
REVEALED: Why fast-food heiress who survived two abductions sold her mansion at a loss
Lynsi Snyder, CEO and president of the burger chain, first listed the seven bedroom, 16 bathroom mansion — a gated, ultra-private 4-acre estate with a golf course, home theater, and its own vineyard — for $16.3 million in March 2021.
She purchased it for $17.4 million in 2012 from former LA dodgers player Adrián Beltré.
There's a reason Snyder took a $900,000 hit.
Snyder revealed that she is relocating her family from California to Tennessee, since the popular burger chain has started an eastern expansion.
'There's a lot of great things about California, but raising a family is not easy here,' Snyder shared on Allie Beth Stuckey's 'Relatable' podcast.
'Doing business is not easy here. We're building an office in Franklin, so I'm actually moving out there.'
Snyder, who has served as the company's president since 2010, revealed there will be a new office in Franklin, Tenn., located just south of Nashville.
'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,' she said.
The company is planning to open its first Tennessee restaurants by 2026.
Snyder hinted that In-N-Out could expand into other places on the East coast.
As for the house she sold, it's spectacular.
The main residence has 11 bedrooms and 14 bathrooms, spread over multiple wings.
A grand circular driveway sits outside the front door and a massive portico sits at the entrance.
A dual staircase sits in the foyer with a massive chandelier hanging from the ceiling.
There's a chef's kitchen with double islands, high-end appliances, and walk-in pantries.
There's also a temperature-controlled wine cellar and tasting room.
The home also has a theater, a game room with a wet bar, a fully equipped fitness studio, and a built-in hair salon in the primary suite.
A separate 3-bedroom, 2-bathroom guest house with its own garage is ideal for visitors.
Snyder, current CEO and president of the burger chain, had also built a 3,400 square-foot recreation building with another gym and a batting cage.
Outside sits an infinity pool with a cabana, an outdoor kitchen, multiple dining areas, a firepit, a two-hole golf course, sand traps, a putting green, tennis and basketball courts, and a vineyard with fruit trees.
The home provides so many amenities, it's like you never have to leave – and Snyder rarely did.
She's been called one of the most private billionaires in the US and withdrew from public life early after she survived two kidnapping attempts as a child from criminals trying to extort her family for millions.
The reclusive heiress is the only child of Lynda and H. Guy Snyder and the only grandchild of Harry and Esther Snyder, who founded In-N-Out in 1948.
A massive soaking tub sits in the bathroom off the primary bedroom
Snyder, who has been married 4 times and has 4 children, had purposefully remained hidden for years until 2013, when she was ranked a billionaire for the first time by the Bloomberg Billionaires Index.
In 2014, Snyder talked about the kidnapping attempts, telling Orange Coast magazine that the first attempt took place when she was only 17-years-old and still in high school — just months before her father died from an accidental drug overdose.
The second took place when she started working in the family business full time at age 24 — the same year that her grandmother Esther died after taking over the company following her son's death.
Snyder, 43, escaped the second kidnapping attempt by running across an expressway near the In-N-Out headquarters in Baldwin Park, California.
She said that she was able to sense something off about the men because 'they had a van with boarded-up windows.'
Her rise to CEO of In-N-Out began when she was a teenager.
Snyder grew up in Northern California where her father had a ranch.
She she was hired at a new In-N-Out spot in Redding, CA, where she washed lettuce and sliced onions after school and on weekends. Only the store manager knew of her family ties.
The home has a game room with a wet bar and a pool table for guests to enjoy
The massive primary suite in the main residence was used by Snyder
When Snyder was 11 years old, her uncle Rich Snyder was on board a private jet in 1993 when it crashed near Los Angeles. After he died, the company was then handed to Snyder's father, who died of a drug overdose six years later.
Her grandmother was then given control of the company until she died in 2006, at which point Snyder was 27 and called to take over.
Her first husband was Jeremiah Seawell, her high school sweetheart, and they married when she was only 18.
The marriage only lasted two years, but by the time she was 25 she remarried Richard Martinez, a man who was working at In-N-Out at the time.
They had twins before their marriage ended in 2011 and she went on to marry race driver Val Torres Jr a few months later that same year and had another baby.
In 2014, Snyder married Sean Ellingson (July 7, 2014 – present): In May 2014, Snyder became engaged to Sean Ellingson and she gave birth to their son, her fourth child, later that same year.
