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.” SOURCE
Posted: at 8-02-2013 12:01 PM (11 years ago) | Upcoming
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