minigarch

English

Alternative forms

• mini-garch

Etymology

Blend of mini- +‎ oligarch.

Noun

minigarch (plural minigarchs)

1. (chiefly concerning the former Soviet Union) A petty oligarch, one with somewhat less money or power. [from 2006]
   • 2006, Adrian Karatnycky, “The Fall and Rise of Ukraine’s Political Opposition: From Kuchmagate to the Orange Revolution,” in Anders Åslund, Michael McFaul, eds., Revolution in Orange: The Origins of Ukraine’s Democratic Breakthrough, Washington DC: Carnegie Endowment for International Peace, →ISBN, p 37:

     Financial and economic groups, which emerged as a result of the Yushchenko-inspired boom with an average growth rate in the gross national income of 9 percent since the year 2000, had created a new generation of “minigarchs.” They resented rampant corruption in tax administration and government and were angry at the plunder of the country by a narrow group of oligarchic billionaires backing the incumbent power elite and its candidate, Yanukovych.

   • 2018 June 15, Luke Harding, Dina Nagapetyants, “UK visa of Russian oligarch who met Arron Banks under review”, in The Guardian‎^[1]:

     One person familiar with the Moscow business world said of Povarenkin: “He’s a typical ‘minigarch’ guy who managed to cobble together a bunch of assets, deploying the typical Russian means of doing it.”