Magnate vs. Magnet
Magnate
Definition
A magnate is a wealthy and influential person, especially in business or industry.
Magnet
Definition
A magnet is an object that produces a magnetic field, attracting certain metals like iron.
Example
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The tech magnate is known for his innovative ideas.
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She became a real estate magnate after developing several successful properties.
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The oil magnate donated millions to charity.
Example
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The refrigerator door has a magnet to keep it closed.
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He used a magnet to retrieve the metal object from the bottom of the pond.
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The magnet pulled the paper clips towards it.