Unit 8 8.2 Making money- D. reading

C O M P E T I T O R
S H A R E H O L D E R
D I V I D E N D
S H A R E
C O M P A N Y
1. 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

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
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.