Business oligarch

Rich industrialists / capitalists of great political influence in post-Soviet states / From Wikipedia, the free encyclopedia

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 the following conditions are satisfied:

  1. uses monopolistic tactics to dominate an industry;
  2. possesses sufficient political power to promote their own interests;
  3. controls multiple businesses, which intensively coordinate their activities.[2]

More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few', and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".[3]