Dietrich Mateschitz, the co-founder of Red Bull, has passed away. The Austrian businessman, who died at the age of 78, was a pillar of the energy drink industry. In 1984, he and Thai businessman Chaleo Yoovidhya founded the energy drink brand and began marketing it through sports and entertainment. Although the cause of his death was not immediately known, his death has left a void at the company’s helm.
Red Bull co-founder Dietrich Mateschitz dies at age 78
Dietrich Mateschitz, co-founder of Red Bull Formula One team, has passed away at the age of 78. He was one of the richest people in Austria and had a fortune estimated at EUR25 billion, according to Forbes. He had been ill for several years and stayed out of the public eye. He had suffered from cancer and was in poor health.
Mateschitz was a billionaire businessman who co-founded Red Bull GmbH with Chaleo Yoovidhya in the 1980s. He also invested in Formula One, buying the Jaguar team in 2004 and renaming it Red Bull Racing. He also invested in the Minardi team, which eventually became the junior team of Toro Rosso. Today, Red Bull Racing is one of the most dominant teams in Formula One. Sebastian Vettel’s four Drivers’ Championships in 2010 and 2012 were made possible by Mateschitz’s efforts. His successor Max Verstappen has restored the team to glory by defeating Mercedes.
Dietrich Mateschitz made an unforgettable contribution to F1
Dietrich Mateschitz, the Austrian billionaire businessman who helped create Red Bull, played a major role in the sport’s development. He helped the sports drink become one of the world’s most popular brands, and also developed the brand into an empire spanning media, gastronomy and sports. His investments in sports have grown considerably, with the company owning several teams including Jaguar and Red Bull Racing. The company has hundreds of contracts with athletes from sports like soccer and football, and also has a deep driver development program to help develop future racers.
In 2004, Mateschitz bought the Jaguar team, renaming it Red Bull Racing and transforming it into one of the world’s most successful teams. The company went on to win several Formula One championships under its new owner. In 2006, Mateschitz also purchased the Italian team Minardi, renaming it Toro Rosso. His passion for racing and his passion for sports marketing made his participation in Formula 1 an unrivaled experience.
Dietrich Mateschitz’s cancer diagnosis
Dietrich Mateschitz, the founder of the energy drink Red Bull, died of cancer on Saturday. He was 78 years old. A recent email from the energy drink maker told employees that he was diagnosed with cancer. Mateschitz, who was a native of Styria, Austria, had recently lost weight and was not in the best health.
Mateschitz had built an empire around his brand. His companies own Formula 1 racing teams and soccer clubs in Austria, Germany, Brazil, the United States, and many other countries. The Red Bull brand has become synonymous with adventure sports. He also owned a Formula One team in the United Kingdom. Red Bull also owns SV Austria Salzburg, which is now known as Red Bull Salzburg.
Max Verstappen’s death is hard news for Red Bull
Dietrich Mateschitz, the owner of Red Bull Racing, has died at the age of 78. The Austrian businessman had been battling a long illness and his death is hard news for the team. His passing comes just days before Red Bull qualified for the United States Grand Prix in Austin, Texas. After qualifying in Austin, Max Verstappen paid tribute to the late Dietrich Mateschitz.
Red Bull has won four F1 constructors’ championships and six drivers’ championships. The company’s last championship was won by Max Verstappen in the Japanese Grand Prix. This year, Red Bull is on track to win its fifth constructors’ title. The team will try to become the new champion at the U.S. Grand Prix on Sunday.