Youngest American Woman Billionare Found with In-N-Out
While we’re on the subject of mega burger joints, there’s an interesting article published today on Yahoo! about In-N-Out Burger, and its sole heiress, 30 year old Lynsi Torres, who is said to be worth over 1 billion dollars. Nice. Speculatively closer to $2 billion for her privately-held company, who she ultimately inherited from her grandparents, Harry and Esther Snyder, who started the first In-N-Out Burger in Baldwin Park, California in 1948.
Lynsi’s uncle, Rich Snyder (her father’s brother), took over the running the company when her grandfather passed away. However he had an untimely death due to a plane crash, to which the business then went to Lynsi’s father, Harry Guy Snyder, who also died prematurely at age 49 due to a prescription drug overdose. Man, that’s gotta’ bite, having all that wealth, only to die early and not enjoy all the fruits of your family and employees labor.
Apparently In-N-Out heiress Lynsi Torres is an elusive, very low-profile person, refusing public interviews, including by author Stacy Perman, who wrote a 352-page book about In-N-Out. IIRC, Pat said he read that book. I’d like to as well. Sounds like an interesting read, just like the one about Steve Jobs.
Lynsi Torres, In-N-Out heiress and company president (courtesy of Bob Johnson/Bloomberg via Getty Images)
I also remember reading something about the family not wanting to expand to Hawaii, because this is their favorite place to vacation, and they didn’t want to “bring work on vacation with them”. Particularly Maui is said to be their favorite vacation destination. At least, that was the policy when her father and grandparents ran the company. I understand Lynsi, being of the new generation, has a different mindset and was rumored to have mentioned the possibility of expanding here in Hawaii. We’ll just have to wait and see when and if news breaks on that.
Not that Hawaii (or specifically, Oahu) needs anymore burger joints, yet I’m quite confident In-N-Out would do very well here should they decide to enter our market. Typically mainland retail chains (retail speaking, I don’t know about fast food) that open shop here in Hawaii are said to outperform most locations on the mainland. When I was renovating my kitchen, the Home Depot associate helping me design my cabinet layout told me the Home Depot in Iwilei is the NUMBER ONE performing Home Depot in the nation. Wow!
I also heard the Louis Vuitton in Waikiki is (or was at one time) the NUMBER ONE grossing in sales in the WORLD. In the freakin’ WORLD! Crazy! That, thanks to the Japanese tourists of course, as it’s much cheaper to buy boutique products here than it is back in Japan where such products get taxed to out-of-reach prices for most folks. I have a friend from Japan who came here and didn’t even blink about buying a $200 coin purse. A $200 freaking COIN PURSE. Yes, those tiny little baggie thingees with just one zipper, a tiny hand strap and barely enough capacity to hold a dollar in change. Nuts!
As for the palm trees on their drinking cups, the story behing that goes like this: “One of founder Harry Snyder’s favorite movies, It’s a Mad, Mad, Mad, Mad World, features characters racing to find treasure buried under four palm trees planted to resemble the letter W. Because each In-N-Out store is Harry’s treasure, a tradition of planting crossed palm trees in front of most In-N-Out locations begins.” My initial impression of the restaurant is that the company tries to portray a laid-back lifestyle as part of its marketing image, as does their very basic menu reflect that. Of course, they do have a “secret” menu that In-N-Out regulars are well aware of.
If Lynsi does decide to open In-N-Out Burger here in the islands, I’m curious where she’d choose for their debut location. Since the family is said to enjoy visiting Maui, I’m guessing somewhere in Kihei or Kahului as the first location. Following, I’d say somewhere around Ward Center in Honolulu, and/or perhaps in Waikiki of course. At least, that’s where I’d go if I were calling the shots.
And of course, wanting an In-N-Out Burger to come to Hawaii probably also sparks the thought of Trader Joe’s, which would just KILL IT if they opened here. Cha-ching!
I’ve been to two In-N-Out Burger locations, both in ‘Vegas of course, and in those visits, never took notice that they included biblical citations on their food wrappers and drinking cups. Interesting. If I start my own fast food joint, I’ll include Buddhist teachings on my packaging such as “Hendoku Hyaku: Change Poison into Medicine”.
As for their burgers ‘n fries, they’re definitely good, however I wasn’t particular “floored” by it, like, oh, say The Counter or Honolulu Burger Company. It’s just a good ‘ole American Burger and fries that’s done right, where you can certainly taste its freshness, and best of all, priced right. I was certainly impressed with the cleanliness of the restaurant and friendliness of the workers. These guys are definitely following a geared-for-success business model.
That said, I highly recommend you go read that article at the following Yahoo! link. It’s very interesting. I’d love to read the book about the company.
Let’s take an In-N-Out poll! Tee-hee! :-P
The Tasty Island related links:
• Las Vegas ’11 – Part 2
• Kahala Eats: The Counter Custom Built Burgers
• Makiki Eats; Honolulu Burger Co.
• HCC Eats: Cheeseburger Hawaii Lunch Truck
• Islands Fine Burgers and Drinks
• Kaimuki Eats: W&M Bar-B-Q Burgers
• Kiawe Grill’s Kobe Burger
• Aiea Eats: Forty Niner Restaurant
• Kaneohe Eats; Lee’s Drive In
• Teddy’s Bigger Burgers Waikiki
• Wheah’ Stay Da’ Beef?