Entertainment
Labubu Maker, Pop Mart CEO Wang Ning Internet Value Revealed
Labubu is securing the bag—in additional methods than one.
As gross sales of the toy proceed to skyrocket, Mart’s Wang Ning is cashing in on a staggering, 10-digit revenue.
Ning—who’s the founder, chairman and CEO of Pop Mart Worldwide Group, the corporate behind Labubu—has a jaw-dropping internet value estimated to be $22.1 billion, according to Forbes. And that quantity has solely elevated within the final 12 months, with Ning’s internet value estimated to be $1.8 billion on the finish of 2024.
And sure, Labubu deserves a whole lot of credit score right here. Whereas the toy was launched in 2015 in artist Kasing Lung’s The Monsters e book, the important thing ring didn’t really hit Pop Mart cabinets till 2023.
After which got here Blackpink’s Lisa, who revealed that the nine-toothed, furry monsters have been her “secret obsession.”
“If I fly to New York, I am going to Miami, I attempt to discover Pop Mart there,” she stated a 2024 video interview with Vanity Fair, “Paris, in all places. Type of like discovering treasure.”