Large language models (LLMs) exhibit systematic preferences for well-known entities, a phenomenon often attributed to popularity bias. However, the extent to which these preferences reflect real-world popularity versus statistical exposure during pretraining remains unclear, largely due to the inaccessibility of most training corpora. We provide the first direct, large-scale analysis of popularity bias grounded in fully observable pretraining data. Leveraging the open OLMo models and their complete pretraining corpus, Dolma, we compute precise entity-level exposure statistics across 7.4 trillion tokens. We analyze 2,000 entities spanning five types (Person, Location, Organization, Art, Product) and compare pretraining exposure against Wikipedia pageviews and two elicited LLM popularity signals: direct scalar estimation and pairwise comparison. Our results show that pretraining exposure strongly correlates with Wikipedia popularity, validating exposure as a meaningful proxy for real-world salience during the training period. More importantly, we find that LLM popularity judgments align more closely with exposure than with Wikipedia, especially when elicited via pairwise comparisons. This alignment is strongest for larger models and persists in the long tail, where Wikipedia popularity becomes unreliable. Overall, our findings demonstrate that popularity priors in LLMs are primarily shaped by pretraining statistics rather than external popularity signals, offering concrete evidence that data exposure plays a central role in driving popularity bias.