Lynsi Snyder

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Lynsi Snyder
Born Lynsi Lavelle Snyder
(1982-05-05) May 5, 1982 (age 32)
Glendora, California
Residence Bradbury, California
Occupation President and owner of In-N-Out Burger
Net worth Increase US$1.1 billion[1]
Religion Protestant
Spouse(s) Jeremiah Seawell (2000-2002; divorced)
Richard Martinez (2004-2011; divorced)
Val Torres Jr. (2011-2014; divorced)
Sean Ellingson (2014-present)
Children 3

Lynsi Lavelle Snyder (previously Martinez and then Torres, also known as Lynsi Ellingson; born May 5, 1982) is an American businesswoman, the owner and heiress of the In-N-Out Burger company. She is the only child of Lynda and H. Guy Snyder[2] and the only grandchild of Harry and Esther Snyder, who founded In-N-Out in 1948.

According to the Bloomberg Billionaires Index, Snyder is currently the youngest American female billionaire.[1] As the sole beneficiary of family trusts, she is currently In-N-Out's majority owner and will ultimately receive control of the company's stock in its entirety at age 35, becoming the sole owner.[3]

Early life and career[edit]

Snyder was born in Glendora, California to Lynda Lou (née Perkins) and Harry Guy Snyder. She is of Dutch descent on her father's side.[4] At age 12, she moved with her parents to the small CDP of Shingletown, California, where she lived on a ranch and graduated from Redding Christian School, a private high school in Palo Cedro, California that her parents helped found.[5] Her parents divorced in January 1997, when she was fourteen.[6] She has two older half-sisters (Traci and Teri) through her mother. Traci is married to former In-N-Out President and current COO Mark Taylor.[7]

Beginning on January 1, 2010, Snyder became In-N-Out's 6th President, succeeding her brother-in-law, Mark Taylor, who was appointed the company's Chief Operating Officer. She currently retains the same position that her grandfather Harry (1948–1976), uncle Rich (1976–1993), father Guy (1993–1999), and grandmother Esther (1999–2006) previously retained. She currently does not completely "own" her company but rather is guiding it until she receives her final shares on her 35th birthday. Before Snyder stepped in as President of In-N-Out Burger, she sent out a taped message that was broadcast to all the company associates letting them know about the transition and the future of the company. Also, Esther Snyder's signature was finally removed from associates' checks in 2009 (three years after her death) and replaced with Snyder's.

During 2006, Snyder and In-N-Out were embroiled in a bitter lawsuit with an ex-company executive, Rich Boyd.[8] Boyd was fired for allegedly misusing company funds, but claimed that Snyder, and then Vice-President Mark Taylor, were trying to oust the elderly Esther Snyder from the company. Both denied the claims and the lawsuit was settled out of court in May 2006.[9]

In February 2013, Snyder was ranked a billionaire for the first time by the Bloomberg Billionaires Index, based on an In-N-Out valuation of $1.1 billion.[1] That same year, she ranked #93 on Maxim's annual Hot 100 list.[10]

Philanthropy[edit]

Snyder funds Healing Hearts & Nations (HHN), a non-profit corporation that builds training centers in Africa and India and trains local community leaders for the purpose of providing different forms of counseling to the underprivileged local population.[11] She is also actively involved with the In-N-Out Burger Foundation, which supports abused and neglected children.[12]

Personal life[edit]

In late 1999, when Snyder was seventeen, her father H. Guy Snyder died from an accidental drug overdose.[13] Shortly after, in summer 2000, Snyder wed Jeremiah Seawell, her high school sweetheart. The marriage ended within two years.[14] She then married former In-N-Out employee Richard Martinez in 2004.[15] In November 2006, Snyder gave birth to fraternal twins (one boy, one girl), named Ella Jade and Silas Diego.[15] In 2010, she filed for divorce from Martinez and began dating Val Torres Jr., a contractor and race car driver.[15] On July 15, 2011, Snyder gave birth to Torres's child, a son named Valentino Guy.[5] Her divorce from Martinez was finalized later in 2011. Shortly after, she married Torres in a small ceremony.[4] Snyder filed for divorce from Torres in 2013; the marriage officially ended the following year.[16] In May 2014, Snyder became engaged to another ex-In-N-Out employee, Sean Ellingson. They married on July 5th of that year in Malibu, California. They also held a small ceremony in her hometown of Glendora.[17]

