Stewart Resnick

$5.39 B

Ranked #753 in World

About Stewart Resnick

Stewart Allen Resnick, a prominent figure in the business world, was born on December 24, 1936, in New Jersey and later moved to California, establishing a significant presence in various industries. After obtaining a BS and JD from UCLA, Resnick embarked on an entrepreneurial journey, founding a janitorial services company during his law school years, which he sold in 1969. His extensive career includes acquiring The Franklin Mint in 1986 and serving as the CEO till its sale in 2006. As the President and chairman of The Wonderful Company since 1979, Resnick oversees brands like POM Wonderful, Fiji Water, and Wonderful Pistachios and Almonds, significantly impacting the food and beverage sector. His companies have pioneered in sectors ranging from pomegranate juice manufacturing with POM Wonderful in 2002 to introducing Wonderful Halos mandarins in 2013, becoming leaders in their respective markets. Additionally, Resnick's commitment to philanthropy is evident through countless donations and involvement with institutions like Caltech and the Los Angeles County Museum of Art, highlighting his multifaceted influence spanning business and philanthropy. Despite his achievements, Resnick has faced criticism for his agricultural practices during California's drought and other environmental concerns.

Born

December 24, 1936 in New Jersey, US

Age

89 years

Source Of Wealth

Agriculture

Industries

Food & Beverage

Citizenship

United States

Residence

Beverly Hills, California

Spouse

Sandra Frazier (divorced), Lynda Rae Harris (1972‏−present)

Children

5: 3 with Frazier, and 2 stepchildren with Harris

Stewart Allen Resnick was born on December 24, 1936, in New Jersey. Raised in a middle-class Jewish family, he moved to California with his family in the 1950s. Resnick graduated with a Bachelor of Science degree from UCLA in 1959 and a Juris Doctor degree from UCLA School of Law. While in law school, he founded his first business, a janitorial services company. In 1969, he sold his first company.

Stewart Resnick: Career Highlights

In 1986, Resnick purchased The Franklin Mint, a subsidiary of Roll International Corporation. He served as CEO and chairman of The Franklin Mint Company until its sale in 2006. Since 1979, he has served as President and chairman of The Wonderful Company. Through his holding company, Resnick owns the POM Wonderful and Fiji Water brands, Wonderful Halos, Wonderful Pistachios and Almonds, JUSTIN Wines, Landmark Wines, JNSQ Wines, Suterra Pest Control, and the Teleflora floral wire service company. He also sat on the board of directors of LeapFrog Enterprises from 2002 to 2005.

Stewart Resnick: Companies

The Franklin Mint

Resnick purchased The Franklin Mint in 1986. Under his leadership, the company's collectibles business expanded through new licensing agreements. In 2006, he sold The Franklin Mint.

POM Wonderful

Founded in 2002, POM Wonderful sells pomegranate juice in a "double-bulb" bottle. The company has planted over 6000 acres of pomegranates in San Joaquin County, California, and manufactures blended juice beverages, bottled tea- and coffee-based beverages, and sells pills and concentrated liquid products marketed as nutritional supplements. In 2017, POM Wonderful acquired the pomegranate distributor Ruby Fresh.

Fiji Water

Resnick acquired the Fiji Water business in 2004. He increased sales of Fiji Water by 300% in four years, making it the largest imported bottled water brand in the US. Sourced from the aquifer on the island of Viti Levu, Fiji Water provides clean water access to rural communities, builds educational facilities and infrastructure, and offers access to health care services through the Fiji Water Foundation.

Wonderful Halos

Launched in 2013, Wonderful Halos mandarins are processed at a $220 million facility in the San Joaquin Valley capable of handling 19 million mandarins daily.

The brand became the #1 segment brand in 2017 and is projected to have around 70-80% market share by 2018. Wonderful Halos accounted for approximately three-quarters of growth in the mandarin category and 12% of total produce sales growth in 2017.

Wonderful Pistachios and Almonds

As the world's largest vertically integrated pistachio and almond grower and processor, Wonderful Pistachios and Almonds cultivates and harvests more than 65,000 acres of pistachio and almond orchards. The company delivers over 450 million pounds of nuts globally each year and is known for its Get Crackin' campaign. It is the US's fastest-growing snack brand and the number 1 tree nut brand in 2018.

JUSTIN Wines

Purchased in 2010, Justin Vineyards and Winery is a 50,000 case-production winery in California's Central Coast region. Founded in 1981, the winery specializes in Bordeaux-style varieties and was named the 2015 American Winery of the Year by Wine Enthusiast Magazine.

Stewart Resnick: Major Achievements

Resnick's major achievements include building The Wonderful Company into a multi-billion dollar enterprise, expanding the collectibles business at The Franklin Mint, growing the sales of Fiji Water, launching and establishing Wonderful Halos as the leading mandarin brand, and making Wonderful Pistachios and Almonds the fastest-growing snack brand in the US.

Stewart Resnick: Awards & Achievements

Resnick has received numerous awards and recognitions for his business acumen and philanthropy. He was named Ernst & Young's Entrepreneur of the Year in 2005, and in 2018, he was inducted into the California Hall of Fame. Resnick also holds honorary doctorates from Bard College, Caltech, and UCLA.

Stewart Resnick: Personal Life & Legacy

Resnick is divorced from his first wife, Sandra Frazier, and has been married to Lynda Rae Harris since 1972. He has three children from his first marriage: Jeff Resnick, Ilene Resnick, and Bill Resnick, and two stepchildren from his marriage to Harris: Jason Sinay and Jonathan Sinay.

