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Pop Mart Founder Wang Ning’s Net Worth Drops $6 Billion As Labubu Demand Cools
Forbes·2025-09-15 16:41

Labubu dolls on display at a Pop Mart International Group Ltd. store in Shanghai, China.Raul Ariano/BloombergWang Ning, the founder of Chinese toy maker Pop Mart International Group, has seen his net worth plummet by almost 6billioninlessthanamonth–asthelatesteditionofthecompany’sLabubuseriesofdollsseemstobelosingsometractioninmainlandChina.The38−year−oldchairmanandCEOnowhasanetworthof6 billion in less than a month – as the latest edition of the company’s Labubu series of dolls seems to be losing some traction in mainland China.The 38-year-old chairman and CEO now has a net worth of 21.6 billion largely based on a company stake, according to Forbes estimates. The am ...