Billionaire Red Bull Owner Dies
(ReliableNews.org) – In 1987, Dietrich Mateschitz and the late Chaleo Yoovidhya founded Red Bull, an energy drink that would go on to be one of the most popular in the world. The company has generated billions of dollars since then. Sadly, the last living member of the dynamic duo has passed away.
On Saturday, October 22, Red Bull’s Formula One racing team confirmed that Mateschitz died. The Austrian billionaire was 78 years old at the time of his death.
Danke für alles, Didi. pic.twitter.com/xzC8IhyGKP
— Oracle Red Bull Racing (@redbullracing) October 23, 2022
Mateschitz is credited with creating an entirely new drink category with Red Bull. The company sold 9.8 billion cans of the beverage in 2021. According to Forbes, a statement from the company stated that while the employees are all sad, they “will make way for gratitude […] for what he changed, moved, encouraged and made possible for so many individual people.”
While the businessman’s cause of death was not revealed, he was reportedly battling a long-term illness at the time of his passing. The day after news broke of his death, Oracle Racing won its fifth Formula 1 constructors’ title. Driver Max Verstappen said, “This one was for Dietrich,” when he won the race.
Mateschitz is survived by his 25-year-old son Mark Gerhardter.
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