India, July 16 -- Pop Mart founder, chairman and CEO Wang Ning, born in 1987 in Huojia County, Henan, made history in June 2025 by not only becoming the 10th richest billionaire in China by net ...

Pop Mart founder and CEO Wang Ning became one of the 10 richest billionaires in China by net worth riding on the Labubu mania. Details here.

Wang Ning, founder of Pop Mart, has become China’s 10th richest man as the toy maker’s Labubu dolls take the world by storm, boosting his net worth to US$22.7 billion.

Ning—who is the founder, chairman and CEO of Pop Mart International Group, the company behind Labubu—has a jaw-dropping net worth estimated to be $22.1 billion, according to Forbes.

Pop Mart’s annual results show that the company’s global gross profit surged by over 125% last year, while its revenue in mainland China reached more than $1.09 billion, 34% higher than 2023.

Pop Mart’s first Labubu key-ring series, called the Exciting Macaron, was released in October 2023. Each time a new Labubu has been released, it has sold out within minutes online.

Chinese designer toy powerhouse Pop Mart reported a 165% to 170% year-on-year increase in total revenue for Q1 2025, fueled by strong overseas demand and a maturing global footprint. The company’s ...