Inside The World Of Billionaire-Owned Water | Forbes Priceless Podcast Ep. 3

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

In California’s Central Valley, water prices have risen as high as $2,000 an acre-foot.

As a price comparison, in non-drought times water can sell for as low as $250 per acre-foot. On the highest end, other farmers have sold their future water rights for as high as $5,000 per acre-foot.

Two of the biggest players in the California’s water scene are Stewart and Lynda Resnick.

They’re the billionaire owners of The Wonderful Company, known for their pistachios, mandarin oranges, and POM wonderful pomegranate juice. The Resnicks are also majority owners in the Kern Water Bank, one of California’s largest underground water storage facilities.

A water bank is an area mostly underground where water can be stored reliably until it is needed. From above water banks tend to look like puddles, but underneath they can hold hundreds of thousands of gallons.

For more than three decades Forbes reporters have tracked the fortunes of the richest people on the planet: putting dollar figures to their business empires, their one-of-a-kind art, their private islands and more. Now, in a new series called “Priceless,” we’re taking you behind the scenes to show you how we determine the value of the most unique assets owned by members of The Forbes 400.

Read the full story on Forbes:

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”

Forbes

Forbes

Leave a Reply

Recent Posts

Trump Supporters: Get Your 2020 'Keep America Great' Shirts Now!

Are you a proud supporter of President Donald Trump?

If so, you’ll want to grab your 2020 re-election shirt now and be the first on your block to show your support for Trump 2020!

These shirts are going fast so click here to check for availability in your area!

-> CHECK AVAILABILITY HERE


More Popular Stuff for Trump Supporters!

MUST SEE: Full Color Trump Presidential Coin (limited!)

Hilarious Pro Trump 'You are Fake News' Tee Shirt!

[Exclusive] Get Your HUGE Trump 2020 Yard or House Flag!

<