oligarch
noun
ol·i·garch
ˈä-lə-ˌgärk
ˈō-
plural oligarchs
1
: a member or supporter of an oligarchy
2
in Russia and other countries that succeeded the Soviet Union
: one of a class of individuals who through private acquisition of state assets amassed great wealth that is stored especially in foreign accounts and properties and who typically maintain close links to the highest government circles
But what does it really mean to be a Russian oligarch …? … in Russian politics, the term first came about in the 1990s to describe a dozen or so powerful men who amassed immense wealth following the collapse of the Soviet Union.—The Business Insider
The task force will pool the resources of the countries' law enforcement divisions to track down the assets of Russian oligarchs stashed overseas, a difficult task complicated by the opaque or complicated financial instruments frequently used by Russian financial elites to hide their holdings from public view.—Jeff Stein
… young Armenians, who joined the protests in droves, angry that the same small club of politicians and oligarchs has controlled the country since independence from the Soviet Union in 1991.—Neil Macfarquhar
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Merriam-Webster unabridged
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