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1838
In the world today
Xu Shugen

Xu Shugen

X. Shugen
-0.14% | - $-3.12M
$2.26 B ₹ 20,600 Cr
Real Time Net Worth #1838 Ranking as of 21 Feb 2026 By Forbes

More on Xu Shugen

Gender

Male

Age

60Y

Country

China

Born On

January, 1966

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Manufacturing)

Primary Organization

Zhejiang Dingli Machinery

Titles

Founder & Chairman

Sources of Wealth

Machinery

Industry

Manufacturing, Construction

About Xu Shugen


X u Shugen is the founder and chairman of Zhejiang Dingli Machinery, China's largest manufacturer of aerial work platforms (AWPs) and industrial lifts. He established the company in 2005 in Deqing, Zhejiang province, identifying a gap in the market for safe and efficient high-altitude work equipment. Under his leadership, Dingli has grown into a global brand, exporting its scissor lifts, boom lifts, and vertical lifts to over 80 countries.

Xu has emphasized innovation and international standards, allowing Dingli to compete with established Western rivals. The company listed on the Shanghai Stock Exchange in 2015. Xu runs the business with family involvement; his brother, Xu Zhilong, serves on the board. His success reflects the modernization of China's industrial and construction sectors.

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Quick Reads


Early Life and Background


Xu Shugen is a Chinese businessman, the founder and chairman of Shanghai-listed Zhejiang Dingli Machinery (SHA: 603338).

Founded in 2005, Dingli is a specialized manufacturer of industrial lifts. Xu's brother, Xu Zhilong, serves as a board member, maintaining a strong family presence in the company's governance.

  • Core Company: Zhejiang Dingli Machinery (Industrial lifts).
  • Founding: Founded in 2005.
  • Products: Manufactures industrial lifts.

Career Journey of Xu Shugen


Xu Shugen's career is defined by his successful establishment and scaling of an industrial equipment manufacturer. His structural achievement is tied to founding Zhejiang Dingli Machinery and focusing its production on industrial lifts, essential equipment for construction and logistics.

He continues to lead the publicly listed company as Chairman, with his brother Xu Zhilong serving on the board.

  • Family Governance: Brother Xu Zhilong is a board member.

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Xu Shugen's Timeline


2005:

Founded Dingli Machinery.

Ongoing:

Continues as Founder and Chairman; brother Xu Zhilong is a board member.

Major Business Ventures and Investments


Xu Shugen's wealth is concentrated in his founding equity and continued leadership of the publicly traded industrial manufacturer, Zhejiang Dingli Machinery.

  • Zhejiang Dingli Machinery (Founder & Chairman): Manufacturer of industrial lifts.
  • Founding: Founded in 2005.
  • Sector Focus: Industrial machinery, heavy equipment, and manufacturing.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the founder and chairman of Shanghai-listed Zhejiang Dingli Machinery.
  • Dingli manufactures industrial lifts and was founded in 2005.
  • His brother, Xu Zhilong, is a board member.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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