Instant Alert: Meet the billionaire couple behind Panda Express, who run nearly 2,000 restaurants and sell 90 million pounds of orange chicken a year

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   Meet the billionaire couple behind Panda Express, who run nearly 2,000 restaurants and sell 90 million pounds of orange chicken a year by Mark Abadi on Apr 2, 2018, 5:19 PM Advertisement Panda Express co-founders and CEOs Andrew and Peggy Cherng have a combined net worth of more than $3 billion. Over 25 years, they oversaw Panda Express' growth from a single restaurant in a California mall to a 2,000-restaurant worldwide empire. They continue to own and operate virtually every Panda Express restaurant themselves. In 25 years, Panda Express has transformed from a single restaurant in a southern California mall to a 2,000-location empire around the world. The masterminds behind the American Chinese behemoth are Andrew and Peggy Cherng, the married couple that founded the company in the early 1980s and continues to own and operate every Panda Express themselves. Today, the Cherngs have amassed a combined net worth of $3.3 billion, making them two of the richest people in America. But the Cherngs weren't always on track to build a fast-food empire. Andrew earned a master's degree in mathematics before he opened his first restaurant, while Peggy earned a Ph.D. in electrical engineering, eventually using her expertise to pioneer the American Chinese restaurant industry. Read on to see how the Cherngs made their fortune in America: SEE ALSO: Forget the infamous reputation — Panda Express is the most authentic American Chinese chain in the world DON'T MISS: Here's what 11 of the most successful people in America studied in college Andrew and Peggy Cherng are the cofounders and CEOs of Panda Express, the American Chinese restaurant with nearly 2,000 locations worldwide. According to Forbes, the Cherngs have a combined net worth of $3.3 billion. Source: Forbes The Cherngs own and operate virtually every Panda Express location themselves — they don't franchise them out to other owners, making Panda Express a rarity among restaurant chains of its size. Source: Business Insider Andrew Cherng was born in Yangzhou, China. His father was a chef, but Andrew didn't enter the restaurant industry at first — he came to the US to study math, eventually earning a master's degree in applied mathematics from the University of Missouri. Source: The New York Times See the rest of the story at Business Insider   Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011