America’s Youngest Female Billionaire

in n out burgersTurns out it’s Lynsi Torres. Who is she? She’s the 30-year-old owner of the famous In-N-Out Burger empire.

Torres, who has never appeared on an international wealth ranking and declined to comment for this article, came to control In-N-Out after several family deaths. When her grandfather Harry died in 1976, his second son, Rich, took over as company president and expanded the chain to 93 restaurants from 18.

Torres’s father, Harry Guy Snyder, became chief executive following Rich’s 1993 death in a plane crash at age 41. The chain expanded to 140 locations under Guy, who inherited his father’s passion for drag racing.

When he died of a prescription drug overdose at age 49 in 1999, Snyder’s estate included 27 cars and other vehicles, including a 1965 Ford Cobra and a pair of 1960’s-era Dodge Dart muscle cars, according to his will.

Torres’s grandmother Esther — Harry’s widow — maintained control of the company until her death in 2006 at age 86. When she died, Torres was the sole family heir. She now controls the company through a trust that gave her half ownership when she turned 30 last year, and will give her full control when she turns 35. The company has no other owners, according to an Arizona state corporation commission filing.

Few in the restaurant industry have met or know much about the hamburger heiress.

I’m having a hard time wrapping my head around the notion that the owner of In-N-Out is younger than me. Sigh.

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