Lynsi Snyder | |
---|---|
Born |
Lynsi Lavelle Snyder May 5, 1982 Glendora, California, U.S. |
Residence | Bradbury, California |
Occupation | President and owner of In-N-Out Burger |
Net worth | US$1.1 billion |
Spouse(s) |
Jeremiah Seawell (2000–2003; divorced) |
Children | 4 |
Jeremiah Seawell (2000–2003; divorced)
Richard Martinez (2004–2011; divorced)
Val Torres Jr. (2011–2014; divorced)
Lynsi Lavelle Snyder-Ellingson (previously Seawell, then Martinez and then Torres, 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 and the only grandchild of Harry and Esther Snyder, who founded In-N-Out in 1948.
According to the Bloomberg Billionaires Index, Snyder was the second youngest American female billionaire after Elizabeth Holmes of Theranos. On June 1, 2016, however, Lynsi effectively became the youngest billionaire upon Elizabeth Holmes's net worth being revised by Forbes from $4.5 billion to zero. 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 on her 35th birthday, becoming the sole owner.
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. When she was 12, her parents separated and she moved with her mother to the small town 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. Her parents eventually divorced in January 1997. 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. Snyder's uncle Rich died in 1993 in a plane crash, and her father died in 1999 from an accidental drug overdose.
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.