Magnates (7)

I believe the answer is:

tycoons

'magnates' is the definition.
('tycoon' can be a synonym of 'magnate')

This is the entire clue.

(Other definitions for tycoons that I've seen before include "Business magnates" , "Very wealthy or powerful business people" , "Powerful businessmen" .)

I've seen this clue in The Sunday Times, The Chronicle of Higher Education, the Thinks.com, the Newsday.com, The Times, the Universal, The Telegraph and the King Feature Syndicate.

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