Torres does not have a college degree or muchformal management training, Bloomberg reports. Thanks to In-N-Out's large fan base at its nearly 280 restaurants in five states, the chain is now worth roughly $1.1 billion, according to estimates -- 19,298 times more than the median U.S. household in 2010.
The chain's fans include fellow billionaire Warren Buffett, who, according to a story on the UCLA Anderson School of Business website, told a group of Anderson students in 2005 that he'd like to own the chain.
Torres didn't found In-N-Out; her family did. According to the company's website, Harry Snyder, Lynsi's grandfather, introduced California's first drive-through hamburger stand in 1948 in Baldwin Park. His wife Esther handled the accounting. From the get-go, the chain emphasized its use of only high-quality ingredients. Burgers today are still made one at a time and always to order, according to the company. Lynsi became president in 2010.
