magnate vs baron

magnate and baron both are nouns.

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

As nouns, magnate and baron are synonyms defined as:

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

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