The most common and most likely answer to this crossword clue is the 6 letter word TYCOON
T
Y
C
O
O
N
More clues leading to the result TYCOON
- Big shot Young Conservative fills town up north
- Extremely tacky company working for fat cat
- Magnate not coy in flotation?
- Empty tacky sweet talk: new description of Trump?
- Magnate from outskirts of Torbay gets company working
- Big businessman not coming back to acquire unknown company
- Not coy, working for magnate
- Magnate from unknown firm in fashion
- One’s not coy splashing it around?
- Battling conformity, troubled firm drops top executive
Buddy explains!

The straight part
We know that "Magnate" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case magnate = tycoon.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does TYCOON mean?
TYCOON noun- A wealthy and powerful business person.