Ma Jianrong Biography
Ma Jianrong is the chairman of Shenzhou International Group Holdings Limited and a billionaire Chinese knitwear and textile manufacturer.
How old is Ma Jianrong? – Age
He is 58 years old as of 2023. He was born in 1965 in Shaoxing, Zhejiang Province, China
Ma Jianrong Family- Parents
He was born and raised in Shaoxing, Zhejiang Province, China, the son of Baoxing Ma is his father. Huang Guanlin, his brother-in-law, is Shenzhou’s general manager and executive director.
Ma Jianrong Wife- Married
Ma is happily married and the couple resides in Ningbo, Zhejiang Province, China.
Ma Jianrong Shenzhou International Group -Career
Ma senior relocated to Ningbo and was appointed deputy manager of the Shenzhou plant, a new textile facility established by the local government in the late 1980s. Ma Jianrong, like his father before him, began his career as an apprentice when he was 13 years old. He began working in Shenzhou’s knitting and weaving department in 1990. The textile industry in Zhejiang was in decline at the time. As state support dried up, the Ma family gradually took over the losing plant and shifted Shenzhou’s focus to partnering with mid-tier Japanese clothing firms.
In the late 1990s, Ma junior took over as CEO and believed that contract manufacturing on a large scale was Shenzhou’s strongest suit. While larger textile companies like Weiqiao expanded into other industries like real estate, Shenzhou remained focused on producing fast-fashion for international brands. Shenzhou has been able to gain the trust of international brands looking to outsource their manufacturing processes because to this technique. The company went public in Hong Kong in 2005 and has since grown to become the world’s largest integrated knitwear manufacturer.
According to Forbes magazine, its contracts are massive, accounting for 12 percent of garment procurement from Nike and Adidas, 14 percent from Uniqlo, and 30 percent from Puma. Shenzhou’s market value has increased by more than 16 times since its IPO, and Forbes estimates Ma’s net worth at $4.3 billion, making him China’s 39th richest man. Zhejiang has long been a key textile manufacturing base, but the province has become too expensive for Shenzhou, which has relocated parts of its production to Southeast Asia, investing $300 million in plants in nations like as Vietnam.
Ma Jianrong Net Worth
He has an estimated net worth of $9.3 billion. She is ranked #39 on Forbes China Rich List. Forbes assessed his net worth to be $5.7 billion in November 2017.