oligarch UK /ˈɒlɪˌɡɑːk/US /ˈɑləɡɑɹk/ noun3 •A member of an oligarchy; someone who is part of a small group that runs a country. •A very wealthy business owner who wields political power.Millions of people were starving, while the oligarchs and their supporters were surfeiting on the surplus. — 1908 •A protoplanet formed during oligarchic accretion. formsoligarchs