Kern Water Bank
The Kern Water Bank is a public-private partnership which oversees a 32-square-mile water recharge basin in California. It sources water from the Kern River, the State Water Project, and the Central Valley Project. It stores underground up to 1.5 million acre feet of water.
57% of the bank is controlled by Stewart Resnick and Lynda Resnick, the owners of Pom Wonderful and Halos oranges. In 2021, their stake was estimated to be worth over $1 billion.