Lynsi Torres In-N-Out Burger Heiress Is America's Youngest Female Billionaire According To Bloomberg

Bloomberg is reporting that Lynsi Torres is the youngest female billionaire. The 30-year-old left the In-N-Out Burger franchise, that was started by her grandparents Harry and Esther Snyder. Torres is now the president and proud owner of the hamburger chain.

There are 280 restaurants in five states and all are worth about $1.1 billion in 2010. The young Torres does not have a college degree or any other certificate in management training. In 2012, the company had $625 million in sales, which grew from 2011 sales of $596 million.

According to the sfgate, Carl van Fleet, the company's vice president of planning and development emailed a statement saying: "In-N-Out Burger is a private company and this valuation of the company is nothing more than speculation based on estimates from people with no knowledge of In-N-Out's financials, which are and always have been private." 

Torres came about this money after many tragedies. The founder of the food chain and Torres' grandfather Harry died in 1976, thereafter, his second son, Rich, became the company's president began setting up and opening more restaurants. Rich expanded from 18 to 93 In-N-Out Burgers chains. After Rich's death from a plane crash in 1993, Torres's father, Harry Guy Snyder became the chief executive and later expanded to 140 restaurants. In 1999, Snyder died of a prescription drug overdose and left the Heiress with the multi-billion dollar business and 27 cars and other vehicles in his will.