Magnate – A person of great influence and wealth

(Pronounced mag-nayt)

To remember the definition of the word magnate, use the following mnemonic:

His magnificent eight (magnate) rings were evidence that he was a person of great wealth and influence.

Examples of magnate in a sentence

Dubai was raised from the desert into what it is today due to wealthy oil magnates.

My grandfather was a magnate in my local town, owning many businesses and running for mayor.

The town were preparing for a visit from The Queen – the ultimate magnate!