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.

This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "Business magnate" – news · newspapers · books · scholar · JSTOR (April 2023) (Learn how and when to remove this template message)

|

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[edit]

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 derives from the Japanese word taikun (大君), which means "great lord", used as a title for the shōgun.[1][2] The word entered the English language in 1857[3] with the return of Commodore Perry to the United States. US President Abraham Lincoln was humorously referred to as the Tycoon by his aides John Nicolay and John Hay.[4] The term spread to the business community, where it has been used ever since.

## Usage[edit]

The examples and perspective in this article deal primarily with the United States and do not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. (January 2024) (Learn how and when to remove this template message)

|

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 business magnates in the western world include historical figures such as oilmen John D. Rockefeller and Fred C. Koch, automobile pioneer Henry Ford, aviation pioneer Howard Hughes, shipping and railroad veterans Aristotle Onassis, Cornelius Vanderbilt, Leland Stanford, Jay Gould and James J. Hill, steel innovator Andrew Carnegie, newspaper publisher William Randolph Hearst, poultry entrepreneur Arthur Perdue, retail merchant Sam Walton, and banker J. P. Morgan. Contemporary industrial tycoons include e-commerce entrepreneur Jeff Bezos, investor Warren Buffett, computer programmers Bill Gates and Paul Allen, technology innovator Steve Jobs, media proprietors Sumner Redstone and Rupert Murdoch, industrial entrepreneur Elon Musk, steel investor Lakshmi Mittal, telecommunications investor Carlos Slim, Virgin Group founder Sir Richard Branson, Formula 1 executive Bernie Ecclestone, and internet entrepreneurs Larry Page and Sergey Brin.

## Business magnates[edit]

* Samuel Slater

* James Finlayson

* Cornelius Vanderbilt

* Jamsetji Tata

* Henry J. Heinz

* John D. Rockefeller

* J. P. Morgan

* William Randolph Hearst

* Asa Griggs Candler

* Andrew Carnegie

* Henry Ford

* Ivar Kreuger

* Howard Hughes

* Dhirubhai Ambani

* Sam Walton

* Warren Buffett

* Rupert Murdoch

* Richard Branson

* Li Ka-shing

* Bill Gates

* Paul Allen

* Steve Jobs

* Lakshmi Mittal

* Larry Ellison

* Carlos Slim

* Michael Bloomberg

* Bernard Arnault

* Jeff Bezos

* Elon Musk

* Larry Page

* Sergey Brin

* Mark Zuckerberg

## See also[edit]

* Bloomberg Billionaires Index
* Bourgeoisie
* Business oligarch
* Businessperson
* Chaebol
* Media proprietor
* Real estate investing
* Robber baron
* Software industry
* The World's Billionaires
* Russian oligarchs, the term for Russian business magnates

## References[edit]

1. ^ Cummings, Donald Wayne (1988). American English Spelling: An Informal Description. JHU Press. p. 277\. ISBN 978-0-8018-3443-1. Retrieved 22 May 2012.
2. ^ "tycoon". Merriam-Webster. Retrieved 22 May 2012. "Origin of TYCOON Japanese taikun"
3. ^ "tycoon". Merriam-Webster. Retrieved 22 May 2012. "First Known Use: 1857"
4. ^ Goodheart, Adam (10 November 2010). "Return of the Samurai". The New York Times. Retrieved 22 May 2012.

## External links[edit]

Wikimedia Commons has media related to Business magnate.

Wikiquote has quotations related to Business magnate.

* Lewis, Mark (December 13, 2001). "The Famous 15: America's Most Fascinating Tycoons". Forbes.
* "25 Tycoons Who Run the World". Business Pundit. October 6, 2010.
* "Finlayson juhlii klassikkokuosien merkeissä". MTV3.fi - Koti (in Finnish). Bonnier AB. January 18, 2010. Archived from the original on 2010-01-23.

* v
* t
* e

* Social class

* Status
* Stratum
* Economic classes

| Theories|

* Elite theory
* Gilbert model
* Marxian
* Mudsill theory
* New class
* Spoon class theory
* Weberian (three-component)

|

Related​ topics|

* Caste
* Chattering classes
* Class conflict
* Class discrimination
* Class society
* Class traitor
* Classicide
* Classless society
* Euthenics
* Nouveau riche / Parvenu
* Poverty
* Ranked society
* Snobbery
* Social cleansing
* Social exclusion
* Social mobility
* Social orphan
* Social position
* Social stigma
* Subaltern

