2004 China Retail Rich List
methodology:
Valuing the wealth of China’s Rich is as much an art as it is a science. Our team of researchers has travelled the length and breadth of the country cross-checking information with entrepreneurs, retail industry experts, journalists, bankers, and regulators, as well as previous years’ databases. The cut-off date for valuation of listed companies was September 10. For non-listed companies we valued by comparing them with their listed equivalents using industry P/E ratios.
EuromoneyChina excluded wealth created from industries other than retail. Huang Guangyu, for example, has a further US$100 million generated from property, which we have not included in the Retail Rich List.
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