An oligarchy
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Rule by the rich aristocracy.
Oligarchy is the rule of only a few people. It originated in Ancient Greece around 500 B.C. They were made up of powerful and rich families.
people who are rich in money and poor in happiness
Some names for the form of government ruled by the rich or powerful might include, a plutocracy (rule by the wealthy), an oligarchy (rule by the wealthy, connected, educated, royalty), or maybe an aristocracy (rule by a small class of privileged).
Those who rule the popular sovereignty are the people.