The wealthiest and most powerful person who rules through money and economic control; a supreme representative of rule by the rich.
Arch- combined with plutocrat (from Greek ploutos, wealth, and kratein, to rule). This modern compound emerged in 19th-century social criticism as industrial wealth concentrated in fewer hands.
The word 'archplutocrat' became popular with socialist and progressive critics in the 1800s-1900s to describe figures like Andrew Carnegie or John D. Rockefeller—men whose wealth gave them political power.
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