Ma Bin & family (#1724)
- $ 2 B
- manufacturing
- China
- M
- 55 Years
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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.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Ma Bin & family’s rise and global influence.
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.
Current Net Worth: $2.4B
(May 4, 2026)
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