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.
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
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.
^Cummings, Donald Wayne (1988). American English Spelling: An Informal Description. JHU Press. p. 277. ISBN978-0-8018-3443-1. Retrieved 22 May 2012.
^"tycoon". Merriam-Webster. Retrieved 22 May 2012. Origin of TYCOON Japanese taikun
^"tycoon". Merriam-Webster. Retrieved 22 May 2012. First Known Use: 1857
^Goodheart, Adam (10 November 2010). "Return of the Samurai". The New York Times. Retrieved 22 May 2012.
External links
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.
. MTV3.fi - Koti (in Finnish). Bonnier AB. January 18, 2010. Archived from the original on 2010-01-23.
January 01, 2024
business, magnate, tycoon, industrialist, redirect, here, other, uses, tycoon, disambiguation, industrialist, disambiguation, magnates, mass, media, industry, media, proprietor, this, article, needs, additional, citations, verification, please, help, improve, . 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 Contents 1 Etymology 2 Usage 3 Business magnates 4 See also 5 References 6 External linksEtymologyThe 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 UsageModern 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 nbsp Samuel Slater nbsp James Finlayson nbsp Cornelius Vanderbilt nbsp Jamsetji Tata nbsp Henry J Heinz nbsp John D Rockefeller nbsp J P Morgan nbsp William Randolph Hearst nbsp Asa Griggs Candler nbsp Andrew Carnegie nbsp Henry Ford nbsp Ivar Kreuger nbsp Howard Hughes nbsp Dhirubhai Ambani nbsp Sam Walton nbsp Warren Buffett nbsp Rupert Murdoch nbsp Richard Branson nbsp Li Ka shing nbsp Bill Gates nbsp Paul Allen nbsp Steve Jobs nbsp Lakshmi Mittal nbsp Larry Ellison nbsp Carlos Slim nbsp Michael Bloomberg nbsp Bernard Arnault nbsp Jeff Bezos nbsp Elon Musk nbsp Larry Page nbsp Sergey Brin nbsp Mark ZuckerbergSee alsoBloomberg 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 magnatesReferences Cummings Donald Wayne 1988 American English Spelling An Informal Description JHU Press p 277 ISBN 978 0 8018 3443 1 Retrieved 22 May 2012 tycoon Merriam Webster Retrieved 22 May 2012 Origin of TYCOON Japanese taikun tycoon Merriam Webster Retrieved 22 May 2012 First Known Use 1857 Goodheart Adam 10 November 2010 Return of the Samurai The New York Times Retrieved 22 May 2012 External links nbsp Wikimedia Commons has media related to Business magnate nbsp 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 merkeissa MTV3 fi Koti in Finnish Bonnier AB January 18 2010 Archived from the original on 2010 01 23 Retrieved from https en wikipedia org w index php title Business magnate amp oldid 1190071866, wikipedia, wiki, book, books, library,
