Thirty year old Lynsi Torres is thought to be America’s youngest woman billionaire since becoming president and owner of the popular West Coast burger chain In-N-Out Burger. After her uncle died in a plane crash, her father died of a drug overdose and her mother’s death in 2006, Lynsi fell next in line to inherit her grandparents’ lucrative business. Torres took over the chain through a trust, receiving half ownership of the company when she turned 30. She will receive the remainder at 35.
The West Coast burger chain has been family-run since the first restaurant opened it’s doors in Baldwin Park in 1948. Torres’ grandparents, Harry and Esther Synder, just wanted a business that could provide for their family. It started with a tiny drive-through restaurant and it’s now estimated to be worth $1,1 billion.
Sixty years later, there are more than 280 stores across five states. Even Warren Buffett has expressed his desire to own the successful chain which he feels has a very good business model.
Lynsi, who is rarely seen in public unless spotted at a drag racing event (what?) just bought a mansion, with an indoor batting cage, in the San Gabriel Valley for $17,4 million.
[Source: UPI]
