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 the 1990s. The history of the business oligarchs in post Soviet Union states is discussed in the following articles: