Longman Dictionary of Contemporary English homepage

Date: 1400-1500
Language: Late Latin
Origin: magnates (plural), from Latin magnus 'great'

magnate

 noun
     
mag‧nate [countable]
a rich and powerful person in industry or business [= tycoon]
steel/oil/shipping etc magnate
a powerful media magnate
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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