The 30-year-old hamburger chain owner is the youngest female billionaire in the United States
CONFIRMED: 30-year-old Lynsi Torres is the youngest female billionaire in the United States, according to a Bloomberg report.
Torres is the owner and president of the popular hamburger chain, In-N-Out Burger, which was founded in 1948 in Baldwin Park, California by her grandparents Harry and Esther Snyder.
The chain has expanded to nearly 280 locations in five states and the company is now valued at $1.1 billion, according to Bloomberg.
The chain has garnered such a large fan base that, according to Bloomberg, new store openings resemble the frenzy that surrounds new Apple Inc. product releases.
“They have done a fantastic job of building and maintaining a kind of cult following,” Bob Goldin, executive vice president of Chicago-based food industry research firm Technomic Inc., told Bloomberg. “Someone would love to buy them.”
From its start, the chain has emphasized its use of high-quality ingredients and according to an ABC News report, burgers are still made to order and made one at a time.
Torres’ grandfather, Snyder, died in 1976, passing on the company to his son Rich who tragically died in a plane crash at the age of 41, according to a Daily Mail report. Torres became president of the chain in 2010 after her father, Guy Snyder, who took on the business after the deadly plane crash, died of a drug overdose when she was just 17.
Torres remains out of the spotlight and grants few interviews. According to Daily Mail, Torres has been married three times, once to a minister and most recently to a drag-racer.
Other secret billionaires uncovered
According to a Huffington Post report, Bloomberg has uncovered other secret billionaires in the past year. The business and finance-based news website reported in September that 70-year-old Elaine Marshall is the fourth-richest woman in the United States. She has a 15 percent stake in Koch Industries. Bloomberg also reported that Brazil's richest woman is Dirce Navarro de Camargo.
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