LABUBU’S MASTERMIND BECOMES WEALTHIEST HENAN RESIDENT
Wang Ning, founder, Chairman and CEO of Pop Mart International Group, became the wealthiest person in Henan Province in early June, with a net worth of $20.3 billion.
Wang, 38, founded the toy company, which specializes in designer toys, collectibles and blind box products, in 2010.
Initially a small retail store selling toys, stationery and lifestyle products in Beijing, Pop Mart grew into a global phenomenon and went public on the Hong Kong Stock Exchange in 2020, boasting a market value of over $45.5 billion as of June 12.
The company partners with artists to create different lines of toys. Best-selling series include Dimoo, Molly and Skullpanda. The recent hit plush monster doll Labubu, known for its playful and mischievous charm, has become a…
