tycoon vs magnate

tycoon and magnate both are nouns.

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

As nouns, tycoon and magnate are synonyms defined as:

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

tycoon (noun)	magnate (noun)
a very wealthy or powerful businessman	a very wealthy or powerful businessman