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English definition of “magnate”

magnate

noun [C]
 
 
/ˈmæɡneɪt/
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.
(Definition of magnate from the Cambridge Business English Dictionary © Cambridge University Press)
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