Andrew Cherng

Andrew Cherng is a Chinese-born American billionaire restaurateur. He is the founder and chairman of Panda Restaurant Group, based in Rosemead, California. He is the co-founder and chief executive officer of Panda Express. The Cherngs invest out of their family office, the Cherng Family Trust.

• 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.