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The word comes from Bollywood and the Russian Oligarch community. Often used to refer highly influential, powerful multi millionaires of India just like there Russian counterparts. They are at the top of the social chain. There wealth is often questioned upon and is told to be influenced by political connections.
Bollygarch Billionaire Gautam Adani recently listed his company on the NYSE.
The present trend of hatred and fear against China in the light of Covid-19 Pandemic.
The Sino-Cov-Phobia is causing people to boycott Made in China goods all over the world.