I'll preface my remarks by saying that I know, personally, what some here would term 'princelings' or 高干子弟 (lit: children of high officials), through college and work.
Out of the dozen or so I met, most of them were pretty normal--maybe a bit more tilted towards going into finance or law than most of us, but not really by much. All of them went to boarding schools in the US, Canada, or Britain.
It was about half and half in terms of how protective they were about their identities--some, like the grandson of Zhu Rongji, were pretty open about their identities (but not in an overbearing way--he'd just tell you if you asked him or if it came up in the conversation). Others, like the granddaughter of Jia Qinglin, were much more discreet about it (although you could tell that she was well-off).
One thing that did set them apart was the fact that they didn't seem very Chinese, in that their outlook on life was a lot more Western than other Chinese international students. Most Chinese internationals I know try to stay out of 'politics' in school--they don't join Greeks, or if they do, they don't try to lead them, nor do they do run for student government--but a lot of the princelings I met were quite comfortable (and successful) doing things like that. E.g. One of my best friends in college ended up running for student body VP his second year and winning as President his third year. Ironically enough, his dad served on the 中央宣传思想领导小组, or the Party's Leading Group on Propaganda and Ideological Affairs. We used to make fun of him for it, ask him whether his dad saw him as a "tool of Western imperialism". He would joke that it was okay since he could tell his dad he was the one calling the shots, not the other way around.
The other thing that set them apart was a greater willingness to take personal and professional risks. That guy I previously mentioned was comfortable enough to take a year off from school between his third and fourth year and go start a company with some friends in the Valley, and when he graduated, he continued with the startup even though it paid next to nothing--no student loans to worry about.
None of them were complete asshats like the person mentioned in the OP. All of them were decently intelligent and had a good work ethic. (Yes, even Bo Guagua--although he was a bit more socially aggressive than his peers). Most of them tried to fit in with the rest of their peer set--none of them did the dumb things undergrads sometimes try to do to make themselves look unique. I have a feeling the person in the OP is more of an outlier in terms of behavior than anything, although I can understand what sort of sociopolitical tendencies made such behavior more likely to manifest itself in him.
Overall--a nice enough group of guys and gals. (I even dated two of them--one of them had a dad who was a vice-minister of finance; the other's father headed a mid-sized SOE. It was kind of funny because both girls lived on opposite corners of the Gongzhufen subway station in Beijing, and when I got lost in that station and ended up exiting on the wrong side while going to see girlfriend #2 she chewed me out about my subconscious wanting to be with the other girl).
hm....maybe you are "fortunate" enough to meet the "good" ones, but if you ask me, my friends, 60% of vancouver, etc...we all beg to differ. simply reminded of them already pisses the sh!t off out of me, and it's more than sufficient for me to say i'd receive a grand round of applause from my folks if i openly call those "elite kids" "complete human waste"
in vancouver, the following occurs: rude, no manner, excessively spoiled, narcisstic, wasteful, arrogant, disrespectful, throws wealth around, lack of concern to others and society, very rich, only cares about wealth, buys ferraris and expensive cars, money laundering, have powerful connections within their ring, some steals for fun, don't speak english a lot of times ( i don't really have problem with that usually, but then some of them you can tell, they just stick within their circle). they give us asians a very bad name, and especially the ones from china because even though the bad apples from hk and taiwan are bad, they aint as outrageous as those from china. they literally stink up the entire city, that i feel so sad they are nothing but embarrassment and destruction of multiculturalism. to further my point, it's only last year or so when a bunch of them were caught illegal racing on the highway in their ferraris. when they were pulled over and arrested, some even took photos of "this unique experience of being pulled over by the cops". the story was big in vancouver and everyone knew about it, and they simply reflect the scums their parents' reproductive organs had produced.
there are still some who arent bad..of course..
but anyways, generally speaking, our experiences with them are terrible
locals hate them, integrated immigrants like myself( and my friends who immigrated here and lived here many years) hated them, other groups hated them, and even folks in hk, taiwan hate them too.
with that said, im sorry to say, but WE definitely don't have that "positive" of an experience as yours. i'd hope you're not biased and not defending them and it's just simply you had good experiences with them, but for us, we definitely don't see it that way.
"Now with power, comes speed and this young clique (all under-21) decided to try and stretch them out to over 200 km/h on a public road. At one point, the group would hang back slowing up traffic so that the leaders could race highway runs in pairs. Highway 99 in Surrey, B.C. was the sight of this multi-cylinder procession that attracted a lot of attention on a clear mid-afternoon... cops included. Other motorists snitched and the authorities closed in to intercept the speeding vehicles before anyone was injured during the looming rush hour.
In a double face-palm moment, some of the mega-hp vehicles were wearing green "N" novice driver decals meaning they probably can't even parallel park let alone handle a 563hp SLS AMG at man's speeds. But for these boys, they had a great excuse because they were headed towards the town of White Rock for a friend's going-away party!? Why even talk, just lawyer-up!
EDIT: The driver of the Audi R8, identified as Matt Zhang has gone on record as saying they were exceeding 200 km/h but obeying the law otherwise. We're not sure what that means but here is the video admission of guilt!"
That's your "a nice enough group of guys and gals."
and this forum is full of them showing off their wealth and praising "oh so wealthy", when in fact speaking of themselves
"http://forum.vanpeople.com/showtopic-168637.php
" 今天街上看到的一豪车,我以为是谁家的床单掉了。
温哥华的牛逼车可真多"
and here we go, just another link of them bragging of their extravagence
" 深圳16岁顶级富二代的奢华生活
照片里这个没戴眼镜,穿黑衣服的小正太就是传说中的顶级富二代了。
私人保镖,私人飞机。
不过小孩长得真可爱,怪不得富翁都喜欢选漂亮有素质的女人当老婆。基因很重要啊!"
and let's not forget "my dad is li gang".
so with all due respect, you must be very lucky to meet a group who happens to be so "exceptionally" good that gives you such a "positive" impression, but i'm sure the rest of china, tw, and hk won't share the same sentiments at all.
in fact, i dare to say that this group of waste of food represents the stench of china's negative side