An oligarch is a wealthy individual who holds significant power and influence in a political or economic system. This term is often associated with a small group of elites who control resources and decision-making processes, typically in a country where democracy is limited or absent. Oligarchs can emerge in various contexts, including Russia, where they gained prominence after the fall of the Soviet Union. Oligarchs often have close ties to government officials and may use their wealth to shape policies that benefit their interests. This concentration of power can lead to corruption and inequality, as the needs of the general population may be overlooked in favor of the oligarchs' agendas.