7 facts about America's youngest female billionaire

Lynsi Torres is the president and owner of In-N-Out Burger, the chain her grandparents started in California.

By Aimee Picchi Feb 5, 2013 2:20PM

File photo of Lynsi Torres on Feb. 24, 2012 (Bob Johnson/Bloomberg via Getty Images)If someone asks you to picture a billionaire, chances are you'll think of a man who's probably over age 50. But according to Bloomberg News, there are a handful of women in the ranks -- and one of them is 30-year old Lynsi Torres, one of the youngest female billionaires on the planet. 


Who is she, and how did she get into the ranks of the likes of Berkshire Hathaway's (BRK.B) Warren Buffett (worth $52 billion) and Mexico's Carlos Slim ($78.3 billion)? 


Here are seven interesting facts about Torres:

She has a day job. Torres is the owner and president of In-N-Out Burger, a chain of restaurants that's built a cult-like following for its dedication to fresh ingredients. In-N-Out has even claimed top chefs such as Gordon Ramsay as fans.

She's the heir to a fortune
. She's the sole family heir to Harry and Esther Snyder, her grandparents, who started the chain as a single drive-through hamburger stand in Baldwin Park, Calif. She inherited control after several family deaths, including her father's death at age 49 from a prescription drug overdose.

She's been married three times. Her first marriage was to her high school sweetheart. She next married Richard Martinez shortly before her grandmother died. In 2011, she next married Val Torres Jr., a race car driver and contractor.

She loves racing cars. Torres, a car race enthusiast, has formed a husband-and-wife team with Val Torres Jr. to compete in drag races. She told National Dragster that she started attending drag races at age 2 and first competed one 12 years ago, driving a 1969 Camaro.

She has a massive mansion. Torres lives in a "resort-like estate" that she bought for $17.4 million last year. She purchased the Bradbury, Calif., house from Adrián Beltré, the former third baseman for the L.A. Dodgers. The house sprawls across 16,600 square feet on 4.16 acres and includes a 2,500 square-foot guest house.

She's publicity-shy. According to Bloomberg, few people in the restaurant industry know her. "I was even surprised there was a granddaughter," said restaurant consultant Janet Lowder. Torres declined to talk to Bloomberg and has refused most interview requests, including one from author Stacy Perman, who wrote a 2009 book about the company.

She didn't graduate from college. Torres doesn't have a college degree and has little formal management training, according to Bloomberg.

255Comments
Feb 5, 2013 7:24PM
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Everyone should read the 2009 book about in-n-out burgers. Lynsi has had a lot of heartache and losing her father and other family members at an early age is heart breaking. Just because she doesn't have a college degree doesn't mean she's just living off her inheritance. She has kept the business running smoothly and has kept the values with which her grand parents started it in 1948 and that says a lot. I wish her nothing but happiness and success in her life. Who knows...maybe she'll have more money than Bill Gates someday.
Feb 5, 2013 7:23PM
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looking for the fourth hubby, look me up

 

Feb 5, 2013 7:22PM
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why do people thank you need a college degree to get ahead in this world I weld and machine I live just fine myself every one want to be doctor or a lawyer  we have to many of those people leave this lady alone her heart brake is bad enough I lost most of my family also and its  sad very sad to do so  I am happy for her  let her live the way she wants    
Feb 5, 2013 7:19PM
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Love In N Out... Great product great fries.... wished they had a few franchises on the East Coast. Miss CA. Good for Ms. Torres I am happy that she has done well. Wish her the best.

 

Feb 5, 2013 7:17PM
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She doesn't have a college degree?  Gosh, think of where she might be if she did -- perhaps the executive secretary to the controller at 65Gs?
Feb 5, 2013 7:16PM
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I,ll be in line when you get divorced again.
Feb 5, 2013 7:11PM
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I grew up in Pasadena and attended many a drag race at Irwindale, Lion's, OCIR, and lived on In-And-Out hambrgers. Anytime I go back home there is always a stop involved at my favorite food stand!
Feb 5, 2013 7:08PM
Feb 5, 2013 7:04PM
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wow, the old 'in & out' as they say in clockwork orange:  no job + no money = dont care...

still waiting on the zombie apokolypse

Feb 5, 2013 7:03PM
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In and Out is the best !!!!!!!!!!!!!!!!! Good stuff.

Feb 5, 2013 7:03PM
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I doubt having a college degree would help you much running a restaurant chain.  She learned the best way by working in the business.   She seems to be doing a good job with the business.  In an Out Burgers are the best and no crappy frozen french fries.
Feb 5, 2013 7:02PM
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is she  single?  if yes, i want to marry her.
Feb 5, 2013 7:01PM
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Hmm another one born with a silver spoon in their mouth.
Feb 5, 2013 7:00PM
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Hey Lensi please call me I have a whopper you might me interested in seeing and taste testing.
Feb 5, 2013 6:58PM
Feb 5, 2013 6:57PM
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Who are we to judge? Personal experience, lost my father at 53 inherited a great amount of money (nothing compared to this of course). When I was younger my dad could have spoiled us but he always told us we had to work hard for what we wanted. He was brought up poor and made it big. Now, I am under 25 and NOT wasting but investing. I am a college graduate but not in business, but i have been learning. 

Moral is: This is an article written by a stranger. We do not know her life. Inheriting money from a parents death is awful. I will rather live dirt poor and have my father back in my life. 
Feb 5, 2013 6:53PM
Feb 5, 2013 6:53PM
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Honestly, Life is simple, we just choose to make it difficult.
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