Meaning of the word tycoon in English

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

tycoon

US /taɪˈkuːn/
UK /taɪˈkuːn/
"tycoon" picture

Noun

a wealthy, powerful person in business or industry

Example:
The media tycoon owned several television networks and newspapers.
He started as a small entrepreneur and became a shipping tycoon.