STAY CONNECTED WITH US

30 Most Aspiring Facts About Stewart Resnick That You Probably Didn't Know

Close

Stewart Resnick, who served as the Chairman and President of The Wonderful Company, co-owns the POM Wonderful, Fiji Water brands, Wonderful Pistachios and Almonds, along with his wife, through their holding company. Here are some really interesting things to know about the American billionaire businessman:

  1.  He, along with his wife announced a $45 million gift to the Los Angeles County Museum of Art for the construction of a new exhibition pavilion, in September 2008.
  2.  He is a Trustee Emeriti of the J. Paul Getty Trust, and also sits on the Board of Advisers at UC Davis, the Lowell Milken Institute for Business Law & Policy at UCLA.
  3.  He is said to be a Senior Trustee in Caltech, and is on the Board of Visitors of the UCLA Anderson School of Management. He is also on the board of trustees of Bard College and Conservation International.
  4.  In the year 2005, the Resnick Neuropsychiatric Hospital was named after him and his wife, for their tremendrous involvement along with contribution to the hospital.
  5.  He and his wife reportedly gave a $30 million gift to the Hammer Museum in Los Angeles in the year 018, in an effort to help with the renovation and expansion project of the museum.
  6.  It was announced at the Caltech's 2009 graduation ceremonies, that the Resnicks had donated $20 million towards a "sustainability center" to be named after themselves.
  7.  He reportedly founded his first business - a janitorial services company, while still in law school. He is said to have sold the company in the year 1969.
  8.  And it was with this money that Resnick reportedly bought The Franklin Mint, a subsidiary of Roll International Corporation, which is known for making model cars, souvenir plates, figurines, and Civil War-inspired chess sets, in the year 1986.
  9.  He served as the President and Chairman of The Wonderful Company, formerly known as Roll Global, since the year 1979. The company owns many businesses in Central California and beyond.
  10.  Following the purchase of The Franklin Mint, he expanded the company’s collectibles business through new licensing agreements, including the Louvre art museum in Paris, the Vatican, board games like Monopoly and Scrabble, classic cars.
  11.  He founded the POM Wonderful in the year 2002. The company's main product is pomegranate juice, sold in a trademark "double-bulb" bottle.
  12.  The company also manufactures blended juice beverages and bottled tea- and coffee-based beverages, along with pills and concentrated liquid products marketed as nutritional supplements.
  13.  In the year 2017, through his company POM Wonderful, he acquired the pomegranate distributor Ruby Fresh.
  14.  Stewart A. Resnick was born on December 24, 1936 in New Jersey in a middle-class Jewish family. In the early 1950s, he along with his family moved to California.
  15.  It is said that his grandfather had actually immigrated from Ukraine to New Jersey, when his father was only three years old.
  16.  He attended the University of California, Los Angeles, where he graduated with a BS in the year 1959. He then earned his JD from the UCLA School of Law.
  17.  He and his wife acquired the Fiji Water business in the year 2004, and within a span of four years, increased the sales of Fiji Water by 300%, making it the largest imported bottled water brand in the US.
  18.  Fiji Water is said to come from the aquifer on the island of Viti Levu, and can be found in luxury hotels, leading restaurants and airports around the world.
  19.  Through the Fiji Water Foundation, the company reportedly provides clean water access to rural communities, builds educational facilities and infrastructure that benefit communities and provides access to health care services.
  20.  The Resnicks launched Wonderful Halos mandarins, with a $220 million facility in the San Joaquin Valley capable of processing 19 million mandarins a day, in the year 2013.
  21.  Within a period of four years, Halos was the #1 segment brand, forecast to have around 70-80% market share by 2018.
  22.  In fact, the Halos is said to have accounted for around three-quarters of growth in the mandarin category, and 12% of total produce sales growth in the year 2017.
  23.  His company Wonderful Pistachios & Almonds is the world’s largest vertically integrated pistachio and almond grower and processor, delivering more than 450 million pounds of nuts globally each year.
  24.  The same company is famous for its Get Crackin’ campaign, and has been US’s fastest-growing snack brand and the number 1 tree nut brand in the year 2018.
  25.  However, Wonderful Pistachios & Almonds is also known to have drawn criticism during California's ongoing drought, due to growing water-intensive nut tree crops in the Central Valley.
  26.  He purchased Justin Vineyards and Winery, a 50,000 case-production winery in California's Central Coast region in the year 2010.
  27.  The said winery, founded in the year 1981, reportedly specializes in Bordeaux style varieties, such as Cabernet Sauvignon, Merlot and Cabernet Franc.
  28.  His winery Justin Vineyards was ranked as the American Winery of the Year by Wine Enthusiast Magazine, in the year 2015.
  29.  From the year 2002 to 2005, Resnick sat on the Board of Directors of LeapFrog Enterprises, an educational entertainment and electronics company.
  30.  He has been married twice. He divorced his first wife Sandra Frazier, and has been married to Lynda Rae Harris since 1973. He has three children - Jeff Resnick, Ilene Resnick, and Bill Resnick with Sandra Frazier, and has two stepchildren - Jason Sinay and Jonathan Sinay, through his marriage with Harris.
  31.  Stewart Resnick Net Worth: $4.7 Billion

© 2019 Booms Beat, All rights reserved. Do not reproduce without permission.

Stewart Resnick net worth, Stewart Resnick facts, Stewart Resnick things to know

Share Connect Tweet 0 Comment Email

SHARE YOUR THOUGHTS

Trending NOW

Real Time Analytics