This Chinese language CEO earned $1.6 billion in 24 hours after his toy grew to become a world sensation | Trending
Could 29, 2025 01:29 PM IST
Pop Mart CEO Wang Ning’s fortune surged by $1.6 billion in a day as a result of reputation of Labubu dolls.
A seemingly innocuous doll has taken the world by storm, inflicting near-riots in shops, turning into a star favorite and including billions to its creator’s fortune. We’re speaking, after all, about Pop Mart’s viral Labubu dolls. With their gremlin-like faces and mischievous smiles, these dolls have change into the most popular accent of the season – they’ve been noticed hanging from the luxurious baggage of celebrities like Blackpink’s Lisa, Rihanna, Singaporean socialite Jamie Chua and – nearer house – Ananya Pandey.
The truth is, the Labubu craze has been such that Pop Mart was pressured to halt the sale of those monster dolls in UK shops following incidents of consumers combating over them, as per a BBC report.
So who’s the person behind these viral dolls? That might be the chairman and CEO of Chinese language toy maker Pop Mart Worldwide Group, Wang Ning.
CEO provides $1.6 billion to fortune
In response to an April 2025 Forbes report, Wang Ning grew to become $1.6 billion richer in a single day due to his firm’s hovering reputation in the US. The Pop Mart app grew to become probably the most downloaded app within the US.
And regardless of commerce tensions between China and the US, People queued up for hours to purchase Labubu dolls.
In response to Forbes, Wang Ning’s real-time internet value stands at $18.7 billion.
Who’s Wang Ning?
Wang Ning is the 38-year-old Chinese language CEO and chairman of Pop Mart Worldwide Group. The toy firm went public in Hong Kong in 2020.
Born in 1987 in Henan province, China, Wang graduated with a level in promoting from Zhengzhou College in 2009, in accordance with Gemway Property.
Pop Mart launched in 2010, promoting small collectible figurines in ‘blind containers’. This blind field technique has been central to its success. Prospects buy sealed containers with out realizing which figurine they may obtain, creating a component of shock and inspiring repeat purchases to finish collections.
