Simple Definition of magnate

from our Learner's Dictionary

magnate

noun

ˈmægˌneɪt

plural magnates

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

a railroad magnate

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“Magnate.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/magnate. Accessed 17 Jun. 2026.

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