Ma Bin & family have a net worth of $1 billion. He is the chairperson of Jiangsu Shemar Electric which makes power equipment products like those used in distribution and transmission substations.
Man Bin established Shemar Electric in 1996 and took it public on Shanghai Stock in 2019.
Shemar expanded into the United States of America in 2023 where it established its first subsidiary in Memphis, Tennessee.
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