GNU Collaborative International Dictionary of English

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1.       
   Magnate , [F. magnat, L. (pl.) magnates, magnati, fr. magnus great. See Master.]
   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.
   Macaulay.
   
   1913 Webster
   +PJC
   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.
   1913 Webster