That's how the word is/was used by the Russians, but isn't really how it's used by the western media. Any Russian billionaire is called an oligarch; it's used as a substitute for plutocrat.
Musk, Bezos, the Koch brothers, Soros, and a few other billionaires are plutocrats, ergo, they are oligarchs.
That's how the word is/was used by the Russians, but isn't really how it's used by the western media. Any Russian billionaire is called an oligarch; it's used as a substitute for plutocrat.
Musk, Bezos, the Koch brothers, Soros, and a few other billionaires are plutocrats, ergo, they are oligarchs.