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:
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.
- Gun battles and 'extortion' in latest Russian oligarch legal battle, The Guardian, July 9, 2012
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