The latest breakthroughs in the synthetic preparation of nanomaterials have led to an expanding library of novel, complex and shape controlled structures with unique characteristics. Anisotropic Janus particles (JPs) are asymmetrical and are able to endow diverse chemical and physical characteristics with directionality within a single particle. They are typically distributed into three classes, viz polymeric, inorganic and polymeric-inorganic and is made in a variation of morphologies including spherical, mushroom, snowman shaped, rod or cylindrical. Herein, we focus on JPs with a magnetic component, with emphasis on their fabrication, unique characteristics and recent applications.