Lynsi Snyder, heiress to billionaire In-N-Out Burger, said she started working at the cult West Coast burger chain when she was a teenager because she wanted to be respected.
“I think there’s a stigma that can come with being, you know, the owner’s child, and just wanting to be respected, like everyone else, and doing it the right way and not get special treatment,” Snyder told NBC’s Today show about her. application to work at one of the chain’s restaurants in Redding, California.
Snyder began working at In-N-Out as an associate in 1999, the year she turned 17.
Her roles included serving customers and preparing food, she wrote in her book “The Ins-N-Outs of In-N-Out Burger.” By the time she was 24, Snyder was working as a manager at the chain, she told Orange Coast Magazine.
Snyder became president of the privately held family business in 2010, at the age of 27, and took full control of the company in 2017. Snyder thus became one of the the youngest female billionaires in the country.
Forbes estimates his net worth at $6.7 billion as of April 2024.
Some of the world’s largest companies remain controlled by their founders’ families, leading to recent talk of “nepo babies.”
Bernard Arnault, for example, entrusted his children with important roles within his luxury conglomerate LVMH. Her eldest, Delphine Arnault, is the CEO of Dior.
But some business leaders have made it clear that their children will not automatically inherit their parents’ empire and success.
Mark Smucker, CEO of JM Smucker, recently told Fortune that he has to earn his role and that family members wanting to work at the food company must have experience working at another company “no matter what.” “.
Lynsi Snyder became leader of the company following a series of deaths in the family
Lynsi Snyder’s grandparents, Harry and Esther Snyder, opened the first In-n-Out restaurant as a hamburger stand in Baldwin Park, Los Angeles County, in 1948. The drive-thru system with The restaurant’s two-way speakers were considered pioneering at the time. .
“My grandparents, you know, came from very humble beginnings,” Lynsi Snyder told Today.
After Harry Snyder’s death in 1976, his son – and Lynsi Snyder’s uncle – Rich Snyder took over the company until his death in a plane crash alongside another In-N executive -Out in 1993.
Guy Snyder, father of Lynsi Snyder, then took charge until his death from a prescription drug overdose in 1999. His death left Lynsi Snyder, then 17, the only direct relative left.
Esther Snyder died in 2006.
Business Insider previously reported that Lynsi Snyder’s rapid rise to the top was largely due to a series of deaths and internal legal drama at the company.
Since becoming president of In-N-Out in 2010, she has taken the chain into new states but has changed almost nothing about the brand and its menu.
In-N-Out now has just over 400 restaurants in eight states: California, Nevada, Arizona, Utah, Texas, Oregon, Colorado and Idaho.
It announced plans to expand to Washington state, New Mexico and Tennessee.
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