Snyder is deeply involved with a Christian charity called Healing Hearts and Nations and still works with the group.
Her kids attend private Christian schools, but she keeps their lives private out of fear that they too could become targets of kidnapping plots.
An ariel view of the California estate Snyder just sold at a nearly $1 million loss
Snyder, whose current net worth according to Fortune is $7.3 billion, did give a rare interview in April, describing how she leads the fast food chain.
'I'm a pretty tough person,' she told the 'How Leaders Lead' podcast.
'Now not going to say that I don't get surprised at times … there's been a fair share of betrayal and stuff like that, but I'm not going to let the few people that screw me over change the positive and connected close relationships I could have with all the good ones.
'Because there are some that will take advantage or hurt me, I'm not going to make everyone else miss out on what we could have.'
She's been told by colleagues who worked with her family members that her leadership style is a lot like her father and uncle.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Reuters
6 hours ago
- Reuters
Edwards Lifesciences raises annual sales forecast on strong demand for heart devices
July 24 (Reuters) - Edwards Lifesciences (EW.N), opens new tab raised its 2025 sales forecast on Thursday, citing strong demand for its artificial heart valves and other medical devices, after posting better-than-expected results for the second quarter. Shares of the California-based company rose about 8% in extended trading. Investor confidence in medical device makers has climbed in recent quarters, underpinned by robust demand for surgical procedures, particularly among older adults. Edwards now expects full-year sales in the range of $5.9 billion to $6.1 billion, having raised the lower end of its previous forecast from $5.7 billion while maintaining the upper end. Earlier on Thursday, larger rival Boston Scientific (BSX.N), opens new tab also raised its annual profit forecast, buoyed by strong demand for its heart devices. Sales of Edwards' flagship transcatheter aortic valve replacement (TAVR) devices, used in minimally invasive heart surgeries, jumped 8.9% to $1.13 billion in the quarter ended June 30, topping analysts' average estimate of $1.09 billion, according to data compiled by LSEG. On an adjusted basis, Edwards earned 67 cents per share in the second quarter, beating Wall Street's estimate of 62 cents per share. It reported revenue of $1.53 billion, surpassing market expectation of $1.49 billion. The company said it now expects its 2025 adjusted earnings to come in at the high end of its earlier forecast range of $2.40 to $2.50 per share. Edwards said its forecast factors in current tariffs and warned that any changes or new tariffs could significantly impact future results.


Reuters
7 hours ago
- Reuters
Intel says it is laying off 15% of workers as chipmaker grapples with manufacturing challenges
July 24 (Reuters) - Intel said on Thursday it is laying off 15% of its workforce and new CEO Lip Bu Tan presented a blueprint for a more cost-disciplined, streamlined chipmaker that would issue "no more blank checks." The plans are part of the effort by Tan, who took the helm in March, to turn around the storied U.S. chipmaker. Intel has divested businesses, laid off employees and redirected resources to focus on projects in which Tan believes customers are interested. The company has underperformed due to years of strategic missteps. Intel has virtually no foothold in the booming AI chip industry that is dominated by Nvidia (NVDA.O), opens new tab and its longtime rival AMD (AMD.O), opens new tab has been gaining share in Intel's mainstay personal computer and server semiconductor markets. As part of the cuts, Intel attempted to take a 'surgical' approach and remove layers of middle management, finance chief David Zinsner told Reuters on Thursday. 'We took out about 50% of the layers of the company,' Zinsner said. The company is cutting its workforce by 15% from 96,400 that it reported at the end of June, and plans to further reduce the company's headcount to 75,000 by the end of the year. The remainder of the cuts to bring the headcount to 75,000 will be through attrition and "other means," according to the company. In a memo to employees, Tan said Intel is changing its strategy for building manufacturing capacity and now plans to build factories only when the demand for its chips is there. Previously, the company had built factories ahead of demand. Intel is now working to bring its so-called 18A manufacturing process, which has few external customers, to high volume. In the memo, Tan said the company plans to take a disciplined approach to investments in the next-generation 14A manufacturing process. Intel shares were down 0.4% in choppy after-hours trading on Thursday. In its securities filings, Intel said that if it fails to find a significant external customer for 14A, it may be forced to exit the chip manufacturing