No. Magnetic fields fall off as 1/d when d is small compared to the size of the magnet, progressing to 1/d^3 when d is large compared to the magnet. (E.g. weird edge case-- it's inversely proportional to distance from an infinitely long wire).

Electromagnetic radiation from point sources falls off as 1/d^2.

Thanks a lot, both of you, learned something!

No, it’s a dipole moment instead of a monopole like electric charge. It goes as 1/r^3 in the far field.