‘Raising a family is not easy here': Billionaire burger heiress is making a big move
Lynsi Snyder, whose grandparents founded In-N-Out nearly eight decades ago near Los Angeles, told a podcast she is moving with her family to Tennessee.
'There's a lot of great things about California, but raising a family is not easy here. Doing business is not easy here,' Snyder said in a July 18 interview with Allie Beth Stuckey on the Relatable podcast.
'The bulk of our stores are still going to be here in California, but it will be wonderful having an office out there, growing out there and being able to have the family and other people's families out there.'
The move marks a major departure for both In-N-Out and Snyder personally, who grew up largely in Northern California. The burger chain first announced its expansion to Tennessee in 2023 and has started construction on a 9,290 square-metre office building in Franklin, outside of Nashville. It's expected to complete construction next year and will soon open its first restaurants in the state, the company said in September.
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'Opening an office far from our roots is something new and exciting,' Snyder said in a statement, adding that it has no plans to close any of its California locations. Expanding to Tennessee offers employees 'wonderful opportunities to buy a home and raise a family.'
Snyder, who's currently worth $US7.3 billion ($11.1 billion), will be the richest woman in Tennessee when she relocates, according to the Bloomberg Billionaires Index.
The 43-year-old mother of four was the youngest American female billionaire when Bloomberg first valued her fortune in 2013, three years after she was named president of the family-run business following the deaths of her father and uncle. She also inherited her family's love of drag racing and has competed in the National Hot Rod Association's Top Sportsman class.
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