Meaning of “oligarch” in the English Dictionary

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"oligarch" in Business English

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oligarchnoun [ C ]

uk /ˈɒlɪɡɑːk/ us

GOVERNMENT, ECONOMICS one of a small group of powerful people who control a country or an industry:

He tells the story of the new Russian oligarchs and how they amassed enormous fortunes when the Soviet Union broke up.

(Definition of “oligarch” from the Cambridge Business English Dictionary © Cambridge University Press)