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yes a magnate is a wealthy person that controls BUSINESS

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Q: Is a wealthy person a magnate?

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yes a magnate is a wealthy person that controls BUSINESS

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Magnate

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A business magnate is a term used to describe a very powerful businessman, particularly with concentrated power in one industry. Other terms for a person in this position are tycoon, czar, or even baron and the biggest industry these magnates exist in is oil.

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John D Rockefeller is a/an Oil industry business magnate and philanthropist

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Antilla is owned by Indian business magnate Mukesh Ambani, click to learn more.

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