'industrialist' originates from the word 'industry,' which comes from Latin 'industria,' meaning 'diligence' or 'activity.'

'industry' evolved from the Old French word 'industrie,' which was adopted into Middle English as 'industrie,' eventually leading to the modern English word 'industry.'

Initially, it referred to 'diligence or activity,' but over time it evolved to mean 'a sector of the economy' and 'a person involved in industry.'