Andrew Cherng
$7.5B
Born
May 02, 1947
Age
78
Source of Wealth
Fast food
Residence
Las Vegas, Nevada
Citizenship
United States
Marital Status
Married
Children
3
Education
- 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.
- Andrew Cherng 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.
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