|Net Worth:||$3,6 Billion|
|Birthday:||May 05, 1982|
|Age:||40 years old|
|Height:||5.4 feet (164cm)|
|Birthplace:||United States of America|
|Last Updated:||July, 2022|
Lynsi Snyder is a 39 years old American billionaire, businesswoman, entrepreneur, and heiress who has a net worth of $3.6 billion. She is the president and owner of the famous California-based fast food restaurant chain In and Out Burger (famously known as “In-N-Out-Burger”). As the only child of the founders of In and Out Burger – H. Guy and Lynda Snyder – she is the sole beneficiary of the family trusts and the only heir of her parent’s estate and million dollars’ worth restaurant.
Despite being the youngest female billionaire, she had a tragic and difficult social and marital life. Let’s have a deeper look into her life challenges and net worth and see some of the interesting facts about her that you have probably never heard of before.
How Did Lynsi Snyder Become Rich?
Lynsi was born in a millionaire Snyder family; both her parents and grandparents were millionaires in the 1970s. They had found the popular chain restaurant In-N-Out Burger in 1949 and they had a massive fortune and estate. As a matter of luck, she was the only child of her parents and became the only ‘legal receiver and heiress of her parent’s and grandparent’s heritage.’. Her parents left the massive heritage – including the beloved West Cost Chain – in 1997 when they lost their lives in an accidental overdose. This tragedy eventually brought down all the heritage to Snyder as she was the sole legal heiress of her family.
This was a tragic accident for her as she lost her parents when she was only 17. However, initially her brother-in-law Mark Taylor was appointed the Chief Executive Officer of In-N-Out. She got half share of the total Snyder heritage in 2013 at the age of 30. According to Bloomberg Billionaire’s Index, at a time she was featured as the youngest female billionaire.
After the legal procedures of heritage, she succeeded Mark shortly and received total control of the West Coast chain in 2017, when she was 35. Eventually, she became the 6th president and owner of it. To date, she is the owner and president of the In-N-Out Burger and the sole Snyder family survivor and heiress.
What Is Lynsi Snyder Net Worth?
As of the latest reports of July, 2022, Lynsi has a hefty net worth of $3.6 billion. Almost all of her hefty income comes from her sole ownership of In and Out Burger; the rest comes from the massive Snyder heritage. According to the latest updates, the restaurant is operational in eight different states and has an annual revenue of $575 million. As the sole owner of the restaurant chain, she is the only receiver of the total generated revenue of the beloved West Coast chain. The Rich Snyder dynast has left a hefty estate behind and Lynsi – as the sole legal heiress – has all of the heritage. Together with the restaurant chain, it totals $3.6 of her net worth.
How Lynsi Snyder Spends Her Money?
Despite being a popular billionaire, Snyder had a complex marital life. Almost none of her marriages have happened to be successful. Till now, she is three times divorced and has four children. Her parents were also divorced back in 1997, and she had two half-sisters named Teri and Traci. Nonetheless, she is presently married to an ex-In-N-Out employee named Sean Ellingson since 2014 and they have one child.
She lives in a palatial house – a 7-bedroom and 16-bathroom mansion which covers an area of 16,000 square feet – in Bradbury California which she bought for $17 million in 2012.
The billionaire is a selfless humanitarian and a philanthropist. She is an active member of the In-N-Out Burger Foundation which is a non-profit organization that aims at helping underprivileged children and child abuse. She also officially funds the Healing Hearts & Nations (the NHN) – an international non-profit organization that builds training centers to train the local leaders to eradicate mass suppression in India and Africa.
Apart from her entrepreneurial and philanthropic actives, she is a diehard Drag Racing (AKA motor racing) fan, and she herself has participated in it multiple times. As a motor racing fond, she is also an active member of the National Hot Rod Association (NHRA). She loves both watching and competing in it – often seen in her late father’s 41 Willys. “I love muscle cars, and every time I find myself in a motor race I am on the top of the world,” she says in an interview with the NHRA. “It has a deep connection with my dad,” she concludes.
- According to the report of Bloomberg Billionaire’s Index 2013, Snyder was the youngest American female billionaire when she was 30 years old.
- She became the sole owner of In and Out Burger on her 35th birthday. Till then, she only had a partnership share of the chain restaurant.
- With a 96% approval rating, she is one of the most loved CEOs. In 2018, she was the Fourth Highest Rated CEO on Glassdoor.
- Her father H. Guy Snyder was Dutch.
- Her parents died from an accidental overdose in 1997, and her uncle Rich died in a plane crash in 1993.
- Snyder’s present husband is an ex-In-N-Out employee and the older brother of the famous actor, Evan Ellingson.
- Due to staying off-screen, she is been frequently called secluded and media-shy. However, she mentions that she has survived two kidnap attacks and deliberately stays away from the media.