Who Is Wang Ning?
Wang Ning is the founder, chairman, and CEO of Pop Mart International Group, the company behind the super popular Labubu doll and other designer toys. Born in China, Wang graduated from Zhengzhou University with a degree in advertising and is a well-known business leader in China. Before starting his own business, he had tried many different entrepreneurial projects. Wang founded Pop Mart in 2010, first selling comics and mobile phone accessories. Then he found the opportunity in the collectible toy market, and that’s how his success story began. He is also one of the youngest successful entrepreneurs in China.
Personal Life
Wang is a Chinese entrepreneur and the founder, chairman, and Pop Mart CEO. While much is known about his professional life and net worth, his personal life, including his wife or kids, is not public. Neither is his religion. He is focused on his business and expanding Pop Mart’s global presence.
The Rise of Pop Mart and Labubu Doll
Pop Mart’s big hit was the blind box toys. The concept quickly won over the hearts of Gen Z in China. Pop Mart’s blind box model adds a surprise element to toy collecting, where customers don’t know which version of the figure they will get until they open the box. This creates hype and high demand among casual buyers and serious gen z collectors alike, and the trend grows and the value of rare items increases.
One of Pop Mart’s most popular products is the Labubu doll. Created by Hong Kong artist Kasing Lung as part of his illustrated series, Labubu first appeared in Lung’s book in 2015, but its commercial journey began in 2023 when Pop Mart licensed the character. Since then, Labubu has evolved from a niche collectible to a global pop culture icon and cultural phenomenon. Its popularity has gone international and to the collector’s market, and Labubu dolls are now highly sought after by collectors all over the world.
The doll’s unique design and strong cultural appeal made it a phenomenon, especially after Blackpink publicly expressed their love for Labubu. Lisa even mentioned in a Vanity Fair interview that she would fly to cities like Miami and Paris to find Pop Mart stores and products, saying it’s like “finding treasure”. Other celebrities like Dua Lipa and Rihanna have also been spotted with Labubu dolls, making it trendy and international. Fans and celebrities find Pop Mart stores all over the world, and Labubu and Pop Mart are now a global phenomenon.
Pop Mart’s Global Expansion
In 2020, it went public on the Hong Kong Stock Exchange and raised a lot of capital to fuel its international expansion. The company expanded rapidly into Japan, Europe, and North America and set up Pop Mart North America as a separate division. Collaborations with global brands like Kaws, Disney, and Harry Potter further cemented Pop Mart’s status by merging collectible art with mainstream pop culture.
CEO of Pop Mart Wang Ning Net Worth
Wang Ning net worth has skyrocketed to $22-23 billion as of mid-2025, according to Forbes and Bloomberg’s real-time billionaires trackers. He is China’s youngest billionaire and one of the youngest billionaires in the world. Wang Ning’s net worth peaked in June 2025. He is now one of China’s youngest billionaires, 38 years old, and one of the richest people in the toy industry, rivaling CEOs of established giants like LEGO and Mattel.
Pop Mart’s revenue streams include IPO proceeds, licensing deals, limited-edition collectible releases, and NFTs, which all contribute to the company’s valuation and Wang’s wealth. Emily Brough, head of licensing for Mart North America, says the growth success stems from Labubu’s global popularity and the company’s blind box model.
Business Milestones Affecting Net Worth
Pop Mart’s annual revenue has gone through the roof, with Labubu, Molly doll series, and Skullpanda being the top selling collections. Labubu alone generated over $419 million in 2024, a 726% year-on-year growth. The stock performance reflects the investor’s confidence; the stock has tripled since the IPO. These milestones have cemented Pop Mart’s position as a giant in the designer toy industry, directly impacting Wang Ning’s wealth.
Investment and Assets
Outside of Pop Mart CEO Wang Ning has invested in luxury real estate and other businesses, but details are private. He is focusing on growing Pop Mart and expanding globally. Wang is one of the top 10 richest people in China. Philanthropy is limited, but his business sense attracts investors and collectors.
Wang Ning China’s Youngest Billionaire vs Other Billionaires in China’s Creative Sector
He is one of the creative sector billionaires in China, along with founders from Tencent, ByteDance, and Alibaba. Unlike tech moguls whose wealth comes from digital platforms, Wang’s wealth comes from cultural products and physical collectibles, a combination of creativity and business strategy in the entertainment and lifestyle industries.
Conclusion – From Toy Boxes to Billions
Wang has redefined the designer toy industry, turned Pop Mart and Labubu into global phenomenon. As Pop Mart continues to innovate and grow, many call him the “Walt Disney” of Asia’s blind box toy industry. With a bright future ahead, his story is proof that creativity and entrepreneurship can make you super rich and influential.
FAQs
How much is Wang Ning worth in 2025?
He is worth $22 to $23 billion in 2025.
Is Wang Ning the creator of Labubu?
No, Labubu was created by Hong Kong artist Kasing Lung. He licensed and popularized the character through Pop Mart.
Who owns Pop Mart?
Pop Mart International Group is listed; he is the founder, chairman, and CEO.
How did Pop Mart succeed?
Pop Mart’s success comes from its innovative blind box business model, popular IPs like Labubu, celebrity endorsements, and global expansion.
Why are Labubu dolls so expensive?
Labubu dolls are expensive because of limited editions, collectibility, celebrity endorsements, and the unique surprise element of Pop Mart’s blind boxes.
