Torres, 30, is the heiress to the West Coast fast-food giant, and as a result is one of the youngest billionaires in the world.
According to the Bloomberg Billionaires Index, the burger matriarch is worth a reported $1.1 billion due to the vast popularity of the chain which claims almost 280 units in five states. While Torres didn’t found In-N-Out, it was her grandparents, Harry and Esther Snyder, who introduced California's first drive-through hamburger stand in 1948 in Baldwin Park. In-N-Out has grown over the year into an empire valued at more than $1 billion.
The privately held company had estimated 2012 sales of about $625 million. Bloomberg bases its $1.1 billion valuation for In-N-Out on the metrics of five publicly-traded peers, including McDonald's and Wendy's.
While many of In-N-Out's competitors have chosen the franchise route as a fast-track to success, In-N-Out opted to stay provate, which helps the company maintain quality control.
The thrice-married Torres has kept a low profile over the years granting limited interview. The young billionaire only came to control In-N-Out after several family deaths. Torres’s grandmother, Esther, maintained control of the company, until her death in 2006. She was 86.
When her grandmother died, Torres was the sole family heir. She now controls the company through a trust that gave her half ownership when she turned 30 last year, and will give her full control when she turns 35. The company has no other owners, according to an Arizona state corporation commission filing.
Despite In-N-Out being her main focus, Torres also enjoys racing, and she competes in National Hot Rod Association races, sometimes driving a 1970 Plymouth Barracuda or a 1984 Chevrolet Camaro, according to association records.
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My name is Carey Vanderborg and I'm a journalist working in New York City. I love food, travel, craft beer, live music and writing about all of the above.