Andrew and Peggy Cherng
Birthname Andrew and Peggy Cherng Profession CEO Net worth $4,300,000,000 Source of Wealth Panda Restaurant Group Nationality Americans Marital Status marriedAndrew & Peggy Cherng are the co-CEO's of Panda Express and they have got an amassed net worth of $4.3 billion as of June 2016 in line with Forbes. They are ranked 239th in the “Forbes 400” checklist and 736th within the World Billionaires checklist.
The Cherng couple earned their estimated net worth of $2 billion as the co-founder of the chain of casual Chinese food restaurants. Andrew immigrated to the United States from China in 1966 with little cash. Along along with his father who was once skilled as a master chef in Japan, they opened a take a seat down Chinese eating place referred to as Panda Inn in 1973 positioned in Pasadena, California.
Ten years after, Andrew Cherng launched the first Panda Express, a quick informal restaurant in the Glendale Galleria, the second one largest mall in Los Angeles. His spouse, Peggy, who has a Ph.D. in pc science, left a tool construction profession at 3M and McDonnell Douglas in order to assist him run the business. She served as the CEO from 1998 to 2004 however these days, they both share the title.
Panda Express, with $1.6 billion gross sales in 2011, operates 1,500 restaurants with five franchises in Mexico and 40 licensees. The couple also has a Dry Cleaning partnership with Procter & Gamble known as Tide Dry Cleaners. Its first location is in a suburb in Las Vegas.
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