Claim: Mukesh Ambani is an Indian entrepreneur.

A business magnate -LRB- formally industrialist -RRB- 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 in a firm or industry whose goods or services are widely consumed . Such individuals may also be called czars , moguls , proprietors , tycoons , taipans , barons , or oligarchs .