Did you know that Labubu dolls started as a simple sketch in the design block of artist Kasing Lung, born in Hong Kong?
This simple sketch soon evolved into a global pop culture phenomenon, as Wang Ning’s company Pop Mart gave life to this character.
The peculiar doll quickly evolved from a cute game into cultural madness, making Wang Ning the youngest billionaire in the top ten of China, with his fortune being launched in just a year.
38 -year -old’s net property was quadrupled from $ 7.59 billion in 2024 to 22.1 billion in June 2025, According to the Forbes real -time billionaire list.
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Labubu’s fever has scanned Asia, Europe and the US, with people spending a property for a single doll. Some time ago, the human version of Labubu was sold for the impressive amount of 1.08 million yuan (150,275.51 dollars), which was valued In more than 1.2 million rupees From a auction house in Beijing.
Doll’s popularity has made Wang the 10th richest man in China And the newest member of the richest people in the country, including the founder of Tiktok, Zhang Yiming, Xiaomi’s Managing Director Lei Jun, NongFu Spring founder, Zhong Shansha and others.
Labubu dolls are velvety toys and figures based on a character from The Monsters series, created by artist Kasing Lung, born in Hong Kong. Inspired by the Scandinavian fairy tales, the popularity of the tiny elf was ejected when Lisa from the K-Pop Blackpink band was seen with one. What followed was a frenzy of celebrities showing the doll, including Kim Kardashian, Rihanna, Dua Lipa and others.
Source :Skai
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
