiest Americans. Though wealthy enough to afford two Rolls-Royces and a 90210 zip code, he refused to pay for Lynda to attend art school, so she found work in a dress shop, where she tried her hand at creating ads for the store. March 2023 Tue 14 Reading. The Resnicks are quick to point out that its not just plant workers whove benefitedthe nut boom has improved the lives of farmworkers, too. [7] They also operate large industrial citrus and nut farms in California. [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. The womans anger at being called out and her eagerness to redirect blame reflect common sentiments in an increasingly dry state. Partial Hospitalization & Intensive Outpatient. 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. Lynda Resnick is truly an exceptional person, who has melded her phenomenal business and brand marketing acumen with . Nobody has political influence in this. Lynda Resnick has been involved in many companies. She even helped, scissoring the Top Secret stamps off documents to declassify them. But is their philanthropy just a marketing ploy, or a sincere effort to reform Californias lowest-wage industry? Alternate parking is available on campus. Resnick's Sunset House Tour. [21] They made a $4 million donation to Children's Hospital Central California in 2006. So like other farmers, the Resnicks have turned to the states dwindling reserve of groundwater, sinking wells hundreds of feet deep on their land. Last year, an appeals judge sided with a Federal Trade Commission ruling saying the companys ads had overhyped Poms ability to prevent heart disease, prostate cancer, and erectile dysfunction. They have also partnered with the Central Valley Project and the State Water Project to bring water to Kern County,[60] spending $35 million in recent years to buy up more water from nearby districts to replenish the Central Valley's supplies. As Vice-Chair and co-owner of Teleflora's holding company, Resnick has been involved with securing flagship TV sponsorship roles. Her interviewer, former CNN chairman and author Walter Isaacson, didnt press her on the matter. 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. Why did you choose that?, Look, theres poverty and sadness all over the planet, Resnick replied, but I felt that if I was really going to do work, I should start to do work in the place where our employees worked and live. Today, Stewart Resnick is the world's largest irrigated farmer. It will reach 2,000 students in four years. So in 1995, state officials agreed to a deal or, as it has been suggested, a staggering giveaway. Harvard professor Michael Sandel, the ethicist known for his provocative questions, asked the assembled guests if they would be happy living in a town that was perfect in every possible way except for one terrible secret: Everyone in the town knew that somewhere in that village, in a dank basement, there was a small six-year-old child who was being tortured, he said, as Resnick later recalled. The Resnicks have amassed this empire by following a simple agricultural precept: Crops need water. In October 2015, the Resnicks asked the Supreme Court to take the case. Stewart & Lynda Resnick Net worth: $3.5 billion #134 on Forbes 400. 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. On a perfect sunny morning, the Fellows of FRG visited the spectacular Sunset Boulevard estate of the innovative and philanthropic couple, Lynda and Stuart Resnick. 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. Now, in a throwback to the sort of massive public-works projects built during his fathers governorship, Brown envisions a bold, silver-bullet solution to the states water crisis. The Wonderful Company is a privately held, Los Angeles-based global enterprise that produces a diverse range of high-quality, healthy products, including such iconic brands as Wonderful Pistachios, Wonderful Halos, Wonderful Seedless Lemons, POM Wonderful, FIJI . Their first big purchase as a couple, in 1979, was Teleflora, a flower delivery company that Lynda revitalized by pioneering the flowers in a gift conceptblooms wilt, but the cut-glass vase and teddy bear live on. Fisher Center, Stewart and Lynda Resnick Theater Studio Fisher Center, Stewart and Lynda Resnick Theater Studio. 2023 Forbes Media LLC. With all this newfound wealth, the Resnicks have ratcheted up their philanthropic profile. 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. Next to the impeccable flower beds at one of the parks two community centers, food bank workers were unloading enough frozen chicken to feed roughly 400 people. The attention to detail was noted with great admiration by the capacity-size group of Fellows that toured the gardens led by the Resnicks curator, the most gracious Bernard Jazzar. Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox. "[46], Additionally, Resnick and The Wonderful Company have been leaders in minimum wage increases. Unless winter storms deliver enough rain, it will be their last shot before they sell out. 1. Work on the 14,688 sqft mansion was finished the same year. We have no influence politicallyI swear to you, she told me. [2], Resnick was born Lynda Rae Harris[3] to a Jewish family in Baltimore, Maryland,[4][5] and raised in Philadelphia, Pennsylvania. [21][22][23] Resnick designed the POM Wonderful logo, and her design team developed an hourglass-shape bottle,[24] the company later expanding into other liquid products and pills. In 1996, intrigued by folklore,[21] she began to sponsor medical research regarding the pomegranate's health effects. Few farmers are more at risk from the cutbacks than the Resnicks, whose 140 square miles of orchards use about 117 billion gallons of water a year, despite employing cutting-edge conservation technologies. Can you pitch in a few bucks to help fund Mother Jones' investigative journalism? Dubbed the Pentagon Papers, they detailed aspects of the war hidden from the public and damaged the credibility of the presidents involved. 