Lynsi Torres, the 30-year-old billionaire owner and president of the In-N-Out burger chain, has to shell out a whopping $18,000 per month in child support to her second ex-husband, Richard Martinez, RadarOnline.com is exclusively reporting.
The reclusive and media shy heiress was married to Martinez, from 2004 until 2011, and the couple has 8-year-old twins together.
According to their divorce settlement, exclusively obtained by Radar, Torres and Martinez have joint custody and she has to foot the bill for the twins’ costly private schooling in addition to paying her ex a cool $18,956.00 a month from her listed $50k monthly salary, in child support up until “said child marries, dies, is emancipated, reaches the age of 19, reaches the age of 18 and not a full-time high school student.”
Fortunately for Torres she did have a prenuptial agreement in place, saving her at least from having to pay Martinez spousal support. Her first marriage, to high school sweetheart Jeremiah Seawell, ended in 2002 after only two years.
Torres married her third husband in 2011, shortly after her divorce from Martinez was finalized.
As RadarOnline.com previously reported, Lynsi’s grandparents, Harry and Esther Snyder, founded the original In-N-Out burger joint in 1948, and grew it to an astounding 280 stores in five states.
After Harry passed away in 1976, followed by Esther in 2006, Torres became the sole heir to the iconic West coast burger chain, as her father, H. Guy Snyder died of a drug overdose when she was 17. Unlike most other burger conglomerates, In-N-Out remains a privately held company.
According to the Bloomberg Billionaires Index, Lyndsi’s trust granted her half ownership of the company when she turned 30, and will get full control at 35.
Torres has no college degree or formal business training, and is said to keep such a low-profile that virtually nobody in the restaurant industry has ever met her, let alone even knew who she was!
“I have no clue about her,” California restaurant consultant Janet Lowder told Bloomberg. “I was even surprised there was a granddaughter.”