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Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') [1] [2] [3] is a form of government in which power rests with a small number of people.
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:
The Forbes 400 Richest Americans list has been published annually since 1982. The combined net worth of the 2020 class of the 400 richest Americans was $3.2 trillion, up from $2.7 trillion in 2017. [1] As of March 2023, there were 735 billionaires in the United States. [2]
Sen. Bernie Sanders calls them "oligarchs," while Gov. J.B. Pritzker gets cheers when touting his own billionaire status.
In 2003, Khodorkovsky was believed to be the wealthiest man in Russia, with a fortune estimated to be worth $15 billion, and was ranked 16th on Forbes list of billionaires. [2] He had worked his way up the Komsomol apparatus, during the Soviet years, and started several businesses during the period of glasnost and perestroika in the late 1980s.
America has a billionaire problem. If we keep dancing around it, our democracy will die and our way of life will die along with it. The vast majority of Americans would never call for class war.
In 2021, the Sunday Times Rich List estimated Baturina's net worth to be £1.133 billion. [99] In 2018 and 2019, her net worth was estimated at $1.2 billion. [ 100 ] [ 1 ] In 2020, Forbes announced that Baturina's position as the richest woman in Russia was overtaken by Tatyana Bakalchuk , the founder of Wildberries , with a net worth of $1.4 ...
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.