2.Readthetextagain.Arethesestatementstrueorfalse.

1.Heoweshisgrandmother£1,000.

2.HesoldhishouseinLondon.

3.Hehassharesinfourcompanies.

4.Heisalawyer.

5.Hepaysalotoftax.

6.Hisfathergiveshim£100amonth.

7.Hespendsalotofmoneyonhishobby.

3.Reading.Readthearticleandchoosethecorrectanswertothequestionsbelow.Mindthenewwords.

chairman	председательправления
royal	королевский
successful	успешный
tobringup	воспитывать
toattendmilitaryschool	учитьсяввоеннойшколе
togetMasters	получитьстепеньмагистра
tomakefortune	сделатьсостояние

realestate	недвижимость
beworth	иметьденьги,состояние
incometax	подоходныйналог
skyscraper	небоскреб
profitable	приносящийдоход

PrinceAlwaleedbinTalal

PrinceAlwaleedisthememberoftheSaudiroyalfamily.HeisalsoChairmanofKingdomHoldings.Thiscompanyhasinvestmentsallovertheworld,totalingover$15billion.ItisamajorshareholderinDisneylandParis,whereitholdsa25%stake.ThecompanyalsoownstheFourSeasonshotelgroup,hasa5%shareholdinginCiticorp,owns

5%ofAppleComputers,andinadditionhasstakesinmanyothercompaniessuchasTWA,NetscapeandMotorola.

PrinceAlwaleedisone of the most

successfulinvestorsintheworld.Chairmanofhisfirstcompanyatthe

ageoffourteen,Prince

AlwaleedwasbroughtupinBeirutbeforereturning

toSaudiArabiatoattend

militaryschool.

He studied at

UniversityinSanFranciscoandgothisMastersfromSyracuse

University.HemadehisfirstfortuneintheeightiesinvestinginrealestateinSaudiArabia.HealsoworkedasalocalpartnerforKoreancompaniesinthecountry.By1988hewasworthover$1billion.LuckilyforhimthereisnoincometaxinSaudiArabia.

In1991hemadethefirstinvestmentinhislife.Heboughtshares

for$890millioninCiticorp,America’slargestbankatthattime.Thatstakeisnowworth$5.5billion.HislatestprojectistobuiltthehighestskyscraperinRiyadh.RiyadhiscontinuingtogrowasthecommercialcapitalofSaudiArabia,anditlooksasifthe$350mKingdomCentrewillbeyetanotherprofitableinvestment.

3.1Choosethecorrectanswer.

a.	isasubsidiaryofCiticorp.
b.	hasastakeinCiticorp.
c.	borrowsmoneyat5%atCiticorp.

_{1.KingdomHoldings….}

a.	studiedinSanFrancisco.
b.	ranhisfirstcompany.
c.	boughtsharesinDisneylandParis.

_{2.Whenhewasfourteenhe….}

a.	investedinpropertyinSaudiArabia.
b.	workedinKorea.
c.	lostover$1billion.

_{3.Intheeightieshe…}

a.	isworth$890million.
b.	hasincreasedby$890million.
c.	cost$890million.

_{4.HisstakeinCiticorp…}

a.	ownsaquarterofthesharesinDisneylandParis.
b.	hasasmallstakeinDisneylandParis.
c.	isthemajorityshareholderinDisneylandParis.

_{5.KingdomHoldings…}