the.com/oligarch
a billionaire who bought a country instead of a yacht, then bought the yacht anyway.
means a person whose wealth converts directly into political power, usually via connections rather than laws.
from from greek oligos (few) plus arkhein (to rule) — coined for rule by the few, revived in the 1990s to describe russians who turned soviet state assets into personal fortunes overnight.
russia 1990sseven men briefly controlled half the economy
not just richwealth must convert into political leverage
global exportnow applied to ukraine, gulf states, silicon valley