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1:55Now PlayingOligarchs in America: How do the rich impact our politics? | USA TODAY
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March 9, 2022
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1:55Now PlayingThere are hundreds of ultra-wealthy people in America looking to make an impact on the political landscape.
RELATED: Oligarchs: Explaining Russia's wealthy, political powers
The term "oligarch" rose to prominence in the 1990s, when cadres of young businessmen came to power in post-communist Russia by taking over the newly privatized state monopolies that had opened up in the late Soviet Union.
That class of oligarchs – who amassed their wealth and dominance of the Russian economy through corruption and coercion – dominated politics and business for years before Putin's rise.
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