Dictionary.com
Thesaurus.com
Synonyms

magnate

American  
[mag-neyt, -nit] / ˈmæg neɪt, -nɪt /

noun

  1. a person of great influence, importance, or standing in a particular enterprise, field of business, etc..

    a railroad magnate.

  2. a person of eminence or distinction in any field.

    literary magnates.

  3. a member of the former upper house in either the Polish or Hungarian parliament.


magnate British  
/ ˈmæɡneɪt, -nɪt /

noun

  1. a person of power and rank in any sphere, esp in industry

  2. history a great nobleman

  3. (formerly) a member of the upper chamber in certain European parliaments, as in Hungary

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Other Word Forms

  • magnateship noun

Etymology

Origin of magnate

1400–50; back formation from Middle English magnates (plural) < Late Latin magnātēs leading people, equivalent to Latin magn ( us ) magn- + -ātēs, plural of -ās noun suffix

Explanation

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."

Keep Reading on Vocabulary.com

Vocabulary lists containing magnate

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

The Victorian-era town with dramatic cliffs is on the windswept northeast coast and was developed as a resort by a Quaker mining and railroad magnate in 1861.

From The Wall Street Journal • Mar. 25, 2026

It has become a magnate not only for tourists, but also immigrants moving to destinations such as Medellín and Bogotá from the likes of the US, Canada and the UK.

From BBC • Mar. 19, 2026

Hotel magnate Thomas Pritzker once replied to him saying “Please excuse my lack of typos.”

From The Wall Street Journal • Mar. 11, 2026

"That's been sort of a side effect of the modern world," said Wright, a former fracking magnate.

From Barron's • Feb. 17, 2026

The second was a donation of £250,000 from the automobile magnate Lord Austin, which ended the Cavendish’s poverty-row ways for good.

From "Big Science" by Michael Hiltzik