Business magnate

A business magnate or industrialist is an entrepreneur of 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, moguls, proprietors, tycoons, taipans, barons, or oligarchs.

Howard Hughes
Howard Hughes was a major American aviation and film maverick during the 20th century.


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

Jeff Bezos 2016
American retailer and founder of company Amazon, Jeff Bezos, who as of April 2018 is the wealthiest person in the world.

The word 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. U.S. 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.

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.


John D. Rockefeller 1885
John D. Rockefeller
Andrew Carnegie, three-quarter length portrait, seated, facing slightly left, 1913
Andrew Carnegie
Henry ford 1919
Henry Ford

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.

See also



  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

1899 Vanderbilt Commodores football team

The 1899 Vanderbilt Commodores football team represented Vanderbilt University during the 1899 Southern Intercollegiate Athletic Association football season. The Commodores were coached by James L. Crane, in his first year as head coach. Quarterback Frank Godchaux, the father of Frank Godchaux, Jr., from Abbeville, Louisiana, who transferred from LSU to Vanderbilt in 1897, lettered this year in football. After football, he became a self-made business magnate of a successful rice milling company. Grantland Rice lettered at end.

Federal Alliance (South Africa)

The Federal Alliance (Afrikaans: Federale Alliansie) was a small South African political party that contested the South African general election in 1999. The party was led by business magnate Louis Luyt, and founded in 1998.

They later joined the Democratic Party and the New National Party to form the Democratic Alliance but eventually broke away. The party did not contest the general election in 2004, instead fielding two candidates to the Gauteng Provincial Legislature on the DA's electoral lists. The FA gained these two seats in 2005 when the MPLs defected during the floor crossing window. This soured its relationship with the DA and ended all co-operation between the two parties.

After contesting the 2006 municipal elections in Gauteng, failing to win any seats, the FA instead joined the Freedom Front Plus in 2007, with leader Dr. Pieter Mulder and Luyt announcing the merger.

Franklin Clarence Mars

Franklin Clarence Mars (; September 24, 1882 – April 8, 1934), sometimes known as Frank C. Mars, was an American business magnate who founded the eponymous food company Mars, Incorporated, which mostly makes chocolate candy. Mars' son Forrest Edward Mars developed M&M's and the Mars bar.

Grace Arents

Grace Evelyn Arents (1848 – June 20, 1926) was an heiress, Christian activist and philanthropist in Richmond, Virginia. She inherited $20 million from her uncle Lewis Ginter, a tobacco business magnate and philanthropist, and she used the money to transform Richmond for the better.

Herbert Johnson

Herbert Johnson may refer to:

Herbert Fisk Johnson Sr. (1868–1928), 2nd generation business magnate (S.C. Johnson & Son)

Herbert Johnson (cartoonist) (1878–1946), American cartoonist

Herb Johnson (footballer) (1879–1942), Australian footballer for Collingwood

Herbert Victor Johnson (1889–1962), Australian politician

Herbert Fisk Johnson Jr. (1899–1978), 3rd generation business magnate (S.C. Johnson & Son)

Herbert Fisk Johnson III (born 1958), 5th generation business magnate (S.C. Johnson & Son)

Herb Johnson (American football) (born 1928), American football halfback

Herb Johnson (basketball) (born 1962), professional basketball player

Herbert Johnson (hatters), London hatters

John Magnier

John Magnier (born 10 February 1948; also known as "The Boss") is an Irish business magnate. He is Ireland's leading thoroughbred stud owner and has extensive business interests outside the horse-breeding industry.

Magnier has also been a Senator in the upper house of the Irish Parliament, Seanad Éireann. He is based at Coolmore Stud at Fethard in County Tipperary, considered one of the world's pre-eminent stallion stations, and a nursery of thoroughbreds.

Kingdom 5KR

Kingdom 5KR (originally named Nabila) is an 85.65-metre (281 ft) superyacht built for Saudi billionaire Adnan Khashoggi that is now owned by Saudi business magnate Al-Waleed bin Talal.

List of Lebanese people in Saudi Arabia

The list includes:

Al-Waleed bin Talal: business magnate and investor. He is a member of the Saudi royal family.

Mona Al Solh: former wife Prince Talal and mother of Al-Waleed bin Talal.

Rafic Hariri: Lebanese-Saudi business tycoon and the Prime Minister of Lebanon from 1992 to 1998 and again from 2000 until his resignation on 20 October 2004.

Saad Hariri: Lebanese-Saudi billionaire who served as the Prime Minister of Lebanon from 2009 until 2011.

Bahaa Hariri, Lebanese-Saudi billionaire

Literatura Mondo

Literatura Mondo (Literary World) was a literary Esperanto periodical and publishing house in Budapest, Hungary between 1922 and 1949. It became the focal point of the so-called Budapest School of Esperanto literature. It was founded by Tivadar Soros, father of the Hungarian-born American investor, business magnate, billionare, open society ideologist George Soros.

