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Do Billionaires Make Good Political Leaders?08:36

This article is more than 6 years old.

Petro Poroshenko is Ukraine's newest president. He's also a billionaire. The country's fifth democratic president made his fortune as the owner of Roshen Confectionery Corporation, which has also given him the nickname the "Chocolate King."

Although he has been a very successful company president, does that transfer into being a satisfactory democratic leader?

Robert Frank, wealth editor for CNBC, recently wrote a piece called "Why billionaires make bad presidents." He joins Here & Now's Jeremy Hobson to explain why.


This segment aired on June 23, 2014.

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