Today Bloomberg reveals that the youngest female billionaire in the US is Lynsi Torres, the 30-year-old owner and president of In-N-Out (the bible-citing chain is so successful that even Warren Buffett has said he'd like to own it). Torres is highly mysterious--she wouldn't comment to Bloomberg--but took over In-N-Out last year "after several family deaths." The chain was founded in 1948 by her grandparents, Harry and Esther Snyder; Harry died in 1976 and control went to his second son, Rich. When Rich died in a plane crash in 1993, Torres's father Harry Guy Snyder became CEO. He died of a prescription drug overdose in 1999 and control then went to Esther. Esther died in 2006, leaving Torres the last family member standing. A trust gave her half-ownership when she turned 30 and will give her the whole company when she turns 35. We also know that she "has little formal management training and no college degree," has been married thrice, and has a "passion for drag racing." And that last year she shelled out $17.411 million for baseball player Adrián Beltré's house in rich little Bradbury (it was the nineteenth biggest sale in LA County in 2012).
According to the listing, the house has seven bedrooms, 16 bathrooms, an eight-car garage, a 35-foot entryway with custom-painted ceiling, marble floors, a three-bedroom guesthouse, a cabana with kitchen, a rec room/batting cage, a pool, greens, and north-south tennis and basketball courts on 4.16 acres.
· Youngest American Woman Billionaire Found With In-N-Out [Bloomgberg]
Loading comments...