Definition, Meaning & Synonyms

business-magnate

noun

/ˈbɪznəs ˈmæɡ.neɪt/

Definition

A business magnate is a person who has achieved great wealth and success in a particular industry, often having significant influence and power in business affairs.

Examples

After years of hard work, she became a business magnate in the tech industry, leading several successful startups.
His investments in real estate made him one of the most prominent business magnates in the country.
The event was attended by several business magnates who shared their insights on entrepreneurship.

Meaning

The term refers to individuals who are known for their strong presence in the business world, typically characterized by their entrepreneurial spirit and substantial financial resources.