Crossword Genius

Terribly glum about old magnate (5)

Ross

I believe the answer is:

mogul

'magnate' is the definition.
(I know that magnate can be written as mogul)

'terribly glum about old' is the wordplay.
'terribly' indicates anagramming the letters.
'about' means one lot of letters goes inside another.
'old' becomes 'o' (abbreviation).
'glum' is an anagram of 'mgul'.
'mgul' placed around 'o' is 'MOGUL'.

(Other definitions for mogul that I've seen before include "Magnate; mound of hard snow on a ski slope" , "Important person; snow mound on a ski slope" , "Powerful person, potentate" , "Mound of hard snow on ski-slope" , "Powerful businessman" .)

I've seen this clue in The Mirror.
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