magnate
UK: ˈmæɡneɪt | US: ˈmæɡneɪt
n. a person of great influence, power, or wealth, especially in a particular industry or field
n. historically, a noble or high-ranking leader
The word "magnate" traces back to the Latin root magnus (meaning "great"), which also gives us words like "magnificent" and "magnitude." The suffix -ate was adopted from Latin -atus, often used to form nouns denoting status or role. Originally, "magnate" referred to high-ranking nobles in medieval Europe, reflecting their societal power. Over time, the term expanded to describe industrial or business leaders, preserving the core idea of "greatness" in influence or wealth.
The oil magnate donated millions to environmental causes.
In the 19th century, railroad magnates dominated American industry.
She became a media magnate by building a global entertainment empire.
The tech magnate’s innovations revolutionized communication.
Medieval magnates often held vast lands and political authority.