LeaderPortfolio
Shugen
Xu Shugen
Rank #2145
CHINAConstruction & EngineeringConstruction, mining machinery

Xu Shugen

Net Worth
$1.917B
-4.96% (24h)
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.

How to read Xu Shugen's profile

Public net-worth figures are estimates. They combine observable inputs—typically listed equity, disclosed transactions, and market prices—with editorial judgment where filings are incomplete (for example, private holdings, debt, or cross-holdings). For Xu Shugen, we anchor the narrative to Construction and Construction, mining machinery, then update the headline number as markets move. The chart on this page is meant to show trajectory, not a certified balance sheet.

When you see $1.917B alongside global rank #2145, interpret it as our best synthesis of widely cited ownership and price signals—not a claim about cash on hand. Estimates can diverge from other publishers because of different treatment of options, trusts, charitable vehicles, or illiquid assets. We document the general approach in methodology and welcome corrections via corrections.

Country (CHINA) and career milestones on this page are curated for reader context; they should be verified against primary sources when used for research. Editorial metadata for this profile is refreshed on a rolling basis, with deeper audits at least annually (last noted cycle: 2026).

Looking for depth? When available, the dossier and timeline sections below add long-form context beyond the headline number—prioritize those modules when evaluating claims about strategy, controversies, or philanthropic commitments.

The Full Dossier

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 Timeline

2016

Selected as one of the Most Influential People

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

2015

Zhejiang Dingli Machinery IPO

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

2005

Founded Zhejiang Dingli Machinery

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

Key Business Ventures & Holdings

CompanyStakeValue
Zhejiang Dingli Machinery

Net Worth History

In-Depth Analysis

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.

Data Sources & Methodology

Figures for Xu Shugen are synthesized from the sources below and cross-checked against our net worth methodology. Estimates may lag market moves; see corrections to report discrepancies.