ⓘ Business magnate

Business magnate

ⓘ Business magnate

A business magnate is someone who has achieved great success and enormous wealth through the ownership of a multiple line of businesses. Successful entrepreneurs 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 czars, industrialists, moguls, proprietors, tycoons, taipans, barons, or oligarchs.


1. Etymology

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

The word tycoon derives from the Japanese word taikun 大君, which means "great lord", used as a title for the shōgun. The word entered the English language in 1857 with the return of Commodore Perry to the United States. U.S. President Abraham Lincoln was humorously referred to as the Tycoon by his aides John Nicolay and John Hay. 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 Mughal Empire in the Medieval India, who possessed great power and storied riches capable of producing wonders of opulence such as the Taj Mahal.


2. Usage

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 philanthropy, 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 extractive industries such as mining, logging and petroleum, transportation fields such as shipping and railroads, manufacturing such as automaking and steelmaking, in banking, as well as newspaper publishing. Their dominance was known as the Second Industrial Revolution, the Gilded Age, 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 Henry Ford, shipping and railroad veterans Aristotle Onassis, Cornelius Vanderbilt, Jay Gould, and James J. Hill, steel innovator Andrew Carnegie, newspaper publisher William Randolph Hearst, retail merchant Sam Walton, and banker J. P. Morgan. Contemporary industrial tycoons include e-commerce entrepreneur Jeff Bezos, investor Warren Buffett, computer programmer Bill Gates, technology innovator Steve Jobs, steel investor Lakshmi Mittal, telecommunications investor Carlos Slim, airline owner Sir Richard Branson, technology entrepreneur Elon Musk, Formula 1 manager Bernie Ecclestone, media entrepreneur Rupert Murdoch, and poultry technologist Frank Perdue.

  • N. Ravichandran is an Indian business magnate investor and philanthropist. He is the founder and chairman of TVH True Value Homes group, an Indian conglomerate
  • Alf Richard Bjercke 30 May 1921 9 December 2011 was a Norwegian business magnate consul and sports official. He was born in Oslo as a grandson of Alf
  • Thomas or Tom Terry may refer to: Tomas Terry died 1886 Cuban business magnate Thomas D. Terry 1816 1897 president of Santa Clara University Tom
  • Herb Kirsh 1929 - 2014 American politician Nathan Kirsh born 1932 South African - born business magnate Philip Kirsh born 1964 65 businessman Kirsch
  • Christina Stone was a business woman, and was married Loke Wan Tho, a Singaporean business magnate and later to Jeffrey Stone a film director. Her final
  • John Chuang Tiong Choon born 1948 is a Singaporean business magnate best known as the co - founder of chocolate confectionery organisation Petra Foods
  • George Soros born 1930 is a business magnate investor, and philanthropist. Soros may also refer to: Alexander Soros born 1985 son of George Soros
  • Notable people with the surname include: Antonio Bernocchi 1859 1930 business magnate and philanthropist Eraldo Bernocchi born c. 1963 Italian musician
  • December 19, 1882 March 31, 1961 was a Rhode Island state senator and business magnate in the Rhode Island and Connecticut area. Flint was primarily invested
  • Musashi  yacht a super yacht built by Feadship and delivered to business magnate Larry Ellison in 2010 MS Musashi, a Panamanian cargo ship Musashi disambiguation

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