https://en.wikipedia.org/wiki/Dynasty_(1981_TV_series)
Yes, THIS cult classic - at least here in Poland, back in the 90's

The whole country LOVED this TV show - no idea if it was so EXTREMELY popular in the US too. The Polish streets got empty back when the TV show was aired on TV. I remember my very favorite character ever was Alexis Colby

This show also introduced me (I was like 6 then) to the concept of homosexuality - or bisexuality in this case because Steven was a married man when he met his male lover (I don't remember his name though). I also remember that Krystle and Blake had a baby daughter who needed a heart transplant and that Fallon got abducted by UFO at some point
Do you know this show? I'm asking here about the 80's version and not about the new, modern one. In Poland, as I said, it used to be a cult classic, all the rage in the 90's back in my childhood. Was it just as popular in the USA? I also remember when I was a little girl, I used to collect some chewing gum stickers with the Dynasty characters on, I remember I had for example one with Alexis wearing an elegant red dress.
Both Steven and Fallon were played by two different people.
I also love pointing out the geopolitical errors in the infamous "Moldavian Massacre" episode.