Pop Mart’s Wang Ning amasses over HK$200 bln, adding HK$600 mln a day in 2025

Pop Mart International (9992) founder and chief executive Wang Ning has seen his fortune swell to over HK$200 billion, placing him 86th on the Bloomberg Billionaires Index, as shares of the Chinese toymaker have soared on feverish demand for its Labubu dolls.

Pop Mart shares have jumped more than 250 percent in 2025.

Wang, who owns nearly half of Pop Mart, added about US$19 billion (HK$148.2 billion) to his net worth since the start of the year — equivalent to roughly HK$600 million a day — bringing his wealth to 2.5 times its previous level.

His gain is the largest in China and the ninth-biggest worldwide this year, trailing only tech moguls including Meta founder Mark Zuckerberg, Nvidia cheif executive Jensen Huang and Google co-founder Larry Page.

The company’s new Mini Labubu blind box collection, priced at HK$1,330 per set, sold out online within one minute of its Thursday launch.

Each set features 14 regular figures with a hidden edition with odds of one-in-168.

STAFF REPORTER