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



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 Originlate Middle English: from late Latin magnas, magnat- ‘great man’, from Latin magnus ‘great’.
See the Oxford Advanced American Dictionary entry: magnate