30-Year-Old Billionaire Has Burgers to Thank for Her Fortune

by Nate Wooley | February 5, 2013 10:35 am

[1]Lynsi Torres is one of the youngest billionaires in the world, and she owes it to burgers.

Torres is the owner and president of popular In-N-Out Burger. She’s also one of the youngest mega-rich woman in the world, reports Bloomberg[2]. She came to own the chain as the sole family heir following the death of her grandmother in 2006. The news service estimates her wealth at $1.1 billion.

Torres didn’t found the popular chain. Her grandparents, Harry and Esther Snyder did, starting with a single restaurant in Baldwin Park, Calif. in 1948. From that, the chain has grown to have a cult-like following, with stores opening to long lines of devoted diners. Even star investor Warren Buffet once said that he’d like to own the company.

In-N-Out Burger is privately held, so any gauge of Torres’ fortune is an estimate, as the chain doesn’t share its financials.

In response to Bloomberg’s estimate, In-N-Out vice president Carl Van Fleet said, “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.”

More stories about restaurants:

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/02/inandoutburger.jpg
  2. reports Bloomberg: http://www.bloomberg.com/news/2013-02-04/youngest-american-woman-billionaire-found-with-in-n-out.html
  3. McDonald’s to Offer New Fish McBites in Happy Meals: http://investorplace.com/2013/02/mcdonalds-to-offer-new-fish-mcbites-in-happy-meals/
  4. Wendy’s Pulls Back on Breakfast Push: http://investorplace.com/2013/01/wendys-pulls-back-on-breakfast-push/
  5. Burger King Changes Up Its Chicken: http://investorplace.com/2013/01/burger-king-changes-up-its-chicken/

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