Andrew Cherng

Andrew Cherng

Andrew Cherng (#525)

  • $ 7 B
  • Fast food
  • United States
  • M
  • 79 Years

About Me

Andrew Cherng cofounded Chinese fast-food chain Panda Express, alongside his wife Peggy Cherng. Born in China, his family moved to Taiwan and Japan before he immigrated to the U.S., where he met Peggy as a freshman at Baker University in Kansas. The couple launched Panda Express in 1983 in a Glendale, California mall. Today the 2,500-location chain stretches from the U.S. to Canada, Mexico, Dubai and South Korea. The Cherngs are co-CEOs. In 2018, the couple invested in a group that bought the Mandarin Oriental hotel, now the Waldorf Astoria, in Las Vegas for $214 million.
About Images

Achievements

Career Highlights

A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Andrew Cherng’s rise and global influence.

  • #487   Billionaires (2026)
  • #187   Forbes 400 (2025)

Wealth Growth

Net Worth Growth Over Time

Tracking Andrew Cherng’s net worth journey over the years, highlighting key growth phases and financial milestones.

Current Net Worth: $7.3B (May 4, 2026)