Magnet or Magnate?

magnate = a person of power or influence (often in a specified area) 1) M A Yusuf Ali is a business Magnate from Kerala who owns the Lulu group of companies. 2) She was a magnate in the newspaper industry. 3) Real estate magnate, Media magnate, political magnate, property magnate. magnet = something that attracts (iron) 1) Kids took out a magnet from the damaged motor. 2) I love Fridge magnets. 3) Earth behaves like a big magnet 4) Munnar is a magnet for tourists to Kerala A Magnate might have a magnetic personality. But the two words are different.