Biography business tycoon meaning in english

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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.

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 and history

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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

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Tycoon: Who They Are, Different Types, FAQ

What Is a Tycoon?

A tycoon is a prominent figure in a particular industry who has amassed substantial wealth and power while building a business empire.

Tycoons are often identified in industries that have economic prominence. They've traditionally been associated with steel production, railroads, oil, and mining but several are closely associated with technology and internet companies.

The word tycoon is based on taikun, a Japanese term used to describe shoguns.

Key Takeaways

"Tycoon" was first used to describe wealthy industrialists who dominated their industries in the 19th and 20th centuries.
The word comes from the Japanese taikun whichwas originally used to describe military leaders.
The term tycoon is less negative than the term robber baron which was applied to many tycoons due to abusive business tactics.
Tycoons were traditionally in industrial sectors such as oil, steel, and rail. Many modern tycoons own businesses in technology and entertainment in the s.
Wealthy investors with large holdings aren't generally considered tycoons because they're investing with entrepreneurs rather than operating a business themselves.

Understanding Tycoons

Referring to owners of large busi

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