Ma Bin & family

CEO, Jiangsu Shemar Electric

Real-Time Net Worth

$1.5B

As of December 2025

Age

Source

manufacturing

Industry

manufacturing

Citizenship

Biography

Ma Bin, at 54 years old, chairs Jiangsu Shemar Electric, a prominent manufacturer of power equipment, and is a member of the Ma family. The family's wealth originates from their involvement in the manufacturing sector, specifically power equipment. Ma Bin founded Shemar Electric in 1996 and took it public in 2019 on the Shanghai Stock Exchange. In 2023, the company expanded into the U.S., establishing its first subsidiary in Memphis, Tennessee. With a self-made background, he's a married Chinese citizen residing in Nantong, China. As of December 4, 2025, the family's net worth is estimated at $1.5 billion.

Wealth Over Time

Portfolio Holdings

Jiangsu Shemar Electric

Unknown•manufacturing

In-Depth Profile

Early Life

Information regarding Ma Bin's early life is limited. However, it's known that he founded Jiangsu Shemar Electric in 1996, indicating his entrepreneurial spirit and ambition.

Rise to Success

Ma Bin's rise to success is closely tied to Jiangsu Shemar Electric. Under his leadership, the company has grown to become a significant player in the power equipment industry. The decision to take the company public in 2019 was a pivotal moment, providing access to capital and fueling further expansion. The expansion into the U.S. market, with a subsidiary in Memphis, Tennessee, in 2023, demonstrates a strategic move to tap into new markets and opportunities.

Key Business Strategies

Key business strategies appear to revolve around the manufacturing of power equipment products, such as those used in transmission substations and distribution systems. Taking the company public allowed for greater growth. Expanding into the U.S. market further indicates diversification.

Philanthropy

There is no publicly available information regarding Ma Bin's specific philanthropic endeavors or the amounts donated.

Career Milestones

1996

Founded Jiangsu Shemar Electric

Ma Bin established Jiangsu Shemar Electric, marking the beginning of his entrepreneurial journey in the power equipment manufacturing sector.

2019

Took Jiangsu Shemar Electric Public

Jiangsu Shemar Electric was listed on the Shanghai Stock Exchange, a major step in expanding the company.

2023

Expanded into the U.S.

Jiangsu Shemar Electric established its first subsidiary in Memphis, Tennessee, signifying a strategic move into a new market.

Philanthropy & Social Impact

Unknown

$XB

No specific philanthropy details were found.