Pop Mart founder and CEO Wang Ning became one of the 10 richest billionaires in China by net worth riding on the Labubu mania. Details here.

Ning—who is the founder, chairman and CEO of Pop Mart International Group, the company behind Labubu—has a jaw-dropping net worth estimated to be $22.1 billion, according to Forbes.

But it was Labubu that rocketed Pop Mart and Wang to the stratosphere. Wang is now China's 10th richest man with a net worth of $22.7 billion, according to Forbes' Real-Time Billionaires List.

Wang: In 2020, I said that if there would be a Chinese company that most resembled Disney in five years' time, it would definitely be Pop Mart. Since last year, however, our aspiration has shifted.

Wang: In 2020, I said that if there would be a Chinese company that most resembled Disney in five years' time, it would definitely be Pop Mart. Since last year, however, our aspiration has shifted.