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Billionaire Profile
Ma Bin & family
Global Rank
#2145

Image: Filo gèn' | CC BY-SA 4.0 | via Wikimedia Commons

Ma Bin & family

CEO, Manufacturing
Nantong, China
Real-Time Net Worth
$1.95B
Estimated based on Manufacturing stock value as of September 10, 2026
-3.1% (24h)
Age
55
Source
Manufacturing
Industry
Manufacturing
Citizenship
China

Biography

Ma Bin is the founder of Jiangsu Shemar Electric, a prominent Chinese manufacturer of power equipment. At 55 years old, he is a self-made billionaire with an estimated net worth of $2.5 billion. His career has been marked by his founding of the company in 1996 and its subsequent listing on the Shanghai Stock Exchange in 2019. Jiangsu Shemar Electric has expanded its global footprint, with products used in 100 countries and regions. Ma stepped down as chairman in 2025, passing the role to his daughter.

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Data Updated
Sep 10, 2026
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Wealth Over Time

Net Worth History

YearNet Worth
2026$1.95B
2025$2.40B
2024$2.50B

In-Depth Profile

Early Life

Information regarding Ma Bin's early life is limited. He was born in China and is currently 55 years old. His primary source of wealth stems from his involvement in the manufacturing sector.

Rise to Success

Ma Bin founded Jiangsu Shemar Electric in 1996, a company specializing in power equipment used in transmission substations and distribution systems. He took the company public on the Shanghai Stock Exchange in 2019. The company's products are utilized in 100 countries and regions, with manufacturers like Hitachi ABB, GE, and Siemens using its products. In 2023, Shemar expanded into the U.S., establishing a subsidiary in Memphis, Tennessee.

Key Business Strategies

Ma Bin's key strategy revolved around building a successful manufacturing business. He focused on producing power equipment and expanding the company's reach globally. A major milestone was the company's initial public offering (IPO) on the Shanghai Stock Exchange, which allowed for greater investment and expansion. The establishment of a U.S. subsidiary further broadened the company's global presence.

Philanthropy

No specific philanthropy information was found for Ma Bin. Additional search did not yield any further details.

Career Milestones

1996

Founded Jiangsu Shemar Electric

Established a manufacturing company specializing in power equipment.

2019

IPO on Shanghai Stock Exchange

Took Jiangsu Shemar Electric public, enabling further investment and expansion.

2023

Expanded into the U.S.

Established a subsidiary in Memphis, Tennessee, growing the company's global footprint.

2025

Stepped Down as Chairman

Transferred the role of Chairman to his daughter, Ma Cheng.

Billionaires Connected to Ma Bin & family

Peers in Manufacturing

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Richest in China

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Adjacent Global Ranks

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Frequently Asked Questions

What is Ma Bin & family's net worth in 2026?
As of 2026, Ma Bin & family's estimated net worth is $1.947 billion, ranking #2145 among the world's billionaires. The estimate is based on publicly available shareholding data and market prices, updated daily.
How did Ma Bin & family make their money?
Ma Bin & family's wealth primarily comes from Manufacturing, most notably through Manufacturing.
Where is Ma Bin & family from?
Ma Bin & family is from China.
How old is Ma Bin & family?
Ma Bin & family is 55 years old.

Sources & References

  1. Ma Bin & family — Forbes profile — Forbes