A business magnate, sometimes referred to as a mogul, tycoon, baron, or industrialist, is a person who has reached a prominent place in a particular industry (or set of industries) and whose wealth has been derived primarily therefrom. Such people usually amass substantial fortunes in the process, and tend to become widely known in connection with their business(es) or through other pursuits such as philanthropy. Philanthropy is the act of donating money goods services time and/or effort to support a socially beneficial cause with a defined objective and with no financial or material The terms "mogul", "tycoon" and "baron" were often attributed to late 19th and early 20th century North American business magnates in extractive industries such as mining, logging and petroleum, transportation fields such as shipping and railroads, manufacturing—including steelmaking, banking, and newspaper publishing. Natural resources are naturally occurring substances that are considered valuable in their relatively unmodified ( natural) form Mining is the extraction of valuable Minerals or other geological materials from the earth usually (but not always from an Ore body Logging is the process in which Trees are cut down for Forest management and Timber. Petroleum ( L petroleum, from Greek πετρέλαιον, lit Shipping is physical process of Transporting goods and Cargo. "Railroad" and "Railway" both redirect here For other uses see Railroad (disambiguation. Steel is an Alloy consisting mostly of Iron, with a Carbon content between 0 A banker or bank is a Financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money This era was known as the Second Industrial Revolution or the Gilded Age. The Second Industrial Revolution, typically dated between 1870 and 1914 was a second phase of the Industrial Revolution, involving several developments within the chemical In American history, the Gilded Age refers to major growth in population in the United States and extravagant displays of wealth and excess of America's upper-class during
Examples of well-known business magnates include utility and transportation magnate Samuel Insull, newspaper magnate William Randolph Hearst of the Hearst Corporation, oil magnate John D. Rockefeller of Standard Oil, steel magnate Lakshmi Nivas Mittal of Mittal Steel, diamond magnate André A. Jackson of JFPI Corporation and software magnate Bill Gates of Microsoft. A public utility (usually just utility) is an organization that maintains the Infrastructure for a public service (often also providing a service using Samuel Insull ( November 11, 1859 &ndash July 16, 1938) was an Anglo-American Investor based in Chicago who was known A newspaper is a written Publication containing News, information and Advertising, usually printed on low-cost paper called Newsprint. For other people named William Randolph Hearst see William Randolph Hearst (disambiguation William Randolph Hearst I (April 29 1863 &ndash Hearst Communications Inc is a privately-held American -based Media conglomerate based in the Hearst Tower in New York City, USA John Davison Rockefeller ( July 8, 1839 &ndash May 23, 1937) was an American Industrialist and philanthropist Standard Oil was a predominant American integrated oil producing transporting refining and marketing company Lakshmi Mittal (or Lakshmi Narayan Mittal, लक्ष्मि नारायण मित्तल born 15 June 1950 is a London -based Indian Mittal Steel Company NV () was the world's largest Steel producer by volume and also the largest in turnover In Mineralogy, diamond is the allotrope of carbon where the carbon atoms are arranged in Dr André Action Diakité Jackson (born July 19 1964) - more commonly known by his African clan name M’Zée Fula-Ngenge, is a global diamond executive JFPI Corporation is an international closed-end investment and economic empowerment Conglomerate based in Africa. If you would like to experiment with Wikipedia please copy Microsoft Corporation is an American multinational Computer technology Corporation, which rose to dominate the Home computer
In Russia and some other post-Soviet countries, the term "business oligarch" has become popular. Russia (Россия Rossiya) or the Russian Federation ( Rossiyskaya Federatsiya) is a transcontinental Country extending The Soviet Union 's collapse into independent nations began early in 1985 Business oligarch is a near-synonym of the term " Business magnate "
The word tycoon is derived from the Japanese word taikun (大君?), which means "great lord," and it was used as a title for the shogun. is a language spoken by over 130 million people in Japan and in Japanese emigrant communities Taikun (大君 is an archaic Japanese term of respect derived from Chinese I Ching which once referred to a Monarch. Taikun (大君 is an archaic Japanese term of respect derived from Chinese I Ching which once referred to a Monarch. is a military rank and historical title in Japan. The Japanese word for "general" it is made up of two Kanji words sho, meaning "commander" The word entered the English language in the nineteenth century with the return of Commodore Perry to the United States. English is a West Germanic language originating in England and is the First language for most people in the United Kingdom, the United States Matthew Calbraith Perry ( April 10, 1794 &ndash March 4, 1858) was the Commodore of the U The United States of America —commonly referred to as the U.S. President Abraham Lincoln was humorously referred to as the Tycoon by his aides John Nicolay and John Hay. The President of the United States is the Head of state and Head of government of the United States and is the highest political official in United States by Abraham Lincoln (February 12 1809 &ndash April 15 1865 the sixteenth President of the United States, successfully led his country through its greatest internal Humour or humor (see spelling differences) is the tendency of particular cognitive experiences to provoke Laughter and provide Amusement John George Nicolay (born February 26, 1832, as Johann Georg in, Rhineland-Palatinate &ndash September 26, 1901) was an John Milton Hay ( October 8, 1838 – July 1, 1905) was an American statesman diplomat author journalist and private secretary The term spread to the business community, where it has been used ever since.
The word mogul originally meant Mongol, or person of Mongolian descent. In this context, it refers to the Mughal Empire (mughal is the Indo-Aryan spelling of mogul) of India that existed between 1526 and 1857. The Mughal Empire ( Persian and self-designation گورکانی; مغلیہ سلطنت) was an Islamic imperial power which ruled most India, officially the Republic of India (भारत गणराज्य inc-Latn Bhārat Gaṇarājya; see also other Indian languages) is a country The early emperors of Mughal claimed themselves descendants of Mongol ruler Genghis Khan and adopted a Mongolian identity. Genghis Khan ( or;, Chinggis Khaan, ʧiŋgɪs χaːŋ Činggis Qaɣan; 1162–1227 born (meaning "ironworker" was the Mongol founder The modern meaning of the word is supposedly derived from the excessive riches of the Mughal emperors, which for example produced the Taj Mahal. The Taj Mahal (tɑdʒ
The word magnate itself derives from the Latin word magnates (plural of magnas), meaning "great person" or "great nobleman. Magnate, from the Late Latin magnas, a great man itself from Latin magnus 'great' designates a noble or other man in a high social position Latin ( lingua Latīna, laˈtiːna is an Italic language, historically spoken in Latium and Ancient Rome. "
As the term industrialist (from the English word industry) was more widely used in the context of "old world" industries such as steel, oil, newspapers, shipping and rail transport, it has largely been superseded by the other, more modern terms that encompass a wider range of business and commercial activity.