The In-N-Out empire comes to a new owner and president. Thirty year old Lynsi Torres, now the youngest female billionaire in the world.The In-N-Out franchise was founded in 1984 in Baldwin Park by Torres’ grandparents Harry and Esther Snyder; which started from a single drive-through hamburger stand. Torres came into ownership after a series of deaths in the family as the sole family heir. She now controls half of the company through a trust fund since her 30th birthday and will receive full ownership on her 35th birthday.
“The company has no other owners, according to an Arizona State Corporation Commission filing. . .One private equity executive who invests in the food and restaurant industry said the operation could be valued at more than $2 billion, based on its productivity per unit, profitability and potential for expansion.”