2008 China Rich List
Valuing the wealth of China’s richest is as much an art as it is a science. Sure, we have missed some people, but we believe the Hurun Rich List is the most serious attempt to identify China’s top entrepreneurs and to measure their holdings. Our team of researchers has - for the tenth year running - traveled the length and breadth of the country cross-checking information with entrepreneurs, industry experts, journalists, bankers, and regulators, as well as previous years’ databases. The cut-off date for valuation of listed companies was 1 September 2008. The exchange rate used for US$ was RMB 6.8. For non-listed companies, we valued by comparing them with their listed equivalents using prevailing industry Price/Earning ratios. This list relates to Mainland Chinese only, defined as someone born and brought up in Mainland China, no matter what passport they might hold today.
