Man behind viral Labubu dolls now China's 10th richest person

Chinese toy maker Pop Mart's CEO Wang Ning, the man behind viral Labubu dolls, has now become the 10th richest individual in China, according to Forbes' Real-Time Billionaires List. With a net worth of $22.7 billion, the 38-year-old is now the youngest among China's top ten billionaires. Pop Mart revealed a 170% year-on-year growth in Q1 sales of 2025.