Resnick resides in Beverly Hills, California.

Stewart Resnick: Trivia

Resnick has faced criticism for growing water-intensive nut tree crops in the Central Valley during California's ongoing drought, owning a majority stake in the Kern Water Bank, and importing Fiji bottled water from the South Pacific while exporting almonds to Asia and other locations. Claims for the "POM" pomegranate drink have also been contested, and Resnick has been accused of watering orchards with treated fracking wastewater.

Wealth History

Timeline

December 24, 1936

Stewart Allen Resnick is born in New Jersey.

1950s

Stewart Allen Resnick moves to California with his family.

1959

Stewart Allen Resnick graduates with a BS from UCLA.

1969

Stewart Allen Resnick sells his first company, a janitorial services company.

1979

Stewart Allen Resnick becomes President and chairman of The Wonderful Company.

1981

Justin Vineyards and Winery is founded.

1986

Stewart Allen Resnick purchases The Franklin Mint, a subsidiary of Roll International Corporation.

2002

Stewart Allen Resnick founds Pom Wonderful.

2002-2005

Stewart Allen Resnick serves on the board of directors of LeapFrog Enterprises.

2004

Stewart Allen Resnick acquires the Fiji Water business.

2005

Resnick Neuropsychiatric Hospital is named in Stewart Allen Resnick and his wife's honor.

2006

Stewart Allen Resnick sells The Franklin Mint.

2006

Stewart Allen Resnick donates $4 million to Children's Hospital Central California.

2008

Stewart Allen Resnick donates $45 million to the Los Angeles County Museum of Art.

2008

Stewart Allen Resnick donates $10 million in artworks to the Los Angeles County Museum of Art.

2009

Stewart Allen Resnick donates $20 million to Caltech for a "sustainability center".

2010

Stewart Allen Resnick purchases Justin Vineyards and Winery.

2013

Stewart Allen Resnick launches Wonderful Halos mandarins.

2015

Justin Vineyards and Winery is named the 2015 American Winery of the Year by Wine Enthusiast Magazine.

2017

Stewart Allen Resnick acquires the pomegranate distributor Ruby Fresh.

2018

Stewart Allen Resnick donates $30 million to the Hammer Museum in Los Angeles.

2019

Stewart Allen Resnick donates a $750 million endowment to Caltech for climate research.

2022

Stewart Allen Resnick pledges $50 million to the University of California, Davis for sustainability research and the establishment of the Lynda and Stewart Resnick Center for Agricultural Innovation.

Stewart Resnick : FAQs

What is Stewart Resnick's current net worth?

Stewart Resnick's current net worth is $5.39 billion.

What is Stewart Resnick's current global rank among billionaires?

Stewart Resnick holds the 753rd position globally among billionaires.

What is Stewart Resnick's current ranking within the United States?

Stewart Resnick holds the 282nd position in United States.

What was the change in Stewart Resnick's net worth compared to the previous year?

Stewart Resnick's net worth decreased by 0 million dollars compared to the previous year 2025, when his net worth was 5.39 billion dollars.

What are Stewart Resnick's main sources of wealth?

Stewart Resnick's main source of income comes from Agriculture.

In which industry does Stewart Resnick primarily operate?

Stewart Resnick is primarily involved in the Food & Beverage industry.

How old is Stewart Resnick?

Stewart Resnick is 89 years old.

How many children does Stewart Resnick have?

Stewart Resnick has 5 children.

Who is Stewart Allen Resnick and what notable companies does he own?

Stewart Allen Resnick, born on December 24, 1936, in New Jersey, is a prominent businessman who, since 1979, has served as President and chairman of The Wonderful Company. Through his holding company, he owns notable brands such as POM Wonderful, Fiji Water, Wonderful Halos, Wonderful Pistachios and Almonds, JUSTIN Wines, Landmark Wines, JNSQ Wines, Suterra Pest Control, and the Teleflora floral wire service company.

How did Stewart Resnick contribute to the growth of Fiji Water?

Stewart Resnick acquired the Fiji Water business in 2004 and implemented strategies that increased sales of Fiji Water by 300% in four years. Today, Fiji Water is the largest imported bottled water brand in the US, sourcing its product from an aquifer on the island of Viti Levu.

What philanthropic efforts is Stewart Resnick known for?

Stewart Resnick is renowned for his philanthropy, including significant donations such as a $750 million endowment to Caltech for climate research in 2019, a $45 million gift to the Los Angeles County Museum of Art in 2008, and a $50 million pledge to the University of California, Davis for sustainability research and the establishment of the Lynda and Stewart Resnick Center for Agricultural Innovation in 2022.

What was the impact of Wonderful Halos mandarins under Stewart Resnick's leadership?

Under Stewart Resnick's leadership, Wonderful Halos mandarins were launched in 2013, quickly becoming the #1 segment brand by 2017. The brand's significant growth included forecasting a 70-80% market share by 2018 and contributing substantially to the mandarin category and total produce sales growth in 2017.

What controversies have surrounded Stewart Resnick's business practices?

Stewart Resnick has faced criticism for growing water-intensive nut tree crops during California's drought, owning a majority stake in the Kern Water Bank, importing Fiji bottled water while exporting almonds, contested claims for the "POM" pomegranate drink, and watering orchards with treated fracking wastewater.