UK:*UK and possibly other pronunciationsUK and possibly other pronunciations/ˈmægneɪt/US:USA pronunciation: IPA and respellingUSA pronuncation: IPA/ˈmægneɪt, -nɪt/ ,USA pronunciation: respelling(magnāt, -nit)

WordReference Random House Learner's Dictionary of American English © 2020
mag•nate /ˈmægneɪt, -nɪt/USA pronunciation   n. [countable]
  1. a person of great influence or importance in a particular field:an oil magnate.

WordReference Random House Unabridged Dictionary of American English © 2020
mag•nate  (magnāt, -nit),USA pronunciation n. 
  1. a person of great influence, importance, or standing in a particular enterprise, field of business, etc.:a railroad magnate.
  2. a person of eminence or distinction in any field:literary magnates.
  3. World Historya member of the former upper house in either the Polish or Hungarian parliament.
magnate•ship′, n. 
  • Late Latin magnātēs leading people, equivalent. to Latin magn(us) magn- + -ātēs, plural of -ās noun, nominal suffix
  • back formation from Middle English magnates (plural) 1400–50

Collins Concise English Dictionary © HarperCollins Publishers::
magnate /ˈmæɡneɪt -nɪt/ n
  1. a person of power and rank in any sphere, esp in industry
  2. a great nobleman
Etymology: 15th Century: back formation from earlier magnates from Late Latin: great men, plural of magnās, from Latin magnus great

ˈmagnateˌship n
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