magnate
n. countablen. a person who is very wealthy and powerful in a specific industry. You often hear this word used for leaders in business like oil, steel, or media.
n. a person of great wealth, influence, or power in a particular area of business or industry.
The media magnate owns several major television networks.
After decades of aggressive expansion, the shipping magnate controlled nearly half of the global container fleet.
The biography explores how a small-town entrepreneur transformed himself into a global steel magnate, eventually wielding more political influence than many elected officials.
Borrowed into late Middle English from Late Latin magnātēs, plural of magnās, from magnus (“great”), mid 15th c.
Often paired with a specific industry noun acting as a modifier, such as 'media magnate' or 'real estate magnate'.