Rebecca Nelson/Getty Images and John Harper/Getty Images
- The private tutoring industry is valued at $62 billion.
- Private tutors for ultrawealthy families can earn huge sums.
- For many wealthy families, tutoring is a "status symbol," but the lack of regulation is a concern.
A wealthy family wants to hire a private tutor for their two young children. The position includes a minimum annual salary of $180,000, nine weeks of annual vacation, and accommodation and travel expenses. However, it comes with a demanding list of job responsibilities.
The successful candidate must be artistic, provide singing lessons, and play the piano. The tutor also needs to speak Italian, with good French and German, know how to ski, play soccer, do judo, and ride horses, and demonstrate a keen interest in motorsports.