baron vs magnate

baron and magnate both are nouns.

Word	Noun	Adjective	Verb	Adverb
baron	Yes	No	No	No
magnate	Yes	No	No	No

As nouns, baron and magnate are synonyms defined as:

Other synonyms of baron include big businessman, business leader, king, mogul, power, top executive, tycoon.

baron (noun)	magnate (noun)
a British peer of the lowest rank	a very wealthy or powerful businessman
a very wealthy or powerful businessman
a nobleman (in various countries) of varying rank