How Labubu frenzy made its founder Wang Ning China’s youngest billionaire

How Labubu frenzy made its founder Wang Ning China’s youngest billionaire

Wang Ning, founder of toy maker PopMart, the company behind Labubu dolls, is one of China’s youngest billionaires. The 38-year-old is now among the country’s top 10 richest people, with a net worth of $22.7 billion, rubbing shoulders with founders of companies like Tencent, ByteDance and Nongfu

Wang Ning, the founder of Pop Mart International Group, is now one of China’s wealthiest individuals, all thanks to the skyrocketing popularity of Labubu dolls across Asia, Europe, and the US. Image courtesy: PopMart