Wang Ning | |
|---|---|
王宁 | |
| Born | 1987 (age 37–38) Huojia County, Henan, China |
| Nationality | Chinese |
| Education | Sias University (BA), Guanghua School of Management (MBA), PBC School of Finance (EMBA) |
| Occupation | Businessman |
| Title | Founder and CEO of Pop Mart |
Wang Ning (Chinese :王宁, born 1987) is a Chinese businessman. He is the CEO of Pop Mart, a Chinese toy company he founded in 2010. [1] As of July 2025, Wang has an estimated net worth of US$21.1 billion. [2] [3]
Wang was born in 1987 in Huojia County, Henan, China. His parents ran a small commerce business. [4]
He graduated from Sias University in 2009 with an undergraduate degree in advertising. Wang earned an MBA from Peking University's Guanghua School of Management in 2017. [5]
After graduating in 2009, Wang worked a year at Sina Corporation. [6]
Taking inspiration from Gashapon vending machines in Japan, Wang founded Pop Mart in 2010 as a variety store in Zhongguancun, Beijing. [7] Over the years, he began to develop toy lines in partnership with artists, including the Hong Kong-based Kenny Wong. [6]
In December 2020, Pop Mart went public on the Hong Kong Stock Exchange. [8]
As of December 31, 2024, Wang held approximately 48.73% of Pop Mart’s issued shares through controlled corporations and a trust. [9]
Pop Mart gained widespread attention in 2023 with the popularity of the Labubu toy line, which has since been endorsed by several celebrities, including Blackpink's Lisa. [10] As a result, Wang became China's 10th richest individual in June 2025. [11]