Fremont College’s Board of Governors and Program Advisory Committee Member, Andrew Cherng, Named One of Forbes 400 Wealthiest Americans
Andrew Cherng, Board of Governors and Program Advisory Committee Member at Fremont College, was listed as one of Forbes 400 wealthiest Americans
Andrew Cherng, a member of Fremont College’s Board of Governors and Program Advisory Committee, was recently added to the Forbes 400 list of wealthiest Americans, along with his wife, Peggy. Mr. Cherng is the Founder and Chairman of Panda Restaurant Group.
Andrew came to the U.S. from China in 1966 with his father, a master chef. In 1973, they opened a sit-down Chinese restaurant called Panda Inn. Ten years later, Andrew launched the first Panda Express in a Los Angeles County mall. Today, the $1.6 billion business operates 1,500 restaurants nationwide. Panda Restaurant Group the parent company of Panda Inn, Panda Express, and Hibachi-San, is a company that strongly believes in its mission “To deliver exceptional Asian dining experiences by building an organization where people are inspired to better their lives.”
Andrew’s innovative approach to business has created an environment at Panda Restaurant Group that prioritizes employees and customers before profit — a philosophy that has helped Panda Restaurant Group become the nationwide leader in Asian food services.
Mr. Cherng has been recognized with numerous awards since founding Panda Restaurant Group, including Entrepreneur of the Year by the Asia Society of Southern California in 2007. In 2004, Panda Restaurant Group was named as one of the top five minority-owned businesses in Los Angeles by the Los Angeles Business Journal. In 2005, Andrew and his wife, Peggy, were inducted into the National Restaurant Association’s Hall of Fame.
According to Forbes.com, Mr. Cherng’s net worth is $2 billion and he is ranked #239 on the Forbes 400 list.
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