Erroneous accusations that a wealthy couple, Stewart and Lynda Resnick, have been hoarding water amid the Southern California wildfires have been spreading widely online.
Because of agriculture’s heavy reliance on water, a critical resource in fighting wildfires, the Resnicks became the targets for false claims on social media that they “contro
False or misleading claims have emerged amid general criticism about California’s water management sparked by the fierce Los Angeles fires.
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.
As wildfires continue to burn in L.A., art collectors Lynda and Stewart Resnick face criticism for their ownership of a nearby water bank.
Viral claims being spread online about Resnicks' water control in California are debunked as false and misleading.
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,
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.
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.
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 wealth £9 billion ($11.
From direct donations to auctions and a charity benefit concert—here's how celebrities and billionaire are helping victims of the Los Angeles wildfires.
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