Two and a half years ago, Lynsi Snyder, granddaughter of In-N-Out founders Harry and Esther Snyder, inherited the family burger business on her 35th birthday. At that time, she was immediately a billionaire with a net worth of $1.26 billion. Since then, the company has flourished, with Lynsi's leadership guiding the chain to open more than 80 new locations. Today, she stands as the youngest female billionaire on the list of the 400 richest Americans at the age of 37, boasting a fortune of $3.6 billion.
Lynsi’s family has a rich history in the fast-food industry. Her grandparents established the first In-N-Out in Los Angeles in 1948. Following her grandfather’s passing in 1976, her uncle Rich Snyder took the reins until his untimely death in a plane crash in 1993. With the family legacy hanging in the balance, Lynsi’s father, Guy Snyder, took over, but his struggles with addiction led to tragic outcomes. After his death in 1999, Lynsi, at just 17 years old, became the sole biological heir and later assumed the presidency of In-N-Out in 2010 at the young age of 28.
Sean Ellingson and Lynsi Snyder Ellingson (Photo by Rich Polki/Getty Images)
Lynsi Snyder is known for her privacy and reluctance to engage with the media. A significant reason for her demeanor stems from two kidnapping attempts during her youth. The first incident occurred while she was in high school, followed by another when she was 24 and managing an In-N-Out location. Despite her preference for a low profile, she is vocal about her faith as a devout Evangelical Christian, attributing her ability to cope with family tragedies and failed marriages to her spiritual beliefs.
| Personal Details | Information |
|---|---|
| Name | Lynsi Snyder Ellingson |
| Birth Date | May 5, 1982 |
| Net Worth | $3.6 billion |
| Company | In-N-Out Burger |
| Position | President and Owner |
| Marriages | Four times |
Lynsi's personal life has seen its ups and downs, including four marriages. Her first union was with her high school sweetheart, Jeremiah Seawell, in 2000, which ended in divorce three years later. She then married Richard Martinez, a former In-N-Out employee, with whom she had twin boys, but their marriage dissolved in 2011. In 2011, she wed race car driver Val Torres, with whom she shares a son, yet they too parted ways in 2014. Currently, Lynsi is happily married to Sean Ellingson, another former In-N-Out employee, and together they have a son.
Taking the helm as President of In-N-Out on January 1, 2010, Lynsi has successfully navigated the challenges of leadership. She controls 50% of the company and gained full control by the age of 35 in 2017. Her tenure has seen the company expand from four states to seven, and she has received significant recognition, including a ranking as one of Glassdoor's top CEOs with an impressive 99% approval rating from employees.
As of now, In-N-Out operates 347 locations across the West and Southwest, and Lynsi remains committed to preserving the family-owned, privately held nature of the business. Her journey is a testament to resilience, dedication, and the enduring legacy of her family's brand.
