Pop Mart founder now one of the richest people in China because of Labubu

The Labubu frenzy that has gripped people across the world has made the Pop Mart founder really, really rich. 

Just how rich? According to Hypebeast, the CEO, Wang Ning, is now the tenth wealthiest person in China and the country’s youngest billionaire. Both Wang Ning’s personal and company fortune drastically increased in 2024. And that’s largely due to the sensation of the toothy little monsters. The popular keyring series was released in 2023. 

The numbers

In 2024...