Word of the Week - MAGNATE

Today's word – MAGNATE

Pronunciation – mag-nate

Word type - noun

Definition – a person of influence or importance in any field of activity, especially in business or industry.

Word origin-

The word 'magnate' is derived from the Late Latin 'magnas', meaning a great man, which comes from Latin 'magnus' meaning 'great', and identifies a noble or other man in a high social position, by birth or wealth.

Quirky facts -

* Beer magnate, Peter Coors, of the Coors Brewing Company was arrested for drink driving on May 28 2006.

* Also in 2006, Las Vegas casino magnate, Steve Wynn, poked a hole the size of a silver dollar in Picasso's famous "Dream" painting, when he accidentally elbowed the $139 million dollar canvas. He had just sold the painting to another collector!

Sample sentence -

The media magnate made a takeover bid to achieve one hundred percent nationwide ownership.

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