By demographic

| By status|

* Administrative detainee
* Alien
* illegal immigrant
* refugee
* Citizen
* dual or multiple
* native-born
* naturalized
* second-class
* Clique
* adolescent
* Convicted
* Migrant worker
* Political prisoner
* Stateless

|

By "collar"|

* Blue
* Green
* Grey
* New
* Pink
* White

By type|

| Ruling|

* Aristocracy
* Hanseaten
* Magnate
* Oligarchy
* Russian
* Patrician
* Ancient Rome
* Post-Roman
* Political
* Family
* List
* Hereditary
* Royal family

|

Intellectual|

* Clergy
* Priest
* Knowledge worker
* Professor
* Scholar

Warrior|

* Chhetri
* Cossacks
* Cuāuh
* Harii
* Hashashin
* Knight
* Kshatriya
* Nair
* Ocēlōtl
* Samurai
* Spartiate
* Vanniyar/Vanniar (Chieftain)

Upper|

* Business magnate
* Elite
* Gentry
* Lord
* Nobility
* Petty
* Old money
* Overclass
* Robber baron
* Seigneur
* Superclass

Creative|

* Bohemians

Middle|

* Bourgeoisie
* Petite
* Burgher
* Lower middle class
* Upper middle class

Working|

* Lazzaroni
* Lumpenproletariat
* Proletariat
* Working poor

Under|

* Ant tribe
* Commoner
* Outcast
* Outlaw / Prisoner
* Peasant / Serf
* Plebeian
* Rat tribe
* Slave / Freedman
* Untouchable

By country or region

| United States|

* Affluence
* American Dream
* History
* Mobility

Classes|

* Upper
* Black
* Donor
* Gentry
* Middle
* Black
* Mexican-American
* Upper Middle
* Underprivileged
* Lower
* Under

Income|

* Household
* Inequality
* Personal
* Poverty

Standard of living|

* Education
* Homelessness
* Home-ownership

Other regions​ or countries|

* Africa
* Belize
* Cambodia
* China
* Colombia
* France
* Haiti
* India
* Iran
* Italy
* Luxembourg
* Nepal
* New Zealand
* Nigeria
* Romania
* Sri Lanka
* Tibet
* United Kingdom
* United States

Historic|

* 18th-century Spain
* Ancient Greece
* Ancient Rome
* Aztec
* Ottoman Empire
* Pre-industrial East Asia
* Pre-industrial Europe
* Soviet Union

* Category

* v
* t
* e

Extreme wealth

Concepts|

* Capital accumulation
* Overaccumulation
* Economic inequality
* Wealth distribution
* Income distribution
* Consumption distribution
* International inequality
* Elite
* Oligarchy
* Overclass
* Plutocracy
* Plutonomy
*       * Primitive accumulation of capital
* Upper class
* Nouveau riche (new money)
* Vieux riche (old money)
* Luxury goods
* Veblen goods
* Conspicuous consumption
* Conspicuous leisure

People|

* Billionaire
* Captain of industry
* High-net-worth individual
* UHNWI
* Magnate
* Business
* Millionaire
* Oligarch
* Business
* Russian
* Ukrainian
* Robber baron

Wealth|

* Concentration
* Distribution
* Dynastic
* Effect
* Geography
* Inherited
* Management
* National
* Paper
* Religion
* Tax

Lists|

| People|

* Forbes list of billionaires
* List of centibillionaires
* Female billionaires
* Richest royals
* Wealthiest Americans
* Wealthiest families

|

Organizations|

* Largest companies by revenue
* Largest corporate profits and losses
* Largest corporations by market capitalization
* Largest financial services companies by revenue
* Largest manufacturing companies by revenue
* Largest software companies by revenue
* Largest technology companies by revenue
* Charities
* Philanthropists
* Universities
* Endowment size
* Number of billionaire alumni

Other|

* Cities by number of billionaires
* Countries by number of billionaires
* Countries by total wealth
* Countries by wealth inequality
* Wealth inequality in the United States
* Income inequality in the United States
* Most expensive items
* by category
* Wealthiest animals

Related|

* Diseases of affluence
* Affluenza
* Acquired situational narcissism
* Argumentum ad crumenam
* Prosperity theology

Philanthropy|

* Gospel of Wealth
* The Giving Pledge
* Philanthrocapitalism
* Venture philanthropy

Sayings|

* The rich get richer and the poor get poorer
* Socialism for the rich and capitalism for the poor
* Too big to fail

Media|

* Das Kapital
* Plutus
* Greek god of wealth
* Superclass
* List
* The Theory of the Leisure Class
* Wealth
* The Wealth of Nations

* Category
* by country

Authority control databases: National |

* Israel
* United States

|

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template