Andrew Cherng
Las Vegas, Nevada
Master of Arts, University of Missouri | Ph.D, University of Missouri
United States
9
restaurants, Self Made
$3,700,000,000
838
#838 Billionaires 2019
#226 Forbes 400 2017
Andrew and Peggy Cherng are cofounders of the $3 billion (sales) Chinese fast food chain, Panda Express, which has over 2,000 locations.The Cherngs also run famed ramen house, Ippudo, in Berkeley, CA and have investments in chains that sell everything from pizza, salad and cheesecake. The couple met at Baker University in Baldwin, Kansas before starting Panda Express in 1983 in the second largest mall in Los Angeles County. Today the chain stretches from its home base in the U.S to Canada, Mexico, Dubai and South Korea.In March 2017 the Cherngs donated $30 million to Caltech's medical engineering department.
Andrew has a master's degree in applied mathematics; he first got into the food business with his father, opening a sit down restaurant in Pasadena in 1973.Peggy, who has a Ph.D. in electrical engineering, did stints at 3M and McDonnell and coded simulators for the U.S. Navy.
Andrew Cherng
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