- Husband and wife duo Andrew and Peggy Cherng are the co-CEOs of Panda Restaurant Group, the company behind Panda Express.
- Over the course of 35 years, the husband and wife team have overseen Panda Express' growth from a single restaurant in a California mall to a 2,000-restaurant worldwide empire, The New York Times' Kerry Hanon reported in 2018.
- The couple has a combined net worth of $3 billion, Forbes estimates.
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Meet the billionaire couple behind Panda Express, who built a $3 billion fortune selling 90 million pounds of orange chicken each year and run 2,000 restaurants across the globe
Panda Restaurant Group
Andrew and Peggy Cherng, both 71, are the cofounders and CEOs of Panda Express, the American Chinese restaurant with nearly 2,000 locations worldwide. According to Forbes, the Cherngs have a combined net worth of $3 billion.
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Over the course of 45 years, college sweethearts Andrew and Peggy Cherng have grown Panda Express from a single restaurant in a southern California mall to a 2,000-location empire around the world.
The married couple founded the company in the early 1980s and continues to own and operate every Panda Express themselves. Today, the Cherngs have amassed a combined net worth of $3 billion, Forbes estimates, making them two of the richest people in fast food.
But the Cherngs weren't always on track to build a fast-food empire. Keep reading to learn how the Cherngs built their multibillion-dollar fortune.
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- Ousted WeWork CEO Adam Neumann might be selling part of his Manhattan compound, according to reports
SEE ALSO: White Claw billionaire Anthony von Mandl got his start selling wine out of his car. Here's how he built a $3.4 billion fortune off the hard seltzers and lemonades that have redefined booze for bros.
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