oligarch

Wealthy political insider

An oligarch is a member of a small group that holds power in a government or organization.

The term derives from oligarchy, a form of government where power rests with a few.

In contemporary usage, oligarch most often refers to extremely wealthy individuals, especially Russian businessmen who acquired vast fortunes during the privatization of state assets after the Soviet collapse.

Sanctions targeted oligarchs close to the Kremlin.

The word carries connotations of ill-gotten wealth and corrupt political influence.

wealth

billionaire

Person worth ten figures

magnate · industrialist · financier · baron · capitalist · kleptocrat · robber-baron · conglomerate · monopolist · profiteer

corruption

bribery

Corrupt payment for influence

cronyism · graft · looting · kleptocracy · plundering · self-dealing · misappropriation · collusion · racketeering · extortion

power

autocrat

Sole wielder of power

Kremlin · patronage · crony · apparatchik · connected · untouchable · impunity · entourage · loyalist · protégé

elite

aristocrat

Person of noble birth

dynasty · establishment · jet-set · superyacht · penthouse · luxury · opulence · extravagance · entitlement

regional

chaebols

Korean family-run corporate groups

perestroika · aluminum · nickel

Categories
Opposites
political power distribution

oligarchdemocrat

Advocate for popular rule

commoner · democrats · populist · egalitarian · man of the people

wealth and class position

oligarchpauper

Person in extreme poverty

poor person · have-not · beggar · peasant · proletarian

legitimacy and accountability

oligarchpublic servant

Government worker serving citizens

elected official · representative · tribune · steward · civil servant

Phrases
Family

oligarchy, oligarchs, oligarchic, oligarchies, oligarchical

Familiarity
Top 200,000
Profile
Used worldwide · Timeless · Negative · Rated PG