Who Owns In-N-Out Burger? Lynsi Snyder and the Family Trusts

That makes In-N-Out one of the largest American restaurant chains still owned by a single person.

Who owns In-N-Out today?

Sources: In-N-Out Burger and Lynsi Snyder on Wikipedia, citing the Los Angeles Times and Forbes.

Snyder is the daughter of Guy Snyder, Harry and Esther's younger son. She is the sole beneficiary of the family trusts, which released the company to her in stages: her father's 50% stake at 30, and near-full control at 35. The Los Angeles Times valued her inheritance at $450 million in 2006. Day-to-day decisions run through a seven-member executive team.

Is In-N-Out publicly traded?

No. There is no In-N-Out stock, and the company has never franchised a restaurant. Every location is company-owned. The company has said it stays private and unfranchised to protect food quality and consistency, and Snyder has said she does not intend to sell or franchise.

Is In-N-Out moving to Tennessee?

Snyder is, but the headquarters is staying in California. In July 2025 she said her family was moving to Franklin, Tennessee, where In-N-Out is building an eastern office announced in January 2023 as a $125.5 million investment. Days later she said, "We're not moving In-N-Out Burger's corporate headquarters." The company is consolidating its California offices from Irvine back to Baldwin Park, its birthplace, by 2030.

How much is In-N-Out worth?

Sources: Lynsi Snyder and In-N-Out Burger on Wikipedia, citing Forbes and Bloomberg. In-N-Out does not publish financial results, so the revenue figure is a third-party report.

Since nearly all of Snyder's fortune is In-N-Out, Forbes' net worth figure is the closest thing to a current public valuation of the chain.

Every In-N-Out owner

1. 1948

   Harry and Esther Snyder open the first In-N-Out in Baldwin Park, California

   Not recordedSource: In-N-Out on Wikipedia

2. 1976

   Harry dies; son Rich Snyder becomes president

   Family successionSource: In-N-Out on Wikipedia

3. 1993

   Rich Snyder dies in a plane crash in December

   Source: In-N-Out on Wikipedia

4. 1994

   Younger son Guy Snyder becomes president in January

   Family successionSource: In-N-Out on Wikipedia

5. 1999

   Guy Snyder dies; Esther Snyder takes over as president

   Family successionSource: In-N-Out on Wikipedia

6. 2006

   Esther dies; Mark Taylor becomes the first non-Snyder president

   Lynsi's inheritance valued at $450 millionSource: Lynsi Snyder on Wikipedia, citing the Los Angeles Times

7. 2010

   Lynsi Snyder becomes president on January 1

   Source: Lynsi Snyder on Wikipedia

8. 2012

   At 30, Lynsi receives her father's 50% stake

   $1.1 billion company value (Bloomberg, 2013)Source: Lynsi Snyder on Wikipedia

9. 2017

   At 35, Lynsi gains full control in May

   $3 billion net worth (Forbes, 2018)Source: Lynsi Snyder on Wikipedia

10. 2025

    Lynsi moves to Tennessee; headquarters stays in California

    $8.7 billion net worth (Forbes 400)Source: Deseret News; Forbes

In-N-Out has never been sold. It has passed only by inheritance, from Harry and Esther to their sons and then to their granddaughter.

How many In-N-Out locations are there?

In-N-Out lists about 424 restaurants in 10 states: Arizona, California, Colorado, Idaho, Nevada, Oregon, Tennessee, Texas, Utah and Washington, with New Mexico planned by 2027, according to the company summary on Wikipedia. Because the chain is private, that count is not audited.

How I checked this

Ownership and the inheritance schedule come from the In-N-Out and Lynsi Snyder histories on Wikipedia, which cite the Los Angeles Times, Bloomberg and Forbes. The Tennessee move comes from Snyder's July 2025 statements as reported by Deseret News and Fox Business. In-N-Out is private, so no filing confirms its value; I use Forbes' estimate of the owner's wealth and say so.

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