Cherng Family Net Worth (Updated 2026).
The Cherng family, hailing from Taiwan, began their entrepreneurial journey in the bustling city of Los Angeles, California, in the late 1970s. Andrew and Peggy Cherng, the driving forces behind the family’s success, started their career by opening a small, humble Chinese restaurant named “Panda Inn” in Pasadena. Their vision was to introduce authentic Chinese cuisine to the American palate, a concept that was largely unexplored at the time.
As the popularity of Panda Inn grew, so did the Cherngs’ ambition. In 1983, they founded Panda Restaurant Group, marking a significant turning point in their career. This new venture allowed them to expand their reach, introducing the now-iconic Panda Express, a fast-casual dining concept that would become a household name. The family’s commitment to quality, innovation, and customer service propelled them to fame, with Panda Express now operating over 2,000 locations across the United States and internationally.
Table Of Contents
Cherng Family’s Current Net Worth (2025)
The Cherng family, founders of Panda Express, has an estimated net worth of $32 billion as of 2025, according to Forbes. This makes them one of the wealthiest families in the United States.
Career
The Cherng family’s career is primarily tied to the restaurant industry. Andrew and Peggy Cherng founded Panda Express in 1983, which has since grown into one of the largest fast food chains in the U.S. Their sons, Peter and Chris, now play significant roles in the company’s operations and expansion.
Other Ventures
In addition to Panda Express, the Cherng family has invested in other ventures. These include Panda Restaurant Group, which operates other Asian food chains like Panda Inn and Hibachi-San. They have also invested in real estate and technology startups.
Assets
The Cherng family’s assets primarily consist of their stakes in Panda Restaurant Group and other investments. They also own properties in California, including a 10,000 square foot mansion in Newport Beach. Their art collection, which includes works by Andy Warhol and Roy Lichtenstein, is also a significant asset.
Annual Income
The Cherng family’s annual income is largely derived from Panda Express and Panda Restaurant Group. According to Forbes, their combined annual income in 2024 was estimated to be around $1.5 billion. This figure can vary year to year depending on the company’s performance and other factors.
Frequently Asked Questions about Cherng Family
**Frequently Asked Questions: Cherng Family Net Worth**
1. **Who are the Cherngs?**
The Cherng family is known for founding the popular American restaurant chain, Panda Express. The family, originally from China, immigrated to the United States in the mid-20th century.
2. **Who are the key members of the Cherng family?**
The key members of the Cherng family include Andrew Cherng (founder of Panda Express), his wife Peggy Cherng (co-founder and co-CEO of Panda Express), and their two children, Emily and Andrew Cherng Jr.
3. **How did the Cherng family build their wealth?**
The Cherng family built their wealth through the success of Panda Express, which they founded in 1983. The restaurant chain has since grown to over 2,000 locations worldwide.
4. **What is the Cherng family’s net worth?**
As of the latest estimates, the Cherng family’s net worth is approximately $3 billion.
5. **How has the COVID-19 pandemic impacted the Cherng family’s wealth?**
Like many businesses, Panda Express was impacted by the COVID-19 pandemic. However, the Cherng family’s wealth has remained relatively stable due to the long-term success and resilience of the Panda Express brand.
6. **What are the Cherng family’s philanthropic efforts?**
The Cherng family is known for their philanthropic efforts. They have donated to various causes, including education, healthcare, and community development, both in the U.S. and China.
7. **What is the Cherng family’s involvement in politics?**
The Cherng family has not been heavily involved in politics. However, Andrew Cherng has made political donations, primarily to Democratic candidates and causes.
8. **How has the Cherng family’s wealth been invested?**
The Cherng family’s wealth is primarily invested in Panda Express and other real estate ventures. They also have interests in technology and healthcare sectors.
9. **What are the Cherng family’s future plans for Panda Express?**
The Cherng family has plans to continue expanding Panda Express, both domestically and internationally. They are also exploring new concepts and formats to adapt to changing consumer preferences.
10. **What lessons can be learned from the Cherng family’s success?**
The Cherng family’s success story highlights the importance of hard work, innovation, and adaptability. They also demonstrate the value of family involvement and unity in business, as well as the importance of giving back to the community.
