Lynsi Torres: In-N-Out Burger Heiress Pays $19K In Child Support
Lynsi Torres, president of In-N-Out Burger and the youngest female billionaire in America, pays her second ex-husband, Richard Martinez, $19,000 a month in child support.
Torres and Martinez were married from 2004 until 2011 and have 8-yar-old twins together.
According to the divorce settlement, which was obtained by RadarOnline, the couple has joint custody of the twins and Torres has to pay their private school tuition in addition to paying Martinez $18,956 a month in child support until “said child marries, dies, is emancipated, reaches the age of 19, reaches the age of 18 and is not a full-time high school student.”
Torres requested that a judge quickly end her marriage to Martinez because her her relgious beliefs prevented her from dating another man while still married. That other man was the 30-year-old’s third husband, race car driver Val Torres Jr. The two married shortly after her divorce from Martinez was finalized.
In a June 2011 declaration, Torres said:
“I am a deeply spiritual and religious person both privately and publicly….In-N-Out Burger has a well-known and long standing reputation as a corporation that is operated with a Christian message and philosophy.”
Torres went on to say that she has worked hard to maintain her own Christian reputation and that of In-N-Out, and that she continues to include “John 3:16″ at the bottom of all the company’s cups. She said she feared that, if she dated someone else before her divorce was finalized, it would be detrimental to her public image and to the burger chain’s corporate image.
As we have previously reported, In-N-Out Burger was founded by Torres’ grandparents, Harry and Esther Snyder in 1948. After Harry Snyder died in 1976, his son, Rich, assumed control of the company. When Rich died in a plane crash 10 years ago, Torres’ father, Harry Guy Snyder, took over. After his death in 1999, when Torres was 16, Esther Snyder kept control of the company until she died in 2006. Lynsi Torres controls In-N-Out through a trust that gave her half ownership of the chain when she turned 30 last year. When she turns 35, she will have full ownership.