Wang Ning, the visionary behind Pop Mart International Group, has just skyrocketed into China’s top 10 richest people with a jaw-dropping $22.7 billion net worth, all thanks to one adorable, mischievous little toy: Labubu
At just 38, Wang’s rise is being fueled by a global frenzy over Pop Mart’s signature Labubu dolls, which have become the ultimate collectible craze from Beijing to London to New York to Africa.
Pop Mart’s stock has tripled in 2025, now valued at over HK$365 billion, as fans worldwide scramble for the latest Labubu editions — some paying as much as $150,000 (Over 200,000 naira) at auction for a life-sized figure!
Even celebrities like Rihanna, Dua Lipa, and Blackpink’s Lisa are proudly flaunting their Labubu companions, making it a must-have across continents. Many Tit Tokers in Nigeria have also joined the trend, making it even more popular.
In a wild marketing twist, a Chinese bank even handed out Labubu dolls to customers opening high-value accounts, until regulators stepped in.
With soaring international demand, major investment banks like Deutsche Bank and Morgan Stanley are betting big on Pop Mart’s future, pushing their share price targets even higher.
Wang Ning now stands among China’s business titans like Zhang Yiming (ByteDance) and Ma Huateng (Tencent) — but he’s the youngest on the list.
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