Do Billionaires Make Good Political Leaders?

08:36

June 23, 2014

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.

Do you think billionaires make good political leaders? Tell us on Facebook or in the comments.

Guest

Robert Frank, wealth editor at CNBC and author of "Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich." He tweets @robtfrank.

This segment aired on June 23, 2014.