magnate Definition

magnate
noun

1. Someone of high rank or great power, especially in industry.

Thesaurus: industrialist, tycoon, mogul, businessman, financier, capitalist, captain of industry, big cheese (slang), bigwig, fat cat (slang), VIP.

Etymology: 15c in earlier sense ‘a nobleman': from Latin magnus great.

Info:

There is sometimes a spelling confusion between magnate and magnet.