Unit 8 8.2 Making money- D. reading

Prince Alwaleed was … in Beirut before returning to Saudi Arabia to attend .... It is a major shareholder in Disneyland Paris, where it hold a 25% stake.. It also owns the Four Seasons

2 Owner of shares in a business company.

3 A part of a company’s profit paid to shareholders, usually once or twice

a year.

4 A part of the capital of a company.

5 A group of people united for business or commercial purposes.

Who is he?

Vocabul ary:

To bring up: Gọi ra mặt trận

Military school: Trường quân sự

Real estate: Bất động sản

Income tax: Thuế thu nhập

Skyscraper: Nhà chọc trời

Fortune: Sự giàu có, của cải, cơ đồ

To make one’s fortune: Phát đạt, phát tài

Prince Alwaleed was … in Beirut before

returning to Saudi Arabia to attend

brought up

military school

He made his first … in the eighties

By 1988 he was worth over $1billion

Luckily for him there is no …

in Saudi Arabia!

income tax

His latest project is to build the highest

… in Riyadh skyscraper

PRINCE ALWALEED BIN TALAL

Prince Alwaleed is a member of Royal family He is also chairman of Kingdom holdings This company has

investments all over the world, totaling over $15

billion It is a major shareholder in Disneyland Paris, where it hold a 25% stake It also owns the Four

Seasons hotel group, has 25% shareholding in

Citicorp, owns 5% of Apple Computers, and in

addition has stakes in many other companies such as TWA, Netscape, Daewoo, and Motorola Prince

Alwaleed is one of the most successful investors in the world Chairman of his first company at the age of

fourteen, Prince Alwaleed was brought up in Beirut

before returning Saudi Arabia to attend military

School.

He studied at university in San Francisco and got his

Masters from Syracuse University He made his first fortune in the eighties investing in real estate in Saudi Arabia He also worked as a local partner for Korean companies in the country By 1988 he was worth over

$1 billion Luckily for him there in no income tax in

Saudi Arabia!

In 1991 he made the best investment of his life He

bought shares for $890 million in Citicorp, America’s largest bank at that time That stake is now worth

$5.5 billion His latest project is to build the highest skyscraper in Riyadh Riyadh is continuing to grow as the commercial capital of Saudi Arabia, and it looks as

if the $350 m Kingdom Centre will be yet another

profitable investment.

Choose the best answer to these questions.

1 Kingdom Holdings… a is a subsidiary of Citicorp.

b has a stake in Citicorp

c borrows money at 5 % from Citicorp

2 When he was fourteen he… a studied in San Francisco

b ran his first company

c bought shares in Disneyland Paris

3 In the eighties he… a invested in property in Saudi Arabia

b worked in Korea

c lost over $1 billion

4 His stake in Citicorp…… a is worth $890 million

b has increased by $890 million

c cost $890 million

5 Kingdom Holdings… a owns a quarter of the shares in Disneyland Paris

b has a small stake in Disneyland Paris

c is majority shareholder in Disneyland Paris

√

√

√

√ √

Find these number in the text What do they refer to?

Look at these numbers carefully

a Five

b.14

c Twenty- five

d.Nineteen ninety- one

e.Eight hundred and ninety

million

f One billion

g Five point five billion

h.Three hundred and fifty

million

Find these number in the text What do they refer to?

8 9

Find this number in the text What does it refer to?

a five

Prince Alwaleed’s percentage shareholding in Citicorp and Apple computers

What he was worth in dollars by 1988

Find this number in the text

What does it refer to?

f 1 billion

Find this number in the text

What does it refer to?

B 14

His age when he ran his first company

Find this number in the text What does it refer to?

g 5.5 billion

What his stake in Citicorp is worth now

Find this number in the text What does it refer to?

d nineteen ninety- one

The year he bought his shares in Citicorp.

Find this number in the text What does it refer to?

c twenty- five

His stake in Disneyland Paris

Find this number in the text

What does it refer to?

h 350 million

The amount of his

investment in the Kingdom

Centre

Find this number in the text What does it refer to?

e 890 million

The price he paid in dollars for the Citicorp shares

Congratulations!

Summarize the article using the suggested words

HOMEWORK

Than k yo

on!