Wang Ning, the CEO and founder of China’s most popular toy company Pop Mart, is now counted among the top rich people. He has joined China’s top 10 youngest billionaires. According to Forbes’ Real-Time Billionaires list, his total wealth has reached $22.7 million.
Wang Ning’s company Pop Mart has gained popularity worldwide due to Labubu doll. It is liked by everyone from small children to youth.
The most special thing about Pop Mart toys is that they sell toys through a strategy called blind box in which the customer does not know which character will come out of the box. This is why people like to buy it again and again and keep trying to complete their collection.
Wang Ning’s thinking and business model have made him one of the billionaires at such a young age. Today Labubu Doll is not just a toy but has become a global brand.
