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 Universal, The Chronicle of Higher Education, the Newsday.com, The Sunday Times, the King Feature Syndicate, the Thinks.com, The Times and The Telegraph.

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