Rank #1828
Ma Bin & family
Net worth $2.3B
manufacturing · China
- Born
- Jan 01, 1971
- Age
- 55
- Source
- manufacturing
- Residence
- Nantong, Jiangsu
- Citizenship
- China
- Marital status
- Married
- Children
- 0
- Education
Net worth over time
Biography
- Ma Bin is the founder of Jiangsu Shemar Electric, a manufacturer of power equipment used in transmission substations and distribution systems. He stepped down as chairman in July 2025 and was succeeded by his daughter, Ma Cheng.
- Ma, who founded the company in 1996, took it public on the Shanghai Stock Exchange in 2019.
- In 2023, Shemar expanded into the U.S. and established its first subsidiary in Memphis, Tennessee.
- Today the company's products are used in 100 countries and regions through manufacturers including Hitachi ABB, GE and Siemens.
Financial assets
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