Did you know Labubu dolls began as a simple doodle in Hong Kong-born artist Kasing Lung’s sketchbook? What started as a sketch soon exploded into a global pop culture phenomenon after the character was brought to life by Wang Ning’s company, Pop Mart.
The quirky, mischievous-looking doll was a cute blind-box toy that quickly evolved into a cultural craze, making Wang Ning the youngest billionaire in China’s top 10, and his fortune has skyrocketed in just a year. The 38-year-old’s net worth quadrupled from 7.59 billion dollars in 2024 to 22.1 billion in June 2025,
The Labubu fever has swept Asia, Europe, and the U.S., with people spending a fortune on a single doll. Not long ago, the human-sized version of this toothy monster figurine was sold for a whopping 1.08 million Yuan ($150,275.51), which was valued at more than ₹1.2 crores by a Beijing auction house.
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