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Saturday, September 06, 2008

Business magnate

A business magnate is a person who controls a large portion of a particular industry and whose wealth derives primarily from said control. They can also be referred to as moguls or tycoons.

Examples of well-known business magnates include newspaper magnate William Randolph Hearst of the Hearst Corporation, oil magnate John D. Rockefeller of Standard Oil and steel magnate Andrew Carnegie of US Steel.

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