Ma Bin & family

Ma Bin & family

Ma Bin & family (#2393)

Global Rank #2393
Country Rank #309
Country China

Ma Bin & family is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 2 B
  • manufacturing
  • China
  • M
  • 55 Years

Snapshot

Quick Facts

Global Rank #2,393
Country Rank #309
Net Worth $1.7B
Previous Worth $1.8B
Worth Change -$0.1B
Country China
Industry manufacturing
Age 55 Years
Gender M
Worth As Of May 4, 2026
Last Refreshed 31 Jul 2026, 12:00 AM
Residence Nantong, China
World Billionaires List China Billionaires manufacturing

Profile Data

Personal Stats

Age 55
Source Of Wealth manufacturing, Self Made
Residence Nantong, China
Citizenship China
Marital Status Married
Net Worth Change -$0.1B -5.6% from previous worth
Previous Net Worth $1.8B
Current Net Worth $1.7B

Worth as of May 4, 2026

About Me

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.

Wealth Growth

Net Worth Growth Over Time

Tracking Ma Bin & family's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $1.7B (May 4, 2026)

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