mag·​nate | \ ˈmag-ˌnāt How to pronounce magnate (audio) , -nət \

Definition of magnate

: a person of rank, power, influence, or distinction often in a specified area a railroad magnate

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Examples of magnate in a Sentence

a studio magnate who had the biggest stars in Hollywood at his beck and call
Recent Examples on the Web Some suggested a movie magnate—a Christopher Nolan or the like—could swoop in to save the ArcLight. Angela Watercutter, Wired, "Can the ArcLight Cinema in Hollywood Be Saved?," 16 Apr. 2021 The multi-level marketing magnate, who was born into a poor farming family, founded and runs Melaleuca, which makes and distributes over 400 products, ranging from health supplements to eco-friendly household cleaners. Lisette Voytko, Forbes, "Here’s The Richest Billionaire In Every U.S. State 2021," 7 Apr. 2021 The billionaire casino magnate, who died in January, was a prominent Republican Party donor. Kerry Flynn, CNN, "Being owned by a billionaire is a struggling newsroom's dream. But it can turn into a nightmare," 8 Mar. 2021 Pollard's arrival was first reported by Israel Hayom, a newspaper owned by American casino magnate Sheldon Adelson. Bradford Betz, Fox News, "Convicted spy who sold US military secrets arrives in Israel, granted citizenship," 31 Dec. 2020 Russia’s richest person, steel magnate Alexey Mordashov, is worth $29.1 billion, up by $12.3 billion from a year ago. David Dawkins, Forbes, "Europe’s Billionaires Are $1 Trillion Richer Than A Year Ago," 6 Apr. 2021 The business empires of metals magnate Sanjeev Gupta and financier Lex Greensill leaned on each other to fuel their growth. Duncan Mavin, WSJ, "Greensill and Gupta’s Intertwined Empires Had for Years Raised Concerns Internally," 3 Apr. 2021 Steel magnate Andrew Carnegie said people fall into three basic categories: Those who did not do all their duty, those who only professed to do their duty and those who did their duty plus a little more. Harvey Mackay, Star Tribune, "The power of commitment," 14 Mar. 2021 The funding comes from the estate of Conrad Prebys, a San Diego real estate magnate who died in 2016. Gary Robbins, San Diego Union-Tribune, "San Diego arts, health, science and youth groups to share $71M from Prebys Foundation," 23 Mar. 2021

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'magnate.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of magnate

15th century, in the meaning defined above

History and Etymology for magnate

Middle English magnates, plural, from Late Latin, from Latin magnus

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Time Traveler for magnate

Time Traveler

The first known use of magnate was in the 15th century

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Statistics for magnate

Last Updated

1 May 2021

Cite this Entry

“Magnate.” Dictionary, Merriam-Webster, Accessed 6 May. 2021.

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English Language Learners Definition of magnate

: a person who has great wealth and power in a particular business or industry

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