Billionaire Profile
X
Global Rank
#1963

Image: Poppe, Johann Heinrich Moritz von, 1776-1854 | Public domain | via Wikimedia Commons

Xu Shugen

CEO, Construction
CHINA
Real-Time Net Worth
$2.079B
Estimated based on Construction stock value as of March 6, 2026
-0.32% (24h)
Age
60
Source
Construction, mining machinery
Industry
Construction & Engineering
Citizenship
CHINA

Biography

Xu Shugen, a self-made billionaire, is the founder and chairman of Zhejiang Dingli Machinery, a leading Chinese manufacturer of aerial work platforms. Born in 1964, Xu's career has been marked by his acute business intuition, leading Dingli to become a global leader in its industry. With a net worth of $2.1 billion as of February 2, 2026, Xu's journey exemplifies entrepreneurial success in the construction and mining machinery sector. He was awarded "Zhejiang Merchants of the Year 2022".

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Xu Shugen's early life and education is limited in the search results. However, it is known that Xu's business acumen led him to found Zhejiang Dingli Machinery in 2005.

Rise to Success

Xu Shugen's rise to success is primarily attributed to his leadership of Zhejiang Dingli. Under his guidance, the company has expanded its presence to over 80 countries, achieving significant growth. Dingli became the leading enterprise in the Chinese aerial work platform industry and was the first in this sector to be listed on the Shanghai A Shares. Xu's vision has been instrumental in breaking the monopoly of international giants in the industry.

Key Business Strategies

Key business strategies include the expansion of Zhejiang Dingli's presence to over 80 countries. Xu Shugen has also focused on technological advancements and innovation. He has strategically invested in leading manufacturers like Magni (Italy), Teupen (Germany), and MEC (US) to enhance Dingli's research and development capabilities.

Philanthropy

Information on Xu Shugen's specific philanthropic initiatives and amounts is not available in the search results. However, his selection as Zhejiang Merchant of the Year indicates his contributions to the community.

Career Milestones

2005

Founded Zhejiang Dingli Machinery

Xu Shugen founded Zhejiang Dingli Machinery, which manufactures industrial lifts.

2016

Selected as one of the 100 Most Influential People in China Construction Machinery Industry

Xu Shugen was recognized for his impact on the construction machinery industry.

2022

Awarded Zhejiang Merchants of the Year

Xu Shugen was recognized for his contributions to the Zhejiang economy.

Philanthropy & Social Impact

Economic Development

Zhejiang Dingli Contributions

$XB

Through his company, Xu Shugen contributes to the development of the aerial work platform industry.

Business Philosophy & Leadership

Notable Quotes

""Dingli, based in China and embraces the world""

Leadership Principles

Innovation and R&D

Focus on technological advancements and strategic investments in leading manufacturers to enhance Dingli's research and development capabilities.

Global Expansion

Expanding the company's presence to over 80 countries.