Andrew Cherng Net Worth (Updated 2026).

Andrew Cherng, a name synonymous with the popular Panda Express chain, began his culinary journey in the heart of Pasadena, California. Born in 1948 in China’s Hunan province, Cherng immigrated to the United States in 1963, bringing with him a rich culinary heritage and a dream to share authentic Chinese cuisine with the American public. He started his career as a dishwasher in his father’s restaurant, Mandarin Kitchen, where he learned the intricacies of the food industry and honed his skills in the kitchen.

Andrew Cherng’s Current Net Worth (2025)

As of 2025, Andrew Cherng’s estimated net worth is $3.5 billion, according to Forbes. This significant wealth is primarily attributed to his successful restaurant chain, Panda Express.

Career

Andrew Cherng co-founded Panda Express in 1983 with his wife, Peggy Cherng. Today, it’s one of the largest fast-casual restaurant chains in the U.S., with over 2,000 locations. Cherng serves as the company’s CEO and chairman, overseeing its growth and expansion.

Other Ventures

Beyond Panda Express, Cherng has invested in various other ventures. He co-founded the Cherng Foundation with his wife, focusing on education, health, and community development. He’s also an early investor in the electric vehicle company, Rivian.

Assets

Cherng’s assets include a majority stake in Panda Express, as well as real estate holdings and investments in other companies. His primary residence is a luxurious estate in Pasadena, California, valued at around $15 million.

Annual Income

As the CEO of Panda Express, Cherng’s annual income is substantial. In 2020, his total compensation was reported to be over $6 million, including salary, bonuses, and other forms of compensation. However, this figure can fluctuate annually and is not publicly disclosed for recent years.

Frequently Asked Questions about  Andrew Cherng

**Frequently Asked Questions: Andrew Cherng Net Worth**

1. What is Andrew Cherng’s net worth?

Andrew Cherng’s net worth is estimated to be around $3 billion.

2. How did Andrew Cherng make his fortune?

Andrew Cherng co-founded Panda Express, a popular American Chinese restaurant chain, with his wife Peggy Cherng in 1983. They started with one restaurant and grew it into a global brand with over 2,000 locations.

3. What is Andrew Cherng’s role in Panda Express?

Andrew Cherng serves as the Co-Chairman and Co-CEO of Panda Express. He is involved in the strategic direction of the company and is known for his innovative approach to the food industry.

4. How many Panda Express restaurants are there?

As of 2021, there are over 2,000 Panda Express locations worldwide.

5. Where are Panda Express restaurants located?

Panda Express restaurants can be found in all 50 U.S. states and in several international locations, including Mexico, Korea, Saudi Arabia, and the United Arab Emirates.

6. What is Andrew Cherng’s background?

Andrew Cherng was born in Jiangmen, China, and moved to the United States with his family at the age of 16. He earned a degree in Electrical Engineering from Baker University and an MBA from Baker University’s School of Business.

7. How old is Andrew Cherng?

Andrew Cherng was born on December 3, 1948, making him 73 years old as of 2021.

8. What is Andrew Cherng’s philanthropic work like?

Andrew Cherng and his wife Peggy Cherng are known for their philanthropic efforts. They have donated to various causes, including education, healthcare, and community development, through their Cherng Family Foundation.

9. Does Andrew Cherng have any children?

Yes, Andrew Cherng has two children, Andrew Cherng Jr. and Emily Cherng, who are also involved in the family business.

10. What are Andrew Cherng’s hobbies and interests?

Andrew Cherng is known to be a fan of golf and enjoys playing the sport in his free time. He is also interested in technology and has invested in various tech startups.