Archive · 16 Sep 2025
Pop Mart Founder's Fortune Drops Amidst Labubu Demand Dip
Pop Mart, the company that makes the popular Labubu dolls, is seeing its stock price and the founder's wealth decrease.
This is because the dolls, once extremely popular, are now less in demand.
This has caused the founder, Wang Ning, to lose billions of dollars in a month.
Despite the recent drop, the stock is still up a lot this year, and Pop Mart plans to release new versions of Labubu to boost sales.
Pop Mart founder Wang Ning's net worth has decreased by $6 billion in a month.
Pop Mart's stock has dropped over 20% since August 28.
Demand for Labubu dolls is declining, especially in mainland China.
Resale prices of Labubu dolls have fallen.
Pop Mart plans to release new Labubu versions.
- Who
- Pop Mart, Wang Ning, investors, analysts
- What
- Demand for Labubu dolls is declining, leading to a drop in Pop Mart's stock price and Wang Ning's net worth.
- When
- Since late August; ongoing
- Where
- Mainland China, Hong Kong Stock Market
- Why
- Decline in demand for Labubu dolls
Concerned Analysts
Pop Mart
Demand
Concerned Analysts
Demand is falling which is reflected in decreased secondary market prices.
Pop Mart
Pop Mart states the falling prices are because of increased production to meet the original demand.
Company Performance
Concerned Analysts
The company valuation may be too high and will lead to underperformance.
Pop Mart
Pop Mart's stock is still doing very well (YTD).
- Company
- Pop Mart
- Founder
- Wang Ning
- Net Worth Drop
- $6 billion in a month
- Current Net Worth
- $21.6 billion
- Stock Decline Since August 28
- 20%
- Labubu Retail Price
- 79 yuan (approx. $11)
- Resale Price of Latest Labubu
- Approx. 150 yuan
- Stock Performance (YTD)
- Up 180%
