Claims about who owns California's water are spreading online. Here's what to know.
Erroneous accusations that a wealthy couple, Stewart and Lynda Resnick, have been hoarding water amid the Southern California wildfires have been spreading widely online.
No, most of California’s water isn’t owned by one billionaire couple
The owners of Wonderful Co., behind Fiji Water and other brands, use a lot of water, but it's only a fraction of California’s usage. No one entity owns the water.
No, Billionaire Couple Does Not 'Own Most of California's Water'
Since the beginning of the January 2025 fires around Los Angeles, claims circulated that one billionaire couple owned "most of California's water," with some people implying they were hoarding it from firefighting efforts.
Fresh Take: California’s Water Politics And A Major Misconception
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.
Does a billionaire couple own almost all the water in California? Here’s why that’s False.
The couple’s company has a majority stake in a water bank in the San Joaquin Valley and uses vast amounts of water to manage its nearly 130,000-acre California agriculture operation. But the claim that the Resnicks own nearly all — or even a large portion — of California’s water is a massive exaggeration.
California billionaire couple accused of hoarding water amid LA wildfires. But is it true?
Stewart and Lynda Resnick, an ultra-wealthy couple from California, are being accused of hoarding water when it is needed to fight the wildfires in California. The Resnicks own the Los Angeles-based Wonderful Company — which claims to be one of the largest food producers in the world.
Billionaire Power Couple’s Control of California’s Water Amid Wildfire Crisis
In a secretive 1994 meeting known as the Monterey Amendments, the Resnicks acquired nearly 60% of the Kern Water Bank, a critical water storage facility originally built with hundreds of millions in taxpayer dollars,
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Controversy Follows Stewart and Lynda Resnick, Who Make Money off California’s Water Supply
Stewart and Lynda Resnick's net worth appears to have been built on some sort of water empire. Here's what we know about ...
As The Fires Rage, California’s Governor And A Billionaire Couple Get The Blame
There are misconceptions circulating about who’s at fault for the fires burning tens of thousands of acres across Los Angeles ...
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Who Are the Resnicks, the Art Collectors Accused of Hoarding California’s Water?
As wildfires continue to burn in L.A., art collectors Lynda and Stewart Resnick face criticism for their ownership of a ...
Are the Resnicks ‘hoarding’ water while Los Angeles burns? Why a viral rumor is false
The most likely source of these hoarding rumors is that the Resnicks own the Westside Mutual Water Company. That company has ...
For LA water issues, misinformation spreads nearly as fast as the wildfires
A billionaire couple was accused of withholding water that could help stop Los Angeles’ massive wildfires. Democratic ...
How Women Are Penalized For ‘Masculine Energy.’ Plus: Is The Glass Cliff A Myth?
Welcome to this week’s ForbesWomen newsletter, which every Thursday brings news about the world’s top female entrepreneurs, ...
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The Wonderful Company pledges $10MM to Los Angeles fire relief
The Wonderful Company today announced it is committing $10 million to fire relief efforts in the Los Angeles area.