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Peggy Cherng Net Worth

Net Worth: $1.5 Billion
Source of wealth:

Fast Food

Full Name Peggy Cherng
Birth Place Burma (now Myanmar)
Date of Birth
Nationality American
Ethnicity Burmese
Occupation Businesswoman
Marital Status Married (Andrew Cherng)
Children 3
Education Baker University, University of Missouri (Ph.D)
Last Updated
Aug 7, 2015

About Peggy Cherng

Burma-born American businesswoman Peggy Cherng has an estimated net worth of $1.5 billion as of 2015, according to Forbes. She is the co-founder of the popular Chinese food restaurant chain Panda Express along with her husband Andrew. Raised up in Hong Kong, Peggy then relocated to the United States to pursue her study, attending Baker University in Baldwin, Kansas, where she met her future husband. She later continued her study at Baker University in Baldwin and earned a Ph.D. in electrical engineering before started working at 3M and McDonnell Douglas. In 1983 the Cherngs opened up the Panda Express chain, initially a quick-serve location, and it is now one of the world’s largest private, family-owned restaurant chains, with $2.2 billion in revenue and roughly 1,800 locations. Besides, Peggy also holds a role on the boards of Children’s Hospital Los Angeles, UCLA Anderson School of Management, and Methodist Hospital of Southern California. She was ranked #13 on the 2015 America’s Self-Made Women by Forbes. Together with Andrew, the couple have three children.