Rich Russians: From Oligarchs to Bourgeoisie

In This Review

Rich Russians: From Oligarchs to Bourgeoisie
By Elisabeth Schimpfössl
Oxford University Press, 2018
248 pp.

The term “Russian oligarch” suggests ostentatious wealth and gangster-like behavior. But Schimpfössl argues that is an outdated image, more suited to the 1990s than today. Russia’s current super-rich are less interested in flaunting their wealth than in the quest for social respectability and an image of refinement, even moral probity. Like the very wealthy elsewhere, they see their good fortune as the product of their talents and superior qualities, which they often attribute to their genetic heritage. Their sense of superiority, desire to separate themselves from “the tasteless rich,” and pursuit of legitimacy have led them to give to charity, support the arts, and help foster civil society. Schimpfössl’s book benefits from the long parade of interviews she has conducted with nearly 100 of these millionaires and billionaires, their families, and their associates, which put a human face on her analysis.

More Reviews on Eastern Europe and Former Soviet Republics From This Issue

Browse All Capsule Reviews

Related Articles

This site uses cookies to improve your user experience. Click here to learn more.