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One who has become rich after starting out life poor. They are often knighted if living in the UK.

From the words Peasant and President (meant as in president of a company. Although it could just as easily refer to someone become the actual president of a country).

Examples of peasidents include (Sir) Alan Sugar and (Sir) Richard Branson.
"Oooh! Richard Branson is such a peasident!"
"I know! But he's not on The Apprentice like Alan Sugar. He's more of a peasident."
"Quite possibly."
by state.of.bliss! October 17, 2007
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