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How Did Russian Oligarchs Get So Rich?

Published on 17 Aug 2022 / In Money / Banking / Federal Reserve

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Russian Oligarchs have become synonymous with superyachts, luxury mansions and the shady political maneuvering of post-Soviet Russia. Since the Russian invasion of Ukraine, Russian billionaires like Roman Abramovich, Vladimir Potanin, Alisher Usmanov and Oleg Deripaska have been all over the news.

The word Oligarch conjures up images of opportunistic, well-connected businessmen who made billions by plundering the remains of the collapsed Soviet state. But how exactly did Russia’s oligarchs get so rich?

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