It has been reported that Russian businessmen prefer to keep their heirs away from family business in a bid to spare them from the "burden and uncertainty that accompany running a large business".

Only 32 percent of the respondents want their children to continue the business while 68 percent insist their offspring choose their own career, a poll conducted by UBS and Campden Research companies has revealed.

The survey was conducted among 25 Russian businessmen, whose fortune exceeds $100 million.

Vedomosti daily, which published the survey, quoted one of the respondents as saying, "I do not want to deliver the burden and uncertainty that accompany running a large business in Russia to my children."

Another participant said, "In this country, you don't need to be an entrepreneur in order to become rich. You just have to be in the same circles as bureaucrats to make money."

The poll further said that despite a widespread notion that Russian businessmen are extravagant, they are unpretentious in their private lives. Two of the respondents have a yacht, while only a few people collect watches, wine and art pieces.

They do not have any luxury items, said half of those surveyed.

Another respondent was quoted as saying, "My children go to school in Britain where they will acquire genuine values. Here, in Rublyovka (a posh district in Moscow), everybody's got plenty of money so you can hear children speaking about Bentleys and Ferraris. That is why I realized I had to do something about it." (With Inputs from Agencies)