Business oligarch is almost a synonym of the term "business magnate", borrowed by the English-speaking and western media from post-Soviet parlance to describe the huge, quickly acquired wealth of some businessmen of the Post-Soviet states (mostly Russia and Ukraine) during the privatization in Russia and other post-Soviet states in 1990s. The history of the business oligarchs in post Soviet Union states is discussed in the following articles relating to specific regions of the former Soviet Union:
- Russian oligarchs
- Ukrainian oligarchs
A typical example of a post-Soviet oligarch entity is the Privat Group - a large Ukraine-based transnational business conglomerate comprising dozens of industrial companies in several markets, controlled by only three stakeholders, and not through the stock exchange.
Famous quotes containing the word business:
“I do not claim that all women, or a large portion of them, should enter into independent business relations with the world, but I do claim that all women should cultivate and respect in themselves an ability to make money.”
—Ellen Demarest (1824–1898)