business. The company said it is retaining the option to make all products that need performance beyond its 18A generation at external foundries. Prior to Tan's tenure, Intel had committed to tens of billions of dollars of new factory construction in the U.S. and elsewhere. On Thursday, Tan wrote the company now plans to slow construction work on new factories in Ohio and halt planned factories in Poland and Germany. Tan also said the company would consolidate chip packaging operations in Costa Rica with its other packaging operations in Vietnam and Malaysia, breaking with a longtime Intel practice of maintaining operations in separate global regions for supply-chain resiliency. The Santa Clara, California-based chipmaker disclosed the layoff goals as it forecast steeper third-quarter losses than Wall Street estimates on Thursday, despite anticipating higher sales than analysts expected. The company said it expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG. Intel expects revenue of $12.6 billion to $13.6 billion for the September quarter, with a midpoint of $13.1 billion that was higher than analysts' average estimate of $12.65 billion, according to data compiled by LSEG. Growth in the PC market is uncertain after customers pulled shipments forward to the first half of the year amid ongoing trade negotiations, analysts have said. Shipments of PCs rose 6.5% in the June quarter according to data from International Data Corporation. While semiconductors are currently exempt from U.S. President Donald Trump's sweeping global tariffs, Intel and its fellow chipmakers are facing customers who are reluctant about spending commitments amid widespread macroeconomic uncertainty. Intel's second-quarter revenue for the period ended June 28 was flat at $12.9 billion, snapping a four-quarter streak of sales declines. The result beat estimates of $11.92 billion, according to LSEG data. In April, Intel agreed to sell a 51% stake in its Altera programmable chip business for $4.46 billion. Intel said job cuts contributed to restructuring costs of $1.9 billion in the second quarter. It recorded June quarter adjusted losses of 10 cents per share, compared with estimates of a profit of 1 cent per share. Its unadjusted loss was 67 cents per share in the second quarter, steeper than analyst estimates of a 26-cent-per-share loss.


Reuters
8 hours ago
- Reuters
Intel to slash workforce by year-end as it forecasts steeper losses than expected
July 24 (Reuters) - Intel (INTC.O), opens new tab said on Thursday it plans to slash its headcount to 75,000 by the end of this year, down from 99,500 at the end of 2024. Shares of Intel jumped roughly 3.8% in extended trading. The Santa Clara, California-based chipmaker disclosed the layoff goals as it forecast steeper third-quarter losses than Wall Street estimates on Thursday, despite anticipating higher sales than analysts expected while new CEO Lip-Bu Tan steers the company through a historic turnaround. The outlook comes as investors pushed Intel's shares up 14% this year, in the hopes of Tan undoing years of strategic mistakes that have exempted the company from the AI boom dominated by Nvidia (NVDA.O), opens new tab. The company said it expects a third-quarter loss of 24 cents per share, steeper than estimates of losses of 18 cents per share, according to data from LSEG. Intel expects revenue of $12.6 billion to $13.6 billion for the September quarter, with a midpoint of $13.1 billion that was higher than analysts' average estimate of $12.65 billion, according to data compiled by LSEG. Growth in the PC market is uncertain after customers pulled shipments forward to the first half of the year amid ongoing trade negotiations, analysts have said. Shipments of PCs rose 6.5% in the June quarter according to data from International Data Corporation. While semiconductors are currently exempt from U.S. President Donald Trump's sweeping global tariffs, Intel and its fellow chipmakers are facing customers who are reluctant about spending commitments amid widespread macroeconomic uncertainty. Intel's second-quarter revenue for the period ended June 28 was flat at $12.9 billion, snapping a four-quarter streak of sales declines. The result beat estimates of $11.92 billion, according to LSEG data. CEO Tan has been focusing on a next-generation chipmaking process called 14A to win big external customers, shifting away from 18A, a technology that his predecessor Pat Gelsinger had spent billions of dollars to develop, Reuters has reported. Tan has also focused on streamlining the organization and reducing its workforce. In April, Intel agreed to sell a 51% stake in its Altera programmable chip business for $4.46 billion. Intel said job cuts contributed to restructuring costs of $1.9 billion in the second quarter. It recorded June quarter adjusted losses of 10 cents per share, compared with estimates of a profit of 1 cent per share. Its unadjusted loss was 67 cents per share in the second quarter, steeper than analyst estimates of a 26-cent-per-share loss.