noun
- wealthy and influential people in business or industry
Usage: plural of magnate
Examples
- The oil magnates controlled much of the industry in the early 1900s.
- Media magnates often own multiple television networks and newspapers.
- Steel magnates built enormous fortunes during the Industrial Revolution.
- The conference attracted tech magnates from Silicon Valley.
- Railroad magnates shaped the development of the American West.
- These business magnates donated millions to charity.