Most of China's super rich buy children education abroad  

胡潤：八成中國千萬富豪送孩子到國外讀書 首選美國

胡潤口中的中國千萬富豪，平均年齡僅38歲(主要集中在31-45歲)，男性占七成，“平均有3輛車，4塊表，每年出國2.8次(今年的出國時間比去年縮短了一些)”。據他透露，八成中國千萬富豪都把孩子送到國外讀書，[查看全文]

(ECNS) -- More than 80 percent of China's super rich send their children abroad for better education, said Rupert Hoogewerf, founder of Hurun China Rich List.

Hoogewerf made the remarks Friday afternoon at an economic forum held in Guangzhou. Forty-three percent of the children study in the United States and 34 percent in Britain, he said.

China has 1.05 million individuals with personal assets of at least 10 million yuan, a year-on-year increase of 3 percent, the biggest growth in the past five years, according to the 2013 Hurun Rich List.

Around 40 years old, each super rich person owns three cars and four expensive watches on average, and 90 percent are men, Hoogewerf said.

Hoogewerf also praised Guangdong for breeding the most private enterprises and the most millionaires on China's 100 richest people.

He said rich Cantonese tend to keep a low profile and there are more millionaires than is estimated. When asked how to find the "invisible millionaires," he said they collect information about successful businesses through local officials and charities.