oligarch
UK: ˈɒlɪɡɑːk | US: ˈɑːlɪɡɑːrk
n. A member of a small group of people who control a country or organization.
n. A very wealthy person with significant political influence.
The term oligarch originates from Greek oligarkhia, combining oligos (few) and arkhein (to rule). It reflects a power structure where control is concentrated in the hands of a small elite. Historically, it described governance by a privileged few, often aristocrats or wealthy families. The modern usage retains this core idea but often emphasizes wealth-driven political dominance.
The country was ruled by a corrupt oligarch for decades.
Critics argue that billionaires have become modern oligarchs, shaping policies to their advantage.
In ancient Greece, an oligarch wielded power without democratic accountability.
The media exposed the oligarch's hidden influence over legislation.
Revolts often arise when oligarchs ignore the needs of the majority.