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Business magnate

A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful or 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 industrialists, robber barons, captains of industry, , , oligarchs, , or .

The term derives from the 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 in , who possessed great power and storied riches capable of producing wonders of opulence such as the .

The term tycoon derives from the Japanese word 大君, which means "great lord", used as a title for the shōgun.

(1988). 9780801834431, JHU Press. .
The word entered the English language in 1857 with the return of Commodore Perry to the United States. US President was humorously referred to as the Tycoon by his aides and . The term spread to the business community, where it has been used ever since.

Modern business magnates are entrepreneurs that amass on their own or wield substantial family fortunes in the process of building or running their own businesses. Some are widely known in connection with these entrepreneurial activities, others through highly-visible secondary pursuits such as , political fundraising and campaign financing, and sports team ownership or sponsorship.

The terms mogul, tycoon, and baron were often applied to late-19th- and early-20th-century North American business magnates in such as , and , transportation fields such as and , manufacturing such as automaking and , in , as well as newspaper publishing. Their dominance was known as the Second Industrial Revolution, the , or the Robber Baron Era.

Examples of business magnates in the western world include historical figures such as oilman John D. Rockefeller, automobile pioneer , shipping and railroad veterans Aristotle Onassis, Cornelius Vanderbilt, , , and James J. Hill, steel innovator , newspaper publisher William Randolph Hearst, retail merchant , and banker J. P. Morgan. Contemporary industrial tycoons include e-commerce entrepreneur , investor , computer programmer , technology innovator , media proprietor , steel investor , telecommunications investor , Virgin Group founder Sir , entrepreneur , Formula 1 manager Bernie Ecclestone, media entrepreneur , and poultry technologist .

Business magnates
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