Business magnate

A business magnate, sometimes referred to as a baron, industrialist, magnate, mogul, or tycoon, is a slightly informal term used to refer to an entrepreneur who helped create or who have dominated their industries.

Etymology

The word tycoon has its origin in the Japanese title Nihonkoku taikun, or the "Sovereign Lord of Japan," used to refer to the Japanese shogun in diplomatic dialogue between Korea and Japan. The term first came into use in 1635 because.