A
business magnate (formally
industrialist) refers to an entrepreneur of 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, products, or services are widely consumed. Such individuals may also be called
czars,
moguls,
tycoons,
taipans,
barons, or
oligarchs.