mag·nate (măgnāt′, -nĭt)
A powerful or influential person, especially in business or industry: an oil magnate.
[Middle English magnates, magnates, high officials (attested only in pl.), perhaps from Late Latin magnātēs, pl. of magnās, great man , or from Late Latin magnātus, great man, both from Latin magnus, great; see meg- in the Appendix of Indo-European roots.]
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