Oligarch

From Nemo

Business oligarch is a near-synonym of the term "business magnate", borrowed by the English speaking and western media from post-Soviet parlance to describe the huge, fast-acquired wealth of some businessmen of the former Soviet republics (mostly Russia and Ukraine) during the privatization in Russia and other post-Soviet states in 1990s. The history of the business oligarchs in post Soviet Union states is discussed in the following articles relating to specific regions of the former Soviet Union:

• Russian oligarchs
• Ukrainian oligarchs

A typical example of a post-Soviet oligarch entity is the Privat Group - a large Ukraine-based transnational business conglomerate comprising dozens of industrial companies in several markets, controlled by only three stakeholders, and not through the stock exchange.

References:

1.http://en.wikipedia.org/wiki/Business_oligarch

External Links:

• http://www.census.gov/hhes/www/income/income.html
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