business oligarch

A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. A business leader can be considered an oligarch if one or more of the following conditions is met: the use of monopolistic tactics to dominate an industry; the possession of sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority; control of multiple businesses that coordinate their activities to a significant degree. More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few' and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".