‘Ugly-cute’ Labubu doll craze places Pop Mart CEO Wang Ning among China’s richest, is worth $22.7 bn

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Labubu, the quirky “ugly-cute” doll, has become an internet sensation and a favourite among celebrities, igniting a new wave of fashion trends. From Rihanna and BLACKPINK’s Lisa to Ananya Panday, stars around the world have been spotted showing off their Labubu dolls. Amid the global craze, Wang Ning, CEO of Pop Mart International Group, has now become one of China’s ten richest individuals, according to Forbes’ Real-Time Billionaires List. His net worth is now estimated at a staggering $22.7 billion, primarily due to his stake in Pop Mart. Created by Hong Kong artist Kasing Lung, the creation first entered the...