English

Definition of magnate noun from the Oxford Advanced Learner's Dictionary

 

magnate

 noun
noun
BrE BrE//ˈmæɡneɪt//
 
; NAmE NAmE//ˈmæɡneɪt//
 
Business people
 
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a person who is rich, powerful and successful, especially in business a media/property/shipping magnate The company was owned by shipping magnate Fred Olsen. See related entries: Business people Word Origin late Middle English: from late Latin magnas, magnat- ‘great man’, from Latin magnus ‘great’.
See the Oxford Advanced American Dictionary entry: magnate