The Evolution of Oligarchs and Their Influence

This chapter explores the history and changing meaning of the term 'oligarch', focusing on the rise of the first modern Russian oligarch, Boris Borsofsky, and his involvement in rigged auctions. It also discusses the relationship between Russian oligarchs and Putin, highlighting Roman Abramovich as an example of an oligarch who thrived by coexisting with Putin. Furthermore, the chapter delves into the collaboration between Russian and American oligarchs to protect their wealth, discussing the use of shell companies and trusts in states like Delaware and South Dakota.