Search results
Results From The WOW.Com Content Network
These oligarchs gained control of significant portions of the economy, especially in the energy, metals, and natural resources sectors. [15] Many of these individuals maintained close ties with government officials, particularly the president , leading some to characterize modern Russia as an oligarchy intertwined with the state.
A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. [ 1 ] [ 2 ] A business leader can be considered an oligarch if some of the following conditions are satisfied:
Critics said he simply gave preferences to a different set of oligarchs. Apartheid-era South Africa was also seen by some academics as having a white racial oligarchy. Even before Biden's speech, the rising wealth gap in the United States — as well as in China — raised concerns about whether the world's two largest economies were becoming ...
Since 2014, hundreds of Russian oligarchs and their companies have been hit with US sanctions for their support of "the Russian government's malign activity around the globe". [5] [6] In 2022, many Russian oligarchs and their close family members were targeted and sanctioned by countries around the world as a rebuke of Russia's war in Ukraine.
Musk, for example, is worth $450 billion, according to the Bloomberg Billionaires Index. Bezos, at $242 billion and Zuckerberg, at $212 billion, have also reached new heights. They are the only people worth more than $200 billion in the world. All but two of the top 10 wealthiest people in the world are technology moguls.
President Joe Biden's farewell address included a stark warning about the danger of what he called abuses by the ultra-wealthy, particularly what he called the "tech-industrial complex." "Today ...
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [7] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
For premium support please call: 800-290-4726 more ways to reach us