A rare earth permanent magnet consists of 20-40 wt % of at least one rare earth element R, 0.5-4.5 wt % of boron B, 0.03-0.5 wt % of M (at least one of Al, Cu, Sn and Ga), 0.01-0.2 wt % of Bi, and the balance being at least one transition metal element T.
