May 29, 2025 01:29 pm IST
The popularity of Labubu doll increased by $ 1.6 billion in a day in the fate of Pop Mart CEO Wang Ning.
It seems that a spontaneous doll has taken the world from the storm, causing near-roads to the shops, becoming a celebrity favorite and adding billions to the fate of his manufacturer. We are talking about, of course, about the viral lubbu doll of pop mart. With his gramlin -like face and mischievous smile, these dolls have become the hottest accessory of the season – he has been seen hanging from the luxury bag of celebrities like Blackpink’s Lisa, RihannaSingapore’s socialite Jamie Chua and – Closure Home – Ananya Pandey.
In fact, Labubu The craze has been such that according to a BBC report, Pop Mart was forced to stop the sale of these monster dolls in Britain shops.
So who is the man behind these viral dolls? The Chinese toy maker will be the President and CEO of Pop Mart International Group, Wang Ning.
CEO added $ 1.6 billion to luck
According to April 2025 Forbes ReportWang Ning became $ 1.6 billion rich in a single day for its company’s growing popularity in the United States. Pop Mart app became the most downloaded app in America.
And despite the trade tension between China and the United States, Americans queued up for hours to buy Labu Doll.
According to Forbes, Wang Ning’s real -time net value is $ 18.7 billion.
Who is Wang Ning?
Wang Ning is 38 -year -old Chinese CEO and President of Pop Mart International Group. Toy company became public Hong Kong In 2020.
Born in 1987 in Henan Province, China, Wang graduated in 2009 with a degree in advertising from Zhengzhou University, Gemstone assets,
Pop Mart launched in 2010, selling small idols in ‘Blind Box’. This blind box strategy has been central for its success. Customers buy boxes without knowing which statue they will receive, which will create an element of surprise and encourage the purchase of repeating to meet the collection.
