Here’s what you need to know about Wang Ning and how he started the Labubu's parent toy company Pop Mart that’s worth billions.

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.

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CEO adds $1.6 billion to fortune According to an April 2025 Forbes report, Wang Ning became $1.6 billion richer in a single day thanks to his company’s soaring popularity in the United States.

Wang Ning saw his wealth surge almost three fold this year, thanks to strong investor demand for the initial public offering of his Pop Mart International Group.

Wang: In 2020, I said that if there would be a Chinese company that most resembled Disney in five years' time, it would definitely be Pop Mart. Since last year, however, our aspiration has shifted.

Wang: In 2020, I said that if there would be a Chinese company that most resembled Disney in five years' time, it would definitely be Pop Mart. Since last year, however, our aspiration has shifted.