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POP MART Founder Wang Ning Becomes Richest Person in Henan Province

POP MART Expansion Helps Wang Ning Become Henan’s Wealthiest Person
POP MART Founder Wang Ning Becomes Richest Person in Henan Province, China

The POP MART craze ain’t slowing down—and neither is Wang Ning’s bank account.

If you’ve ever queued up for a Labubu or scrambled for a blind box drop, congrats—you’ve helped make Wang Ning, the founder and CEO of POP MART, the wealthiest person in China’s Henan province.

Yep, Forbes recently spilled the tea: Wang Ning's net worth just jumped by a whopping US$1.4 billion, bringing his total estimated fortune to US$21.7 billion. Not bad for a 38-year-old who turned mystery toys into a global business empire.

From underground hype to global pop cult

Forbes Lists POP MART’s Wang Ning as Henan’s Richest Businessman

Wang Ning kickstarted POP MART back in 2010, and it’s been riding the collectables wave ever since. The brand found gold in the idea of blind boxes—those surprise-packed figurines that people now queue hours for or trade like rare currency online.

But the real game-changer? That would be Labubu. Designed by Hong Kong artist Kasing Lung in 2015 and brought to life under POP MART in 2019, the quirky character now has a cult following across Asia. 

POP MART Founder Wang Ning Leads Wealth Rankings in Hunan

Once BLACKPINK’s Lisa was spotted with a Labubu keychain dangling off her designer bag, it sparked a tidal wave of demand from fans across Southeast Asia, Japan, Korea, and beyond.

Alongside Labubu, POP MART’s figurine fam includes heavy-hitters like Dimoo, Skullpanda, Molly, and the newly rising Hirono—each with their own fanbase, resale market, and dedicated drop schedules.

POP MART goes global: Malaysia gets 7 outlets (and counting!)

POP MART Power Play: Wang Ning Now Henan’s Billionaire Kingpin!

What started out as a niche obsession in Chinese shopping malls has gone fully international. POP MART now boasts over 500 physical stores globally, with 100 outlets outside China—and more opening every few months. Malaysia’s in on the hype too, with seven stores, including Southeast Asia’s largest flagship at The Exchange TRX.

But here’s the kicker: Wang Ning revealed that by the end of 2025, international sales might actually overtake domestic Chinese revenue. That’s a huge shift, considering how competitive and trend-sensitive the mainland toy scene is.

Wang Ning’s next move?

Wang Ning’s Net Worth Hits US$21.7 Billion Following POP MART’s Global Boom

With new launches every month and high-profile artist collabs rolling in like a conveyor belt, POP MART isn’t slowing down anytime soon. Limited-edition drops sell out in minutes, resale prices skyrocket, and fans are building entire Instagram pages just to show off their pulls.

And if Wang Ning’s current track record is anything to go by, his net worth might be due for another spike very, very soon.

TL;DR – Wang Ning's Doll Dynasty

  • Wang Ning, 38, is now Henan’s richest person, worth US$21.7 billion

  • Founded POP MART in 2010; listed in HKEX in 2020

  • Flagship figurines include Labubu, Dimoo, Skullpanda, Molly

  • BLACKPINK’s Lisa helped spark Labubu’s overseas boom

  • Operates 500+ stores, including 100 international

  • Malaysia has 7 outlets, including biggest in SEA

  • Global sales may surpass China by end of 2025

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