A business oligarch is generally a
business magnate
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through per ...
who controls sufficient resources to influence national politics.
A business leader can be considered an
oligarch if the following conditions are satisfied:
# uses monopolistic tactics to dominate an industry;
# possesses sufficient political power to promote their own interests;
# controls multiple businesses, which intensively coordinate their activities.
More generally, an oligarch () is a "member of an
oligarchy
Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate ...
; a person who is part of a small group holding power in a state".
See also
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Russian oligarchs
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Ukrainian oligarchs
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Oligarchy
Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate ...
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Tai-pan
A tai-pan (,Andrew J. Moody, "Transmission Languages and Source Languages of Chinese Borrowings in English", ''American Speech'', Vol. 71, No. 4 (Winter, 1996), pp. 414-415. literally "top class"汉英词典 — ''A Chinese-English Dictionary' ...
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Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exc ...
References
Social groups
Wealth concentration
Oligarchy
Post-Soviet states
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