D defs.my
Entry 2 senses Webster, 1913

Magnate

/măg'-nət/ · Mag·nate · IPA /ˈmæɡneɪt/
01 A person of rank; a noble or grandee; a person of influence or distinction in any sphere; -- used mostly of prominent business executives; …
  1. 1.
    A person of rank; a noble or grandee; a person of influence or distinction in any sphere; -- used mostly of prominent business executives; as, an industrial magnate.
  2. 2.
    One of the nobility, or certain high officers of state belonging to the noble estate in the national representation of Hungary, and formerly of Poland.