India, July 16 -- Pop Mart founder, chairman and CEO Wang Ning, born in 1987 in Huojia County, Henan, made history in June 2025 by not only becoming the 10th richest billionaire in China by net worth, but also the youngest in the top 10. And guess what sets him apart from nearly all other billionaires in the world? It's his toy business that's behind his loaded bank account.

Hardly anyone can imagine a toy company, especially one that makes plush dolls, turning its founder into one of the richest people on earth. But that is what has happened in Wang's case, and he, possibly, has to thank the Labubu craze for that.

A 2009 advertising graduate from Sias University, Wang founded Pop Mart in 2010. The share price of his company, listed at ...