Unit 8 8.2 Making money- D. reading

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Another company which sells the same products and services as you.
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?
Bring up
Military school
Real estate
Income tax
Skyscraper
Fortune
Vocabulary:

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 investing in … in Saudi Arabia.
fortune
real estate


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
Five
14
Twenty- five
Nineteen ninety- one
Eight hundred and ninety million
One billion
Five point five billion
Three hundred and fifty million
Find these number in the text. What do they refer to?
1
7
5
2
4
6
3
8
9
10
11
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
Chairman
investments
25% stake
5% shareholding
investor
run
study
real estate
$1 billion
$890 million
$5.5 billion
latest project
Kingdom centre


HOMEWORK
Learn by heart new words.
Practice retelling the passage
Do exercises part B in your workbook.
Thank you for your attention!