Who says burger can’t earn you millions, or that fast food can’t earn you fast money? Say hello to the 30-year-old woman who’s made her billions off flipping burgers.
Lynsi Torres, the youngest female billionaire in America, is owner and president of the popular In-N-Out Burger chain, a fast food haven with such a cult following that many queue for hours ahead of a new store opening, Bloomberg reports.
Fans of the restaurant, which serves up a tasty double-double cheeseburger and animal fries with special sauce, include fellow billionaire Warren Buffett who allegedly told students of the UCLA Anderson School of Business in 2005 that he’d like to own the franchise.
Torres’ rise to riches can be credited to her grandparents who founded the first In-N-Out as a mom-and-pop drive-through burger stand in 1948 in Baldwin Park. Now, over 60 years later, the chain has become a fast-food empire worth more than $1 billion.
“They have done a fantastic job of building and maintaining a kind of cult following,” said Bob Goldin, executive vice president of Chicago-based food industry research firm Technomic Inc. “Someone would love to buy them.”
Torres became President of the franchise in 2010 but has already reaped the benefits of her booming burger business. According to Yahoo! News, she copped a 7-bedroom, 16-bathroom mansion near the San Gabriel Mountains in September and is a competitor in National Hot Rod Association races, driving either a 1970 Plymouth Barracuda or a 1984 Chevrolet Camaro.
Persistence obviously was her key to making billions. She knew what she wanted to do and stuck to it. You could do the same and maybe we’ll be writing about you too soon.