Panda Express, a household name in American fast-casual dining, was founded in 1983 by Andrew Cherng and his wife Peggy Cherng. The couple, immigrants from China, saw an opportunity in the growing demand for Americanized Chinese cuisine. They opened their first restaurant in Glendale, California, serving a unique blend of American and Chinese flavors, a concept that would later become the signature of Panda Express.

The Cherngs’ innovative approach to food and business strategy quickly gained traction. They introduced the “heat map” system, a color-coded chart that helped them analyze sales and optimize menu offerings. This data-driven approach, combined with their commitment to quality and customer service, led to rapid expansion. By the late 1980s, Panda Express had become a popular choice among mall food courts, and by the mid-1990s, it had grown into a national chain, renowned for its iconic dishes like Orange Chicken and Chow Mein.

Panda Express’s Current Net Worth (2025)

As of 2025, Panda Express’s current net worth is estimated to be around $10 billion. This fast-casual restaurant chain, founded by the Cherng family, has seen consistent growth since its inception in 1983.

Career

Panda Express began as a small family-owned business in Glendale, California. Today, it’s the largest family-owned restaurant chain in the U.S., with over 2,200 locations worldwide. The Cherng family, founders and owners, have been instrumental in its growth, with Andrew Cherng serving as the CEO and Peggy Cherng as the co-CEO.

Other Ventures

Beyond Panda Express, the Cherng family has diversified their portfolio. They’ve invested in real estate and technology startups, including a stake in the food delivery service DoorDash. Additionally, the family has established the Panda Restaurant Group Foundation, focusing on education, health, and community development.

Assets

Panda Express’s primary asset is its extensive network of restaurants. The company also holds significant real estate, owning many of its restaurant locations. Additionally, Panda Express’s brand and intellectual property, including its recipes and trademarks, are valuable assets. The Cherng family’s personal wealth is estimated to be around $5 billion.

Annual Income

In 2020, Panda Express generated an estimated $3.1 billion in annual sales. Despite the challenges posed by the COVID-19 pandemic, the company has shown resilience, with sales rebounding in 2021. Panda Express’s annual income has consistently grown over the years, reflecting its enduring popularity and business acumen.

Frequently Asked Questions about  Panda Express

Frequently Asked Questions: Panda Express Net Worth

1. What is Panda Express’s net worth?

Panda Express’s net worth is estimated to be over $2 billion.

2. Who founded Panda Express?

Panda Express was founded by Andrew Cherng and his wife Peggy Cherng in 1983.

3. How many locations does Panda Express have?

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

4. In which countries does Panda Express operate?

Panda Express operates in the United States, Canada, Mexico, South Korea, and Saudi Arabia.

5. What are the most popular dishes at Panda Express?

Some of the most popular dishes at Panda Express include Orange Chicken, Kung Pao Chicken, and Chow Mein.

6. How much does the average Panda Express meal cost?

The average Panda Express meal costs around $7 to $10.

7. Is Panda Express a publicly traded company?

No, Panda Express is a privately held company.

8. How many employees does Panda Express have?

Panda Express employs over 30,000 people worldwide.

9. What is the Cherng family’s net worth?

The Cherng family, founders of Panda Express, has a net worth of over $3 billion.

10. How has Panda Express adapted to the COVID-19 pandemic?

Panda Express has adapted to the COVID-19 pandemic by offering contactless takeout, delivery, and drive-thru options, as well as implementing safety measures in their restaurants to protect employees and customers.