Definitions from Wiktionary (magnate)

▸ noun:  Powerful industrialist; captain of industry.
▸ noun:  A person of rank, influence or distinction in any sphere.
▸ noun:  (historical) In medieval and early modern Italy, a member of a legally defined category of especially wealthy patrician families, often deprived of the right to political participation by republican governments.
▸ Also see magnate

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