Oligarchs

Citigroup oversaw US$1 billion in deals for trust while sanctioned oligarch held concealed interest

Treasury can fine companies that break sanctions whether they realise it or not, and in some previous cases, civil fines have run into the hundreds of millions of US dollars

Tech moguls (from left) Mark Zuckerberg, Jeff Bezos, Sundar Pichai and Elon Musk attending Donald Trump's inauguration. Trumpism may represent the peak of the political cult of entrepreneurs.
LIFE & CULTURE

The political cult of the entrepreneur

Is what’s good for America’s richest men also good for America?

From left: Mark Zuckerberg, CEO of Meta Platforms; Lauren Sanchez, Jeff Bezos' fiancee; Jeff Bezos, founder of Amazon.com.; Sundar Pichai, CEO of Alphabet; and Elon Musk, CEO of Tesla, at the presidential inauguration in the US Capitol in Washington, DC, on Jan 20.

Donald Trump’s America will not become a tech oligarchy

Reasons not to panic about the tech-industrial complex

Led by Elon Musk (left), US tech bosses have been filing into Mar-a-Lago to trade favours with Trump (right) and donate to his inauguration fund.
THE BROAD VIEW

A lesson for oligarchs: politics can be deadly

The emergence of a powerful tech elite close to Donald Trump has jarring echoes with Russia

Rybolovlev, 57, is reportedly worth US$6.4 billion, having built his fortune in potash fertiliser.

Sotheby’s defeats Russian oligarch in art fraud case

A FEDERAL jury in the US on Tuesday (Jan 30) ruled in favour of Sotheby’s, at a trial in which Russian billionaire oligarch Dmitry Rybolovlev accused the auction house of defrauding him out of tens of...

A volunteer cooks for people at a humanitarian centre in Bakhmut, Ukraine. While oligarchic capitalism persists in the country, its civil society is pushing back.
THE BROAD VIEW

When civilisational models collide

Oligarchic capitalism and civil society are at odds in the Russia-Ukraine war – and in the Western world

The sales and especially the market value of Elon Musk's companies depend at least in part on the strength of his personal brand.
THE BOTTOM LINE

Why petulant oligarchs rule our world

The cult of the genius entrepreneur has done a lot of damage