What context can I use each word in?
Learn when and how to use these words with these examples!
magnate
Example
The oil magnate donated millions of dollars to charity. [magnate: noun]
Example
He became a magnate in the tech industry after founding his own company. [magnate: noun]
tycoon
Example
The shipping tycoon owned a fleet of cargo ships. [tycoon: noun]
Example
She became a real estate tycoon after investing in properties across the country. [tycoon: noun]
Good things to know
Which word is more common?
Tycoon is more commonly used than magnate in everyday language.
What’s the difference in the tone of formality between magnate and tycoon?
Magnate is more formal than tycoon and is often used in more serious or academic contexts.
