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Business magnate

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A business magnate is someone who has achieved great success and enormous wealth through the ownership of a multiple line of businesses. An Industrialist is an individual who starts a business with their own unique idea or concept, is a risk taker and innovative who is a market leader. In other words, are examples of business magnates who wield great influence, importance, or standing in a particular enterprise or field of business. The term characteristically refers to a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called , industrialists, , proprietors, tycoons, taipans, , or oligarchs.

The word derives from the magnates (plural of magnas), meaning "a great man" or "great nobleman". , , who as of April 2020 is ranked the wealthiest person in the world. ]] The word 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. U.S. 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.

The word mogul is an English corruption of mughal, Persian or Arabic for "Mongol". It alludes to emperors of the in the , who possessed great power and storied riches capable of producing wonders of opulence such as the .

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 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 well-known 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 , steel investor , telecommunications investor , airline owner Sir , technology entrepreneur , Formula 1 manager Bernie Ecclestone, media entrepreneur , and poultry technologist .

See also

  • The World's Billionaires
  • Sunday Times Rich List

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