Peggy Tsiang Cherng (pronounced Chur-ng, born 1947/1948) is an American billionaire businesswoman. Cherng co-founded Panda Express in 1983 and serves as the co-chief executive officer of Panda Restaurant Group. She was born in Burma (now Myanmar). With an estimated net worth of US$1.7 billion as of 2019, Forbes reported that she is America's second richest self-made woman born outside the United States. The Cherngs invest their wealth out of their family office, the Cherng Family Trust.