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 title Nihonkoku taikun, or the "Sovereign Lord of Japan," which was used to describe the Japanese shogun from 1635 onward.