Bill Gates fourth most powerful person in the world in 2012, up from fifth in 2011. In 1994, he was honored as the 20th Distinguished Fellow of the British Computer Society (DFBCS). In 1999, Gates received New York Institute of Technology's President's Medal. Gates has received honorary doctorates from Nyenrode Business Universiteit, Breukelen, The Netherlands, in 2000; KTH Royal Institute of Technology, Stockholm, Sweden, in 2002; Waseda University, Tokyo, Japan, in 2005; Tsinghua University, Beijing, China, in April 2007; Harvard University in June 2007; the Karolinska Institute, Stockholm, in 2007, and Cambridge University in June 2009. He was also made an honorary
Business magnate Business magnate A business magnate or industrialist is 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, 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". The word "magnate" derives from the Latin "magnates" (plural of "magnas"), meaning "a great man" or "great nobleman". The word tycoon derives from the Japanese word , which means "great lord",