Business magnate

A business magnate is someone who has achieved great success and enormous wealth through the ownership of a multiple line of businesses. Successful entrepreneurs are examples of business magnates who wield great influence, importance, or standing in a particular enterprise or field of business. The term characteristically refers to a wealthy entrepreneur or investor who controls, through personal business ownership or dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals may also be called czars, industrialists, moguls, proprietors, tycoons, taipans, barons, or oligarchs.