Wang Ning (businessman)

Wang Ning (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 February 2026, Wang has an estimated net worth of US$19.6 billion, according to Forbes.[2]

Early life and education

Wang was born in 1987 in Huojia County, Henan, China. His parents ran a small commerce business.[3]

He was 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.[4]

Career

After graduating in 2009, Wang worked a year at Sina Corporation.

Taking inspiration from Gashapon vending machines in Japan, Wang founded Pop Mart in 2010 as a variety store in Zhongguancun, Beijing.[5] 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.[7]

As of December 31, 2024, Wang held approximately 48.73% of Pop Mart’s issued shares through controlled corporations and a trust.[8]

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.[9] As a result, Wang became China's 10th richest individual in June 2025.[10]

See also

• Pop Mart