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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:
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.
The so-called voucher privatization program of 1992–1994 enabled a handful of young men to become billionaires, specifically by arbitraging the vast difference between old domestic prices for Russian commodities (such as natural gas and oil) and the prices prevailing on the world market.
The personal asset freezes target a wide range of people: top officials like Putin and so-called oligarchs, regional officials with few assets abroad, and tycoons like the 61-year-old Makarov.
Sen. Bernie Sanders calls them "oligarchs," while Gov. J.B. Pritzker gets cheers when touting his own billionaire status.
“Billionaires in both parties should not be able to buy elections, including primary elections,” the Vermont senator said. Railing Against ‘Oligarchs,’ Sanders Touts Harris’ Achievements ...
Yelena Nikolayevna Baturina (Russian: Елена Николаевна Батурина; born 8 March 1963) is an international billionaire businesswoman and a philanthropist of Russian origin. She is based in Austria.
The Massachusetts Institute of Technology has received at least $900,000 in donations from Russian oligarchs, according to the database. New York University has brought in more than $4 million.