A business magnate, sometimes referred to as a mogul, tycoon, baron, oligarch, or industrialist, is a partially informal term used to refer to a person who has reached a prominent place in a particular industry (or set of industries) and whose wealth has been derived primarily therefrom. Description 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. The terms "mogul"… (More on Industrialist)