Definitions of magnate. a very wealthy or powerful businessperson. synonyms: baron, big businessman, business leader, king, mogul, power, top executive, tycoon. types: oil tycoon. a powerful person in the oil business..
magnate Business English
someone who has become very rich and successful in business or industry, especially someone who owns a large organization that they started themselves: a newspaper/oil/shipping/steel, etc. magnate Jacqueline Kennedy married the Greek shipping magnate, Aristotle Onassis..
Contemporary industrial tycoons include e-commerce entrepreneur Jeff Bezos, investor Warren Buffett, computer programmers Bill Gates and Paul Allen, technology innovator Steve Jobs, media proprietors Sumner Redstone and Rupert Murdoch, industrial entrepreneur Elon Musk, steel investor Lakshmi Mittal, telecommunications .
For most of the first half of 2023, French luxury goods magnate Bernard Arnault was the world's richest person, per Forbes—but that changed on June 8, 2023, when Tesla CEO Elon Musk overtook Arnault to become No. 1 in the world again..
