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A tycoon, also known as business magnate or mogul, is an extremely wealthy and powerful person whose fortune derives primarily

from one particular industry. A tycoon usually becomes well-known in both economic and social circles, and many engage in charity endeavors. They often become a household name. The word tycoon comes from the Japanese word taikun, meaning "great lord". The word has been in use since the mid 19th century, first humorously to refer to powerful members of society, and eventually to identify rich businessmen.

Born on January 28, 1940 is a Mexican business magnate, investor, and philanthropist. Slim has been ranked by Forbes as the richest person in the world since 2010. His extensive holdings in a considerable number of Mexican companies through his conglomerate, Grupo Carso, SA de CV, have amassed interests in the fields of communications, technology, retailing, and finance. Presently he is the chairman and chief executive of telecommunications companies Telmex and América Móvil. His annual salary is $ 2,147,483,647. Net Worth: $ 73 Billion

Born on 28th October 55. He is an American business magnate, investor, programmer, inventor and philanthropist. Gates is the former chief executive and current chairman of Microsoft, the world’s largest personal-computer software company, which he cofounded with Paul Allen. Gates is one of the best-known entrepreneurs of the personal computer revolution. Gates has pursued a number of philanthropic endeavors, donating large amounts of money to various charitable organizations and scientific research programs through the Bill & Melinda Gates Foundation, established in 2000. His annual salary is: $ 3,710,000,000 Net worth: $ 67 billion

Born on 28 March 1936 is a Spanish fashion executive and founding chairman of the Inditex fashion group, best known for its chain of Zara clothing and accessories retail shops. In early 2013 he was ranked as the third richest person in the world by Forbes. In 1975, he opened his first Zara store, so called because his preferred name Zorba was already taken. In 2011, Ortega announced his imminent retirement from Inditex. Net worth : $57 billion.

Born on August 30, 1930) is an American business magnate, investor, and philanthropist. He is widely considered the most successful investor of the 20th century. Buffett is the primary shareholder, chairman and CEO of Berkshire Hathaway and consistently ranked among the world's wealthiest people. Buffett is also a notable philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Gates Foundation. Net worth : US$ 53.5 billion

Born on August 17, 1944 is an American business magnate, cofounder and chief executive of Oracle Corporation, an enterprise software company. Ellison was born to an unwed 19 year old mother. When he was just nine months, her mother gave his child to be adopted by her aunt and uncle in Chicago. Ellison has a penchant for adventures, sailing and outdoor sports that has cost him more than a few million dollars Annual Salary:$96.2 M Net worth: US$ 43 billion

Born on November 1, 1935 is an American businessman and philanthropist. He is co-owner, chairman of the board, and chief executive officer of Koch Industries. Koch Industries has expanded to include process and pollution control equipment and technologies; polymers and fibers; minerals; fertilizers; commodity trading and services; forest and consumer products; and ranching. Koch provides financial support for a number of public policy and charitable organizations, including the Institute for Humane Studies and the Mercatus Center at George Mason University. Net worth: US$ 31 billion

Born May 3, 1940 is an American businessman, philanthropist, political activist, and chemical engineer. He is a co-owner (with older brother Charles) and an executive vice president of Koch Industries, a conglomerate that is the second-largest privately held company in the United States. Koch is a major patron of the arts and has contributed to several charities including Lincoln Center, Sloan Kettering, a fertility clinic at New York-Presbyterian Hospital and theAmerican Museum of Natural History's David H. Koch Dinosaur Wing He is a survivor of the USAir Flight 1493 crash in 1991. Net worth :US$ 31 billion

Born on 13 June 1928 in Chaozhou, is a Hong Kong business magnate, investor, and philanthropist. He is considered to be the richest person in Asia. Considered one of the most powerful figures in Asia, Li was named "Asia's Most Powerful Man, Li Ka-Ching" by Asiaweek in 2001. His companies make up 15% of the market cap of the Hong Kong Stock Exchange. Li has given away well over US$1 billion in philanthropy via his Li KaShing Foundation and other private charitable foundations. Net worth : US$31 billion

Born on 21 October 1922, is a French heiress, socialite, business woman and philanthropist. Liliane Bettencourt is perhaps one of most talked about billionaire socialite in France. A proportion of that fame comes from her position as biggest shareholder in L'Oréal and one of biggest individual shareholder in Nestle, whereby rest comes from her innate ability to hit newspaper Headlines with one scandal after the other. She has also been a generous philanthropist and promotes science research through various scholarship through her trusts for which she was also awarded. Net worth : US$ 30 billion

Born on 5 March 1949 is a French business magnate and art collector. Bernard is a noted art collector and is known for his contemporary collection, which includes pieces by Picasso, Yves Klein, Henry Moore and Andy Warhol. Bernard Arnault received the title of Commander of the French Legion of Honour on 10 February 2007. As head of Louis Vuitton Moet Hennessy (LVMH) Monsier Arnault has elevated the status of the corrporations acquired. Net worth: US $ 29 billion

“I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” Warren Buffett

“A successful life is one that is lived through understanding and pursuing one’s own path, not chasing after the dreams of others.” Chin-Ning Chu

“Take risks. Ask big questions. Don’t be afraid to make mistakes; if you don’t make mistakes, you’re not reaching far enough.” David Packard

“The only place where success comes before work is in a dictionary.” Vidal Sassoon

“Innovation distinguishes between a leader and a follower.” Steve Jobs