BillionaireNet
Shugen
X
Rank #1795
CHINAConstruction & EngineeringConstruction, mining machinery

Xu Shugen

Net Worth
$2.199B
-2.55% (24h)
Xu Shugen is the founder and chairman of Zhejiang Dingli Machinery, a leading manufacturer of industrial lifts. With an estimated net worth of $2.1 billion as of December 16, 2025, Xu's wealth stems from his ventures in the construction and mining machinery sector. At 60 years old, he has steered Dingli to become a prominent player in the global market, focusing on innovation and high-quality products. Xu's career has been marked by strategic investments and a commitment to research and development, which has positioned Dingli as a leading enterprise in the Chinese aerial work platform industry.

The Full Dossier

Early Life and Career

Xu Shugen, born in China, is the founder and chairman of Zhejiang Dingli Machinery Co., Ltd.. He established the company in 2005, focusing on the manufacturing of industrial lifts.

Rise to Success

Under Xu's leadership, Zhejiang Dingli has grown into a global leader in aerial work platforms. The company has expanded its presence to over 80 countries and achieved significant growth, making it a leading enterprise in the Chinese aerial work platform industry. Dingli's success is attributed to its focus on high-quality products and strategic investments in technology and innovation. The company has also invested in other manufacturers to enhance its R&D capabilities.

Key Business Strategies

Xu Shugen has implemented key business strategies to drive Dingli's growth, including a modular approach to manufacturing and a focus on the MEWP (Mobile Elevating Work Platforms) sector. Dingli has expanded its global presence by selling its products in Asia, Europe, and the Americas. The company has also established distribution partnerships and made strategic investments in other manufacturers to enhance R&D.

Philanthropy

Specific philanthropy amounts could not be located in the search results.

Career Timeline

2016

Selected as one of the 100 Most Influential People

Recognized in the China Construction Machinery Industry.

2005

Founded Zhejiang Dingli Machinery Co., Ltd.

Established a company focused on manufacturing industrial lifts.

Wealth Trajectory