Entertainment
Celebrity Then And Now
Publication: RidiculouslyExtraordinary.
Posted by Ryan Neal
760a631d0dea2ae92cb6e9f7b157b927
Entertainment
Celebrity Then And Now
Publication: RidiculouslyExtraordinary. Posted by Ryan Neal
760a631d0dea2ae92cb6e9f7b157b927
Lynsi Snyder

Famous For:
Heiress of In-N-Out Burger Fortune
Networth:
$3 Billion
Currently Known For:
Current President of Company
Famous Years:
2016-Present
Birthdate:
May 5, 1982
Lynsi Snyder



  Famous For:
Heiress of In-N-Out Burger Fortune

  Networth:
$3 Billion


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When people go to the western states of America, they tend to have one destination in mind. Even in cities like Los Angeles where you can take a stroll down the Hollywood Walk of Fame or the Las Vegas Strip, both have a certain fast food place that tourists just have to visit. That place, of course, is In-N-Out Burger, which hasn’t expanded east of Texas. With fewer than 400 locations, In-N-Out Burger seems a bit “rare,” but usually achieves high marks. The woman that’s now in charge of the company is Lynsi Snyder, who’s much younger than you might think.


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The In-N-Out Burger chain started up in Baldwin Park, California by Harry and Esther Snyder in October of 1948. Since then, the burger chain has remained in the family, with Harry Snyder passing away in 1976 with 18 restaurants opened up in nearly 30 years of being in charge. At the time, control of the company was handed to his son Rich and his brother Guy that grew the company to nearly five more restaurants after taking over. This included out-of-state expansion for the first time, even though Rich was in his 20s for much of the early years of expanding.

Sadly, Rich would pass away in 1993, leaving the business to his brother who remained in charge throughout the 1999s, but also tragically passed away at the end of the decade. After Harry, Rich and Guy had all passed away, matriarch Esther was put in charge early in the 2000s. Guy didn’t have any children that could be the heir to the In-N-Out fortune, but Rich did. The founders’ only grandchild is Lynsi, who was born in Glendora, California on May 5, 1982.

At the time her uncle had passed away, Snyder was too young to take over the company herself. It had always been assumed that Lynsi would eventually take over, though she just needed more time to get the proper training and education needed to run a business that had expanded so much during her lifetime. After Esther passed away in 2006, it was Snyder’s brother-in-law Mark Taylor that had been in charge, after having married into the family through Snyder’s half-sister.

Once she turned 30 years old, Snyder officially became a billionaire when she reached the age necessary to inherit the shares that her father owned in In-N-Out, making her a majority owner of the company. The plan was that on her 35th birthday, Snyder would retain control of the company, doing so in 2017. The road to becoming the president and owner of In-N-Out Burger wasn’t always an easy one, however.

Before being put into her current position, Snyder had already been through three divorces, had four children along the way and overcame addiction, which had been a problem in her family. Snyder said that growing up, she was considered the “black sheep” of the family. Thankfully, she was able to smooth out her personal life and has been on a straight path since her early 20s, which has groomed her to run the company.

In 2013, after receiving a majority of the shares from In-N-Out, Snyder became the youngest female billionaire in the United States. Her net worth at the time would reach just over $1 billion for the first time, and has only grown since then. She’s still officially the youngest female billionaire in America (though could be surpassed by one of the Jenner girls), nearly tripling her net worth to over $3 billion by late 2018. It’s been a complete evolution for Snyder, who’s been featured on the cover of magazines with many wanting to know her story and how In-N-Out operates.

Lynsi herself doesn’t eat much In-N-Out, she got that enough during her teenage years when she was operating the lettuce portion of the burger line. Eventually she moved to a job in the In-N-Out headquarters in her late teens, designing t-shirts and doing other jobs that didn’t pertain much to the corporate or food aspects of In-N-Out. Now, those responsibilities are much different than her “black sheep” days.

As for the future plans that Snyder has for the company, don’t expect much to change. Outside of opening new locations, the In-N-Out formula has been a tried and true one. “It’s not (about) adding new products,” she said with perhaps a jab to other fast food chains such as McDonald’s. “We’re making the same burger, the same fry. We’re really picky and strategic. We’re not going to compromise.” As to whether or not the young Snyder has plans on selling the business to interested buyers. “Unless God sends a lightning bolt down and changes my heart miraculously, I would not ever sell.”

Though not having much experience in the corporate world and having a rough and tumble era in her late teens and early 20s, Snyder has received some high marks as the president of In-N-Out. Currently, employees that work for the company have given her 96 percent in approval ratings, with some reports even listing her at 99 percent positive. In-N-Out has always been a family business, and Snyder knows that her family’s values of treating employees like family continues to follow suit.

“It is very important to me that In-N-Out Burger is a great employer, because I value our associates so much,” she said. “They are the reason for our success, and they deserve to enjoy coming to work, to feel appreciated and to be treated like family, which is what I consider them.”

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