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What's the word for a government run by wealthy people?

The word you're looking for

A plutocracy is a government run by rich people. It fits your concept exactly, because power stays with wealthier citizens.

Other words that fit

Use this when a small group rules, but not always only the rich.

Use this for a system where honor or property gives political power, not just wealth.

Use this for rule by a privileged upper class, especially in historical contexts.

Why this word

Plutocracy is the best word for a government controlled by wealthy people. It is more specific than oligarchy, which only means rule by a small group. In modern use, plutocracy can describe a country or a political system where money has too much power. It is often used in criticism, not neutral description.

In context

Other concepts to find a word for

Frequently asked questions

Is plutocracy the same as oligarchy?
Not exactly. Oligarchy means rule by a few people, while plutocracy means rule by rich people.
Is plutocracy a formal word?
Yes. It is a formal and political word, and it is often used in criticism.
Can I use plutocracy for a person or group?
Yes, but it usually describes a system, country, or government, not one person.