Definition

A person who has a lot of power and influence, especially in business or a specific industry.

Example

The oil magnate donated millions to charity.

Conversation

Did you hear about that new magnate in the tech industry?

Yeah, I read an article about him; he’s making some big waves.

It’s impressive how someone can rise to such power so quickly.

Absolutely, it makes you wonder what his next move will be!

Synonyms & Antonyms

Root Explanation

Magnate → It is derived from the Latin "magnas" (meaning great) and the suffix "-ate" (used to form nouns indicating a person). The word "magnate" refers to a person of great influence or importance, particularly in business or industry.

Memory Tip

Think of someone who is 'great' ('magnas') in their field — that's why a magnate is a person of significant influence.

Visually Confused Words