Unit 8 8.2 Making money- D. reading

C O M P E T I D E R S H A R E H O L D I V I D E N D S H A R E M P A N Y C O T O R Another company which sells the same products and services as you Owner of shares in a business company A part of a company’s profit paid to shareholders, usually once or twice a year A part of the capital of a company A group of people united for business or commercial purposes Who is he? Real estate Bring up Fortune Military school Income tax Skyscraper Vocabul ary: To bring up: Gọi mặt trận Military school: Trường quân Real estate: Bất động sản Income tax: Thuế thu nhập Skyscraper: Nhà chọc trời Fortune: Sự giàu có, cải, đồ To make one’s fortune: Phát đạt, phát tài Prince Alwaleed was brought … up in Beirut before returning to Saudi Arabia to attend military school He made his first fortune … in the eighties investing in real … estate in Saudi Arabia By 1988 he was worth over $1billion tax Luckily for him there is no income … in Saudi Arabia! His latest project is to build the highest … skyscraper in Riyadh 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 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 Find this number in the text What does it refer to? f billion What he was worth in dollars by 1988 Find this number in the text What does it refer to? B 14 His age when he ran his first company ... the country By 1 988 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 $89 0 million in Citicorp,... in Korea c lost over $1 billion His stake in Citicorp…… a is worth $89 0 million b has increased by $89 0 million √ c cost $89 0 million Kingdom Holdings… √ a owns a quarter of the shares in Disneyland... school He made his first fortune … in the eighties investing in real … estate in Saudi Arabia By 1 988 he was worth over $1billion tax Luckily for him there is no income … in Saudi Arabia! His latest