In-N-Out President Lynsi Torres is America's Youngest Female Billionaire
Thanks to the power of cheap and reliable fast food burgers (and a huge secret menu), the title for America's youngest female billionaire goes to Lynsi Torres, the 30-year-old president and owner of In-N-Out and granddaughter of In-N-Out's founders Harry and Esther Snyder. This week, Bloomberg profiled the the media-shy Torres, who also keeps a low profile in her company: "Few in the restaurant industry have met or know much about the hamburger heiress."
Bloomberg didn't get to interview Torres for their profile, but here's what they found out about her: she is an avid drag racer, is a mother of twins, has been married three times, recently bought a $17.4 million mansion in Bradbury, California, and doesn't have a college degree. When Torres turned 30 she gained half of the ownership in In-N-Out; when she turns 35 she'll gain full ownership.
In-N-Out is valued at $1.1 billion, although In-N-Out's vice president of planning and development, Carl Van Fleet, told Bloomberg "In-N-Out Burger is a private company and this valuation of the company is nothing more than speculation based on estimates from people with no knowledge of In-N-Out's financials, which are and always have been private."
'Lynsi Torres' Rise to Billionaire Burger Queen'