magnate [noun]: a person of great wealth and influence, esp. in the business world.
Example: Many business magnates like Bill Gates and Warren Buffet have decided to leave most of their wealth to charity.
Related words: magnateship [noun]
Synonyms: bigwig, boss, chief, industrialist, leader, mogul, plutocrat, tycoon
Antonyms: beggar, pauper
Tags: GRE
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