Pronunciation: (mag'nāt, -nit), [key]
1. a person of great influence, importance, or standing in a particular enterprise, field of business, etc.: a railroad magnate.
2. a person of eminence or distinction in any field: literary magnates.
3. a member of the former upper house in either the Polish or Hungarian parliament.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.