In this video we go over the rise and fall of Russia's billionaires oligarchs. Even to this day most Russian billionaires can trace their wealth back to the disorderly process in which the former Soviet state owned enterprises were privatized in the 1990s. Savvy businessmen and bureaucrats were able to buy up large stakes in these companies for pennies on the dollar. Throughout the 1990s these oligarchs effectively ran Russia's government as President Yeltsin was a weak leader. However, things changed when Vladimir Putin took power.
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