Snyder was to take ownership of her father's share of In-N-Out on her 30th birthday, but inherited the balance of the company that was not already in trust for her when her grandmother Esther died.[18][19][20] Snyder gained control of 50% of the company in 2012 when she turned 30, and will gain full control when she turns 35.[21]

Snyder is media-shy,[22][23] although she recently participated in a profile in the Orange County Register.[24] Like her father, she is an avid drag racing fan and member of the NHRA.[25] She regularly competes in drag racing events.[4] In August 2012, Snyder reportedly purchased a 7-bedroom, 16-bathroom mansion with 16,600 square feet (1,540 m2) of interior space in Bradbury, California from Texas Rangers third baseman Adrián Beltré for a sum in excess of US$17 million.[26] Snyder works out of the Baldwin Park office, home of In-N-Out University and formerly company headquarters.[24]

Kidnapping attempts[edit]

In a January 2014 interview with Orange Coast, Snyder alleged that she has been the target of at least two kidnapping attempts. Following these attempts, Snyder stated that she had deliberately maintained an almost non-existent public profile for the safety of her family. The first purported attempt occurred when she was still a high school student in Shingletown; the second took place several years later in Baldwin Park, near the local In-N-Out distribution center.[27]

References[edit]

  1. ^ a b c Youngest American Woman Billionaire Found With In-N-Out - Bloomberg
  2. ^ "In-N-Out Executive's Death Ruled Accidental". LA Times. January 26, 2000. Retrieved May 3, 2011.
  3. ^ Patrick Kiger, In-N-Out's Burger Queen, Orange Coast, January 27, 2014.
  4. ^ a b c FEATURED FLYER - National Dragster
  5. ^ a b http://www.dailymail.co.uk/news/article-2549070/Private-In-N-Out-heiress-31-controls-familys-billion-dollar-burger-empire-opens-kidnapping-attempts-child-strong-faith-dont-ask-kids-three-ex-husbands.html
  6. ^ La Verne Magazine » In-N-Out from the inside out
  7. ^ In-N-Out: Can perfection survive? - Los Angeles Times
  8. ^ "Rumors swirl around In-N-Out". 2006-09-25. Archived from the original on 2008-01-27. 
  9. ^ "A Sizzling Family Food Fight". 2006-02-27. 
  10. ^ http://www.maxim.com/girls-of-maxim/lynsi-torres-profile
  11. ^ Lynsi Torres, the 30-Year-Old Owner of In-N-Out | Food Rant | Food | KCET
  12. ^ Child Abuse Foundation - In-N-Out Burger
  13. ^ In-N-Out Executive's Death Ruled Accidental - Los Angeles Times
  14. ^ In-N-Out Burger - Stacy Perman - Google Boeken
  15. ^ a b c http://amradaronline.files.wordpress.com/2013/02/martinez-redacted.pdf
  16. ^ Torres Jr. wins title with borrowed car
  17. ^ http://www.williams-sonoma.com/registry/f88tpqtcdj/registry-list.html
  18. ^ "In-N-Out - (Success)ion". 2006-02-22. 
  19. ^ "In-N-Out matriarch Snyder dies at age 86". 2006-08-06. 
  20. ^ "Esther Snyder, matriarch of In-N-Out Burger, dies". 2006-08-06. 
  21. ^ Lubove, Seth (February 7, 2013). "Lynsi Torres, In-N-Out Burger's Elusive Billionaire". Bloomberg BusinessWeek. Retrieved 9 February 2013. 
  22. ^ http://www.ocbj.com/news/2010/aug/01/profiles-ocs-wealthiest-13-24/
  23. ^ Lynsi Torres: Meet America's youngest female billionaire | Mail Online
  24. ^ a b "Drag-racing heiress keeps In-N-Out on course". 2013-02-22. 
  25. ^ :::Drag Racing Online::: Columns - Agent 1320 - 1/21/2010
  26. ^ The Real Estalker: In-N-Out Heiress Buys Adrián Beltré's Behemoth Bradbury (CA) Compound
  27. ^ http://www.orangecoast.com/features/2014/01/27/in-n-outs-burger-queen?src=longreads

Further reading[edit]

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