Media proprietor

A media proprietor, media mogul or media tycoon refers to a successful entrepreneur or businessperson who controls, through personal ownership or via a dominant position in any media related company or enterprise, media consumed by a large number of individuals. Those with significant control, ownership, and influence of a large company in the mass media may also be called a tycoon, baron, or business magnate. Social media creators and founders can also be considered media moguls, as such channels deliver media to a large consumer base.

Mohammed Hamid (entrepreneur)

Mohammed Hamid (born 1976) is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Aya Group.

According to Forbes in 2015, he was the second richest African under 40, after Tanzanian multi-millionaire Mohammed Dewji.


Ravichandran is an Indian name. Notable people with the name include:

Ravichandran (Tamil actor) (1942–2011)

Ravichandran (Tamil film director) (active since 1998)

Dr. N. Ravichandran (active since 1980), Professor at IIM Ahmedabad

N. Ravichandran (active since 1997), Indian business magnate

Ravichandran Ashwin (born 1986), Indian cricketer

V. Ravichandran (born 1961), Kannada film actor, director and producer

Viswanathan Ravichandran (active since 1997), Tamil film producer

Samuel Goldwyn Films

Samuel Goldwyn Films is an American film company that licenses, releases and distributes art-house, independent and foreign films. It was founded by Samuel Goldwyn Jr., the son of the Hollywood business magnate/mogul, Samuel Goldwyn. The current incarnation is a successor to The Samuel Goldwyn Company.

Sudhir Ruparelia

Sudhir Ruparelia (born 17 January 1956) is a Ugandan business magnate and investor. He is the chairman and majority shareholder in the companies of the Ruparelia Group. His investments are mainly in the areas of banking, insurance, education, broadcasting, real estate, floriculture, hotels, and resorts.

According to Forbes in 2015, he was the 27th wealthiest individual in Africa, with an estimated net worth of US$800 million. On 20 October 2016, the Bank of Uganda, which regulates all banks in Uganda, took control of Crane Bank, the largest subsidiary of the Ruparelia Group, due to a significant decline in capital and potential run on the bank.

Think and Grow Rich

Think and Grow Rich was written in 1937 by Napoleon Hill, promoted as a personal development and self-improvement book. Hill writes that he was inspired by a suggestion from business magnate and later-philanthropist Andrew Carnegie.While the book's title and much of the writing concerns increasing income, the author insists that his philosophy can help people succeed in any line of work, to do and be anything they can imagine. First published during the Great Depression, the book, by Hill's death in 1970, had sold more than 20 million copies. By 2015, more than 100 million copies had been sold worldwide and Made into a film in 2018 produced by Joel Franco, Andrew Graham And Karina Donovan. It remains the biggest seller of Napoleon Hill's books. BusinessWeek magazine's Best-Seller List ranked it the sixth best-selling paperback business book 70 years after it was published. Think and Grow Rich is listed in John C. Maxwell's A Lifetime "Must Read" Books List.

Tinubu Square

Tinubu Square (formerly Independence Square), is an open space landmark located in Broad Street, Lagos Island, Lagos State, Nigeria. It used to be called Ita Tinubu in memory of Madam Efunroye Tinubu, a slave trader and business magnate, before it was named Independence Square by leaders of the First Republic and subsequently Tinubu Square.

Yang Rong (businessman)

Yang Rong (Chinese: 仰融; born 1957), also known as Yung Yeung and Benjamin Yeung is an exiled Chinese tycoon. He was born in Shanghai in 1957. Only a year after the magazine Forbes proclaimed him China's third richest businessman in 2001, Yang fled to the US following a dispute with the Chinese government.Famous for his close association with a Chinese microvan manufacturer, Yang has continued to be involved in the automotive industry since his flight to the US. There, his ventures have yet to achieve the same scale of success as those in his native China have done.

In the US, Yang has been involved with at least two businesses, Greentech Automotive and Hybrid Kinetic Motors. The latter is a hybrid vehicle company with an aim of manufacturing cars in Alabama, and the former planned to build all-electric vehicles in Mississippi. Hybrid Kinetic later dropped its Alabama plans due to a funding shortfall in 2009, and Yang has distanced himself from his other American venture, Greentech Automotive.

Ó hAonghusa

Ó hAonghusa is the surname of at least two distinct Gaelic-Irish families. It is now anglicised as Hennessy and Hennessey.

One Ó hAonghusa family were located at Cill Bheagáin, in the Kingdom of Uí Failghe, in the Irish midlands.

Another family surnamed Ó hAonghusa were found at Ros Ailithir, in the Kingdom of Desmond. It is from this family that the founder of Hennessy brandy, Richard Hennessy of Mallow and Cognac (1720–1800), descended. Richard's descendant, Kilian Hennessy (1907–2010), was a French business magnate and one of the patriarchs of the Hennessy cognac company.

Extreme wealth
See also

This page is based on a Wikipedia article written by authors (here).
Text is available under the CC BY-SA 3.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.