President Joe Biden's pointed warning about the U.S. becoming an “ oligarchy ” of tech billionaires will be illustrated at Donald Trump's inauguration, when the world's three richest men will sit on the dais as Trump is sworn in for a second term.

Is he on target with that criticism, and also what is an oligarchy? Here’s what to know. Oligarchs are a subset of the very, very wealthy Being rich doesn’t necessarily make you an oligarch. An oligarch is someone who influences politics outside the formal system,

President Joe Biden in his Wednesday farewell speech to the nation warned that American democracy was sliding into an “oligarchy” of tech billionaires