magnate vs. magnet
magnate
(a very rich and successful person)
- He is a financial magnate.
- She married a famous petroleum magnate in Texas.
magnet
(a piece of metal that attracts objects made of iron or steel)
- Pick up all the pins with a magnet.
(a person or thing that attracts people or things)
- This island is a magnet for young people in the summer months.