Andrew and Peggy Cherng Net Worth $2 Billion
Panda Express – an Outline
Andrew & Peggy Cherng will be the co-CEO’s of Panda Express and they will have an estimated net worth of $2 billion as of March 2013.
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 America from China in 1966 with little cash. Along with his father who had been trained as a master chef in Japan, they started a sit down Chinese eatery called Panda Inn in 1973 located in Pasadena, California.
The couple also offers a Dry Cleaning partnership with Procter & Gamble called Tide Dry Cleaners. Its first place is in a suburb in vegas.
Ten years after, Andrew Cherng launched the initial Panda Express, a fast casual eatery in the Glendale Galleria, the 2nd largest mall in la. His wife, Peggy, that has a Ph.D. in computer science, left a software development career at 3M and McDonnell Douglas in order to help him run the business. She served as the CEO from 1998 to 2004 but currently, they both share the title.