Panda Express Owner Net Worth (Updated 2026).

Andrew Cherng, the co-founder and owner of Panda Express, began his culinary journey in the early 1970s. Born in China, Cherng moved to the United States with his family at the age of 17, bringing with him a rich cultural heritage and a passion for food. He started his career in the restaurant industry by working at his father’s Chinese restaurant in Pasadena, California. It was here that Cherng honed his skills, learning the intricacies of the business and developing a deep appreciation for the art of cooking.

Panda Express Owner’s Current Net Worth (2025)

As of 2025, the latest available information estimates the net worth of Andrew Cherng, the co-founder and owner of Panda Express, to be approximately $3.9 billion.

Career

Andrew Cherng, born in 1948, immigrated to the U.S. from China in 1966. He earned his Master’s degree in Electrical Engineering from Baker University and later pursued an MBA from the University of Missouri. In 1973, he opened his first restaurant, Panda Inn, with his wife Peggy. In 1983, they founded Panda Express, which has since grown to over 2,000 locations worldwide.

Other Ventures

Beyond Panda Express, Andrew Cherng has invested in various other ventures. He is a co-owner of the Los Angeles Angels baseball team and has made significant real estate investments. He also supports educational initiatives, having endowed the Andrew and Peggy Cherng Department of Engineering at the University of Missouri.

Assets

Cherng’s assets include his majority stake in Panda Restaurant Group, which includes Panda Express, Panda Inn, and Hibachi-San. He also owns numerous properties, including the Angel Stadium in Anaheim, California, and has a significant art collection. His primary residence is a 15,000 square-foot estate in Newport Beach, California.

Annual Income

As the majority owner of Panda Restaurant Group, which generates billions in annual revenue, Andrew Cherng’s annual income is substantial. However, it’s important to note that the exact figure can vary greatly from year to year and is not publicly disclosed. According to Forbes, in 2021, Cherng’s earnings were estimated to be in the hundreds of millions of dollars.

Frequently Asked Questions about  Panda Express Owner

Frequently Asked Questions: Panda Express Owner Net Worth

1. Who is the owner of Panda Express?

Panda Express is owned by the Cherng family. The founders, Andrew and Peggy Cherng, are still actively involved in the company.

2. How much is the Panda Express owner worth?

The latest estimated net worth of the Cherng family is around $3 billion.

3. When was Panda Express founded?

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

4. How many Panda Express locations are there?

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

5. Where is Panda Express headquarters located?

The headquarters of Panda Express is located in Rosemead, California.

6. What is the annual revenue of Panda Express?

The annual revenue of Panda Express is estimated to be over $3 billion.

7. How did Panda Express start?

Panda Express started as a small restaurant in Glendale, California, and grew through a combination of innovative marketing strategies and a focus on quality and service.

8. Does Panda Express have any international locations?

Yes, Panda Express has locations in several countries including Mexico, South Korea, Saudi Arabia, and the United Arab Emirates.

9. What is the Cherng family’s background?

Andrew Cherng was born in China and moved to the United States to attend college. Peggy Cherng was born in China and moved to the United States to study computer science. They met while working at a restaurant in Pasadena, California.

10. What is the Cherng family’s involvement in philanthropy?

The Cherng family is involved in various philanthropic efforts, including supporting education, healthcare, and community development initiatives. They established the Panda Cares Foundation in 1999 to formalize their giving efforts.