Labubu Collectible Plush Toys has attracted the demand of consumers around the world, in addition to interesting celebrities and investors, including Kevin O’Leary.
The popularity of the toy helped to stimulate the stock of retailer Pop Mart PopmfPMRty And also the wealth of the founder of the retailer.
See how POPMF shares are currently doing here.
What happened: Labubus has been introduced for the first time and has risen in popularity last year, first in Asia and then in other parts of the world.
With blind bags and labubus with a limited edition, investors and collectors have paid the top dollar to get the character they want.
The demand has helped in 2025 to rise 250% to date.
With a ownership of 48.7% of Pop Mart, founder and CEO Wang Ning has also experienced the rising wealth. The founder of Pop Mart is now worth $ 26.5 billion, according to Bloomberg.
The wealth of Wang has risen $ 18.8 billion in 2025, the ninth biggest profit on an annual basis of one of the richest individuals in the world.
Ranking if the 85one The richest person in the world, Wang’s wealth has risen by $ 7.7 billion by 244.2% in 2024. His position on the Bloomberg ranking ranked 400one to 85one” according to to Business Insider.
Ranking 85one On the list, Wang is now richer than many people in the world, including these names that are probably familiar with investors.
- 99. Peter Thiel
- 103. Stan Kroenke
- 104. John Menard
- 109. David Tepper
- 141. Steve Cohen
- 153. Charles Schwab
- 156. Ray Galio
More profits for Pop Mart Stock will see the wealth of Ning increase.
Also read: Analy says that viral dolls Labubu Boom reflects the ‘lipstick effect’ in anxious expenditure
What is the following: Pop Mart reported the first half of $ 1.9 billion, which was higher than three-year-old year. The operational profit of the company was also triple figures.
The company expects to have a turnover of more than $ 4 billion in the entire year. New growth articles for the company include the expansion of the stores in the US, expand to other markets and the launch of Mini Labubus, as reported by Reuters.
According to the report, Pop Mart wants to expand in the middle -east, Central Europe, Central America and South America.
“I think we are still very positive for foreign markets, and we also believe that there is still a very broad space for growth,” Wang said in August.
Pop Mart has nearly 40 stores in the US, where Wang says that “fast store openings” will take place in the country in the coming two years, including 10 stores that are expected at the end of 2025.
On Thursday the new Mini Labubus went online in China and was sold out fast. The toys will be launched on Friday at retailocations in China and also online in other markets such as the US on Friday.
The new dolls are priced at around $ 11 each in China. In the US, the new dolls will be priced at $ 22.99.
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Photo: Shutterstock
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