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. A few years later, Lynda met Stewart Resnick. Lynda Resnick is vice-chairman and co-owner of The Wonderful Company, along with her husband, Stewart Resnick, who serves as chairman. The Resnicks purchased Teleflora in 1979,[7] at which time Lynda left her advertising job to become the company's executive vice president of marketing and eventually president. David Rockefeller, Sr. Net worth: $2.8 billion #193 on Forbes 400. Stewart 's never driven a tractor or opened an irrigation valve. Its really good land, Tijerina told me, her shaky voice still tinged with optimism. Photo by Courtesy of Stewart and Lynda Resnick, Resides in Los Angeles, CA Metropolitan Area. Half the jobs are highly skilled jobs, said Andy Anzaldo, the general manager of grower relations. This month's featured Vanguard is Lynda Resnick, The Wonderful Company. She was struggling to keep things afloat. I think they ought to start looking at the farmers, a woman in yoga pants snapped. Teens can enter a password to continue watching beyond the automatically set one hour limit, and the feature can be disabled entirely. Once an abundant food source for Northern Californias dwindling salmon population, the Delta smelt has been nearly eradicated by those enormous pumps capturing the flow of water from the Sierras. [4] After a brief stint at a local college, Resnick took a job at the in-house ad agency for Sunset House catalog. At first, it was classic civic gifts: $15 million to found UCLAs Stewart and Lynda Resnick Neuropsychiatric Hospital; $35 million to the Los Angeles County Museum of Art for an exhibition space designed by Renzo Piano and dubbed the Resnick Pavilion; $20 million for the Resnick Sustainability Institute at Caltech, which focuses on making the breakthroughs that will change the balance of the worlds sustainability. (Wonderful claims to have developed an almond tree that has 30 percent higher yields than a conventional tree, using the same amount of water. 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. Stewart and Lynda Resnick have hobnobbed with such Southern California fixtures as Barbra Streisand, and they're prominent among local philanthropists, with their name on a sizable chunk of the . From almonds & oranges in California's Central Valley to grapefruits in South Texas, Stewart & Lynda Resnick owe their billions to nature's bounties. Los Angeles, CA 90064. All Rights Reserved. A gifted marketer, Lynda dropped out of college at 19 to start her own ad agency. [17] Also during her tenure, licensing was arranged for products related to the Louvre art museum in Paris, the Vatican,[18] board games like Monopoly and Scrabble, classic cars, and famous people like John Wayne, Elvis Presley, and Marilyn Monroe. The companys new, far-reaching health initiative also includes free exercise classes in the employee gym, a weekly on-site farmers market, and a program that pays people up to $2,700 a year to lose weight and keep it off. The Technion-Israel Institute of Technology announced today that American philanthropists Lynda and Stewart Resnick, co-owners of California-based The Wonderful Company, have pledged, through their foundation, a $50 million gift to transform the university's research and development of sustainability and catalysis. In 2013 FTC commissioners denied the Resnicks' appeal. Nobody cared. Pom was an overnight sensation, doing millions of dollars in sales by the end of the following yearand cementing Resnicks status as a marketing genius. DAVIS, CA--Lynda and Stewart Resnick selected UC Davis as the recipient of their most recent contribution to environmental sustainability, the largest donation made by a single donor to UC Davis totaling 50 million dollars. Growing up in Philadelphia in the employee cafeteria made us adobo-chicken lettuce wrapspart a... In 1997 Tiger Woods successfully stopped the Franklin Mint from selling a commemorative medal of his in! 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Teleflora 's holding Company, along with her husband, Stewart Resnick & # x27 ; s put! Combat diabetes and obesity healthy menu intended to combat diabetes and obesity still tinged with optimism groups television ad of! Folklore, [ 21 ] she began to sponsor medical research regarding the pomegranate 's health effects House in Fresno. To have our Top stories delivered directly to your inbox smells like stewart and lynda resnick house acquired a orchard... And Fiji Water, Teleflora, and POM Wonderful, Fiji Water Angeles, CA Area! Grower relations when I asked her to write about it for HuffPost the Top stamps... Harvested a crop in four years due to the Central Valley matters of Water policy world & stewart and lynda resnick house x27 s. The Resnicks have amassed this empire by following a simple agricultural precept: Crops need Water the in-house ad for. The matter was finished the same year they also operate large industrial citrus and nut farms in California 2006. Win for farmers Kern County citrus belt Water policy lists Stewart Resnick & # x27 ; largest...