The Huffington Post, reported on February 4, 2013 that the youngest U.S. female billionaire is Lynsi Torres according to the Bloomberg report. Torres is the 30 year old owner of the restaurant chain In-N-Out burger.
The burger chain was originally started in 1948 by her grandparents Harry and Esther Snyder. In-N-Our Burgers currently has 280 stores in five states. Torres became the head of the company in 2010 after several deaths in her family.
Torres received half ownership of the company when she turned 30 years old, and will receive the other half of the company ownership when she turns 35 years old.
The billionaire heiress is currently married to race car driver Val Torres Jr. She was married three times before.
Torres does not have a college degree and has very little business training; however she has manage to transform the original conception of a little drive thru burger place to a chain worth an estimated 1.1 billion dollars.
The concept of how In-N-Out Burgers are prepared hasn’t change since its start in1948. The burgers are so popular that people line up for hours for a new store opening.
The billionaire has many fans who really love her burger chain. Among the fans of this burger place is none other than Warren Buffett.
Even though Torres is one of the youngest billionaires, she is not one for the lime light and stays to herself.
Torres is passionate about something else besides her empire, and it is her love for drag racing. Torres says this love for drag racing comes from her father.
Comments