Please ensure Javascript is enabled for purposes of website accessibility
Resnicks' Stake in Kern Water Bank Could Be Worth $1 Billion: Forbes
bill-new-mug-002
By Bill McEwen, News Director
Published 3 years ago on
November 23, 2021

Share

Every year, Forbes compiles a list of the 400 wealthiest Americans. This year, Stewart and Lynda Resnick, who are famous for Pom Wonderful, Fiji Water, and Halos oranges, are ranked No. 108, with an estimated worth of $8 billion.

This week, Forbes decided to calculate how much the Beverly Hills couple’s 57% stake in the Kern Water Bank is worth. With the scarcity of water in the West driving water prices higher, the experts at Forbes say the Resnicks’ water bank holdings could be worth more than $1 billion.

In the latest episode of “Priceless,” Forbes reporters Michela Tindera and Chloe Sorvino are joined by water experts, including SJV Water’s Lois Henry, to talk about how the Resnicks’ acquired their majority interest in the Kern Water Bank and how much it is worth.

Forbes notes that Stewart Resnick bought his first farmland parcel in California in 1978 as a hedge against inflation.

Read more at this link.

 

RELATED TOPICS:

DON'T MISS

Crescent View West High Celebrates New Clovis Home

DON'T MISS

Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog

DON'T MISS

Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies

DON'T MISS

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

DON'T MISS

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

DON'T MISS

The Many Names of GOP Vice Presidential Nominee JD Vance

DON'T MISS

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

DON'T MISS

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

DON'T MISS

Companies Cut Prices to Boost Sales, Consumers Respond

DON'T MISS

Stay Cool, Fresno!

UP NEXT

Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog

UP NEXT

Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies

UP NEXT

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

UP NEXT

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

UP NEXT

The Many Names of GOP Vice Presidential Nominee JD Vance

UP NEXT

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

UP NEXT

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

UP NEXT

Companies Cut Prices to Boost Sales, Consumers Respond

UP NEXT

Stay Cool, Fresno!

UP NEXT

Warner Bros. Discovery Sues NBA for Not Accepting Its Matching Offer

Bill McEwen,
News Director
Bill McEwen is news director and columnist for GV Wire. He joined GV Wire in August 2017 after 37 years at The Fresno Bee. With The Bee, he served as Opinion Editor, City Hall reporter, Metro columnist, sports columnist and sports editor through the years. His work has been frequently honored by the California Newspapers Publishers Association, including authoring first-place editorials in 2015 and 2016. Bill and his wife, Karen, are proud parents of two adult sons, and they have two grandsons. You can contact Bill at 559-492-4031 or at Send an Email

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

4 hours ago

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

5 hours ago

The Many Names of GOP Vice Presidential Nominee JD Vance

5 hours ago

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

5 hours ago

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

6 hours ago

Companies Cut Prices to Boost Sales, Consumers Respond

6 hours ago

Stay Cool, Fresno!

7 hours ago

Warner Bros. Discovery Sues NBA for Not Accepting Its Matching Offer

7 hours ago

Tanker Plane Crash Kills Firefighting Pilot in Oregon as Western Wildfires Spread

7 hours ago

Will Bonta Election Lawsuit Reverse the Will of Fresno County Voters?

7 hours ago

Crescent View West High Celebrates New Clovis Home

The arch of colorful balloons over the doorway of a storefront on Shaw Avenue in Clovis was a clue that something exciting was happening on ...

3 hours ago

3 hours ago

Crescent View West High Celebrates New Clovis Home

4 hours ago

Fresno Man Sentenced to 29 Years for Sexually Assaulting Children and Dog

4 hours ago

Bulldogs’ Two-Position Standout Tommy Hopfe Signs With Rockies

4 hours ago

Artists, Vendors Plan to Defy City’s ArtHop Crackdown

5 hours ago

Former Bulldog QB Jake Haener: I Have a ‘Rare Form of Skin Cancer’

5 hours ago

The Many Names of GOP Vice Presidential Nominee JD Vance

5 hours ago

‘Fed Up’ Dyer, Councilmembers Unveil Plan to Crack Down on Street Campers

6 hours ago

House Republicans Slam Trump’s ‘Worst Choice’ for VP Pick JD Vance

Search

Send this to a friend