Meaning of the word nabob in English

What does nabob mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

nabob

US /ˈneɪ.bɑːb/
UK /ˈneɪ.bɒb/

Noun

a person of great wealth or prominence

Example:
The city's wealthiest nabob donated a large sum to the new museum.
He lived like a nabob, with servants and lavish parties.