What context can I use each word in?
Learn when and how to use these words with these examples!
billionaire
Example
Jeff Bezos is a billionaire and the founder of Amazon. [billionaire: noun]
Example
She became a billionaire after her successful tech company went public. [billionaire: adjective]
magnate
Example
Warren Buffett is a renowned business magnate and investor. [magnate: noun]
Example
He is considered a real estate magnate due to his extensive property holdings. [magnate: adjective]
Good things to know
Which word is more common?
Billionaire is more commonly used than magnate in everyday language. Billionaire is a term that is widely recognized and understood, while magnate is less commonly used and more specific to business or industry-related discussions.
What’s the difference in the tone of formality between billionaire and magnate?
While billionaire is commonly used in both formal and informal contexts, magnate is more formal and often used in business or industry-related discussions.
