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From wikipedia:
A plutocracy (from Ancient Greek πλοῦτος (ploûtos) ‘wealth’, and κράτος (krátos) ‘power’) or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631.[1] Unlike most political systems, plutocracy is not rooted in any established political philosophy.

plu·toc·ra·cy
/plo͞oˈtäkrəsē/
 
noun
  1. government by the wealthy.
    “the attack on the Bank of England was a gesture against the very symbol of plutocracy”
    • a country or society governed by the wealthy.
      plural noun: plutocracies
      “no one can accept public policies which turn a democracy into a plutocracy”
    • an elite or ruling class of people whose power derives from their wealth.
      “officials were drawn from the new plutocracy”
 

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