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Billionaire Profile
Xu Shugen
Global Rank
#2144

Image: Unsplash Contributor | Unsplash License | via Unsplash

Xu Shugen

CEO, Construction
CHINA
Real-Time Net Worth
$1.963B
Estimated based on Construction stock value as of April 20, 2026
-1.36% (24h)
Age
60
Source
Construction, mining machinery
Industry
Construction & Engineering
Citizenship
CHINA

Biography

Xu Shugen is a prominent Chinese businessman and the founder and chairman of Zhejiang Dingli Machinery, a leading manufacturer of aerial work platforms and industrial lifts. At 60 years old, Xu's wealth source is rooted in the construction and mining machinery industry. His career highlights include establishing Dingli in 2005 and transforming it into a global brand. His achievements are recognized by his selection into the 2016 100 Most Influential People in China Construction Machinery Industry. His net worth is estimated at $2.3 billion, showcasing his significant influence in the manufacturing sector.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Xu Shugen, a Chinese businessman, founded Zhejiang Dingli Machinery in 2005 in Deqing, Zhejiang province. Xu identified a gap in the market for safe and efficient high-altitude work equipment, demonstrating early business acumen and foresight.

Rise to Success

Under Xu's leadership, Zhejiang Dingli Machinery has grown into a global brand, exporting its aerial work platforms to over 80 countries. He emphasized innovation and adhered to international standards to compete with established Western rivals. Dingli's listing on the Shanghai Stock Exchange in 2015 further solidified his success.

Key Business Strategies

Xu's business strategies focus on the industrial equipment manufacturing sector. His company, Zhejiang Dingli Machinery (SHA: 603338), manufactures industrial lifts. Xu's brother, Xu Zhilong, serves as a board member, maintaining a strong family presence within the company.

Philanthropy

Information on Xu Shugen's specific philanthropic activities is not readily available through public sources.

Career Milestones

2005

Founded Zhejiang Dingli Machinery

Established Zhejiang Dingli Machinery, a manufacturer of aerial work platforms and industrial lifts.

2015

Zhejiang Dingli Machinery IPO

Led Zhejiang Dingli Machinery to be listed on the Shanghai Stock Exchange.

2016

Selected as one of the Most Influential People

Was selected as one of the 100 Most Influential People in China Construction Machinery Industry.

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