How Labubu Made Wang Ning One of China’s Richest People

Post by : Bandanpreet Kaur

Photo: Instagram

In the world of toy collections, one amazing story stands out—how a small monster doll named Labubu helped Wang Ning become one of China’s richest people. At just 38 years old, Wang Ning is now worth $22.7 billion (Dh83.36 billion), all thanks to this funny-looking toy with big teeth and pointy ears.

Labubu is not just a regular toy—it’s part of Pop Mart’s “Monsters” series and has become a worldwide craze. This cute but mischievous monster has fans in many countries and has helped Wang Ning grow Pop Mart into a huge global brand.

The Rise of Labubu

In 2024, Pop Mart’s “Monsters” series, which includes Labubu, made 3 billion yuan ($419 million)—a shocking 726.6% increase from the previous year! One day, Wang Ning’s personal wealth went up by $1.6 billion, showing just how powerful this little toy has become.

Pop Mart’s Big Success

Wang Ning's success comes from understanding what people enjoy buying. In 2024, Pop Mart's net profit went up by 188%, and total sales doubled to around 13 billion yuan ($1.8 billion).

The company also grew quickly in other countries. In the U.S., Pop Mart sales increased by 900%, and in Europe, they grew by 600%. Total sales from outside China reached 5 billion yuan, which is five times more than before.

Celebrities and Pop Culture

Part of Labubu’s fame came from celebrities. Stars like Lisa from BLACKPINK and Rihanna supported the toy, making it even more popular. At a Beijing auction, a life-size Labubu sold for over $170,000—that’s more than the cost of a luxury car!

Why People Love Labubu

Pop Mart sells toys in “blind boxes,” so buyers don’t know which toy they’ll get. This surprise makes shopping fun and exciting, like a game. It makes people curious and happy, and they want to buy more to collect the full set. This clever idea has helped the brand grow very fast.

A Young Billionaire’s Journey

Wang Ning is now the youngest billionaire among China’s richest people. He is part of a group that includes ByteDance founder Zhang Yiming, Nongfu Spring's Zhong Shanshan, and Tencent’s Ma Huateng. Wang’s success shows how a fun and unique idea can turn into a global business.

What’s Next for Labubu and Pop Mart

Labubu's popularity keeps growing across the world. Wang Ning’s journey proves that even a funny monster doll can touch people’s hearts and create a billion-dollar company. For kids, toy lovers, businesspeople, and investors, this is a perfect example of how creativity and smart ideas can lead to huge success.

Wang Ning’s story is inspiring. It shows that with a little fun, imagination, and smart thinking, you can build something that millions of people love—and become a billionaire along the way.

Labubu doll