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:
“What makes this Generation of Vermin so very Prolifick, is the indefatigable Diligence with which they apply themselves to their Business. A Man does not undergo more watchings and fatigues in a Campaign, than in the Course of a vicious Amour. As it is said of some Men, that they make their Business their Pleasure, these Sons of Darkness may be said to make their Pleasure their Business. They might conquer their corrupt Inclinations with half the Pains they are at in gratifying them.”
—Joseph Addison (1672–1719)