Business tycoon biography

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Business magnate

Entrepreneur who has achieved wealth and prominence from a particular industry

"Tycoon" and "Industrialist" redirect here. For other uses, see Tycoon (disambiguation) and Industrialist (disambiguation).

For magnates in the mass media industry, see Media proprietor.

A business magnate, also known as an industrialist or tycoon, is a person who has achieved immense wealth through the creation or ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as robber barons, captains of industry, moguls, oligarchs, plutocrats, or tai-pans.

Etymology and history

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The term magnate derives from the Latin word magnates (plural of magnas), meaning "great man" or "great nobleman".

The term mogul is an English corruption of mughal, Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Early Modern India, who possessed great power and storied riches capable of producing wonders of opulence, such as the Taj Mahal.

The term tycoon

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Shoe Dog, Phil Knight,
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