Andrew Peggy Cherng Net Worth is$2.7 Billion
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Andrew & Peggy Cherng Net Worth: Andrew & Peggy Cherng are Chinese-born, American entrepreneurs who have a combined net worth of $2.7 billion. Andrew & Peggy Cherng are the co-CEO's of Panda Express, a fast casual restaurant chain that serve American-Chinese cuisine. This Chinese couple that started and built a billions-worth business together is also connected by marriage vows. Andrew and Peggy are immigrants born in China and Burma, respectively, who met while studying at Baker University in Baldwin, Kansas. Next, they attended the University of Missouri, where Andrew got a Master's degree in applied mathematics and Peggy earned a Ph.D. in electrical engineering. It was Andrew that opened a sit-down restaurant called Panda Inn with master chef father in 1973. After one decade, Peggy decided to abandon her software-development career to help Andrew grow his dinning business. Thus, the two launched first Panda Express in second-largest mall in Los Angeles County. Both sharing the CEO title, they turned their food-serving company into the largest chain of Asian fast food restaurants in the United States with 1,600 locations and more than 19,000 employees.
Andrew Cherng (pronounced: Chur-ng), born in 1948, is a Chinese-born American businessman. He is the founder and chairman of the board of Panda Restaurant Group Inc., based in Rosemead, California. He is perhaps best known for being the co-founder and chief executive officer of Panda Express.

Cherng was born in 1948 in Yangzhou, Jiangsu Province, China on the northern bank of China???s Yangtze River. His father was Ming-Tsai Cherng, a chef.
He grew up in Taiwan, where his father had settled with his family.
In 1963, his family moved to Yokohama, Japan, where his father had taken a job as a chef.
In 1966, at age 18, he immigrated to the United States to study at an American university. He earned a B.S. degree in Mathematics in 1970 from Baker University in Baldwin City, Kansas, and an M.S. degree in Applied Mathematics from the University of Missouri in 1972. At Baker University he met his future wife, Peggy Tsiang, who went on to earn a Ph.D. in Electrical Engineering also from the University of Missouri.
In 1972, he moved to the Los Angeles area to help his cousin run a restaurant.
In June 1973, along with his father Ming Tsai Cherng, they started a sit down Chinese fast-food restaurant called Panda Inn in Pasadena, California on Foothill Boulevard, using funds from the family and a Small Business Administration loan.
Andrew and his fiancee, Peggy, who was working for aircraft companies in the Los Angeles area, married in 1975.
In 1983, Andrew Cherng conceived of and opened Panda Express, a fast food restaurant, at the newly opened Glendale Galleria II mall in Glendale, California. He had been prompted to start the spin off by the developer of the mall who had eaten at Panda Inn and invited Cherng to take a place at the food court.
The company expanded to 100 restaurants by 1993 with the opening of an outlet at the University of California, Los Angeles.
The chain has become one the biggest Chinese American family owned fast f

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Andrew Peggy Cherng Latest News

Forget the infamous reputation — Panda Express is the most authentic American Chinese chain in the world

Master Chef Ming-Tsai Cherng, opened the first Panda Inn in Pasadena, California in 1973. At the time, Chinese food in America was still an exoticized curiosity is much of the country. Today, Andrew and Peggy Cherng are co-CEOs of the chain, which has ...
Posted: August 10, 2016, 7:30 am

Panda Express' billionaire CEO dishes up a stir-fry empire

That first Panda Express opened in 1983, launching a stir-fry empire ... "You can't stay still." Living well: Peggy and Andrew Cherng have a net worth pegged by Forbes magazine above $3 billion. The couple, who live in South Pasadena, have three adult ...
Posted: January 11, 2015, 5:16 am

Caltech's Medical Engineering Department Receives $30M Donation From Panda Express Founders

In recognition of the donation, the department will be renamed the Andrew and Peggy Cherng Department of Medical Engineering. "We wanted our first major commitment to make a meaningful connection, so we gave to a school that is located in the same city ...
Posted: March 28, 2017, 3:23 pm
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