| 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
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