Business magnate - Definition and Overview

A business magnate, sometimes referred to as a mogul or a tycoon, is a person who controls a large portion of a particular industry and whose wealth derives primarily from said control. Tycoon comes from the Japanese 大君 (taikun), a word borrowed from Chinese meaning "great lord" and used to imply to foreigners that the Shogun was Japan's Emperor.

Examples of well-known business magnates include newspaper magnate William Randolph Hearst of the Hearst Corporation, oil magnate John D. Rockefeller of Standard Oil and steel magnate Andrew Carnegie of US Steel.

In Russia and some other post-Soviet the term "business oligarch" became popular.

Notable magnates

• From the real world:
  • Conrad Black
  • Andrew Carnegie
  • Cecil Rhodes
  • Powell Crosley
  • Henry Morrison Flagler
  • William Randolph Hearst
  • James J. Hill
  • Rupert Murdoch
  • Aristotle Onassis
  • John D. Rockefeller
  • See "Business oligarch" for business magnates of Russia and Ukraine
• Fictional (stories):
  • A Corner in Wheat
  • Charles Foster Kane
  • Roberto Rastapopoulos