If you’re a hugely successful businessperson, particularly if you’ve cornered the market in a specific area, you’re a magnate. Magnates are often larger-than-life characters, like that oil tycoon who wears a cowboy hat with his tuxedo.

Historically, a magnate was a man of noble birth (from the Latin magnus, meaning "a nobleman," or at least someone distinguished by his achievements. In the twentieth century, the stock of a magnate has rather fallen. If you’re vulgar and loud-spoken as well as rich, you’re probably a magnate. Thanks to the legendary movie producer Samuel Goldwyn, all film studio heads are now "studio magnates."

Definitions of magnate
  1. noun
    a very wealthy or powerful businessperson
    synonyms: baron, big businessman, business leader, king, mogul, power, top executive, tycoon
    see moresee less
    oil tycoon
    a powerful person in the oil business
    type of:
    businessman, man of affairs
    a person engaged in commercial or industrial business (especially an owner or executive)
DISCLAIMER: These example sentences appear in various news sources and books to reflect the usage of the word ‘magnate'. Views expressed in the examples do not represent the opinion of or its editors. Send us feedback
Word Family

Look up magnate for the last time

Close your vocabulary gaps with personalized learning that focuses on teaching the words you need to know.

VocabTrainer -'s Vocabulary Trainer