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Throughout history, several individuals have been recognized as magnates due to their immense wealth and influence. Notable examples include Andrew Carnegie, a steel magnate who played a crucial role in the American steel industry during the late 19th century, and John D. Rockefeller, the oil magnate who founded Standard Oil and became one of the richest individuals in history. Other prominent magnates include Cornelius Vanderbilt, a key figure in the railroad and shipping industries, and J.P. Morgan, a powerful banker who helped to finance and reorganize several major American corporations. These individuals significantly shaped their respective industries and left lasting legacies.

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