Austalian Multibillonaire Entrepeneur, Dietrich Mateschitz, dies at 78

Dietrich Mateschitz was a multimillionaire businessman from Austria. He co-founded Red Bull GmbH and owned 49% of it. Mateschitz’s net worth was projected to be $25.4 billion as of October 2021.

Red Bull co-owner and energy drink tycoon Dietrich Mateschitz passes away at age 78.

Dietrich Mateschitz, a co-owner of Red Bull and a prominent figure in the energy drink industry, passed away at the age of 78. Mateschitz was the impetus behind the creation of the energy drink that rose to the top of the global market.

He established a Formula 1 team that has grown to be one of the sport’s dominant forces using the riches that resulted from that. “It’s very, very sad, what a great man,” said Red Bull’s team principal Christian Horner.

Moments after Mateschitz’s passing was reported, Horner told Sky Sports that his squad was committed to “give our best for him” in qualifying and Sunday’s race at the US Grand Prix. “So many of us have to be so grateful to him for the opportunities he provided and the vision that he had, the strength of character, and never being afraid to chase your dreams.

“That’s what he did here in Formula 1, proving that you can make a difference. We’re just incredibly grateful.” When Max Verstappen of Red Bull won the Japanese Grand Prix two weeks ago, Horner noted that Mateschitz was “luckily” able to witness the Dutch driver secure his second consecutive world championship.

He was very proud of the team,” added Horner. It is not believed that Mateschitz’s passing poses a threat to Red Bull or its affiliated squad Alpha Tauri’s future. Stefano Domenicali, the CEO of Formula 1, expressed his “deep sadness” and described Mateschitz as “a widely regarded and much-loved member of the Formula 1 family.”

Dietrich Mateschitz Age, Family, and Early Life 

Dietrich Mateschitz was 78 years old. Mateschitz was born on May 20, 1944, into a family with Croatian background in Sankt Marein im Mürztal, Styria, Austria. He reportedly has family in Croatia’s Zadar region, according to some sources.

His father’s side is from Maribor, while his mothers is from Styria. When he was a small child, his parents—who were both primary school teachers—separated.

Dietrich Mateschitz Career, What was his Profession?

Mateschitz’s first job was Unilever, where he worked marketing detergents after taking ten years to earn a marketing degree from the Hochschule für Welthandel in 1972. Later, he relocated to Blendax, a German cosmetics business that Procter & Gamble has since acquired, where he worked on the marketing of Blendax toothpaste, among other things.

He first encountered Krating Daeng, the beverage that would later become Red Bull, while on the road for Blendax and He co-founded Red Bull GmbH in 1984 with Chaleo Yoovidhya, and in 1987 the company debuted in Austria. He then succeeded in making Red Bull beverage the market leader for energy beverages globally.

Along with Heinz Kinigadner, he co-founded the Wings for Life charity, which promotes spinal cord research. To raise money, the charity started hosting the Wings for Life World Run in 2014.

Despite owning two teams and Seitenblicke, Austria’s leading society magazine, Mateschitz eschewed the celebrity circuit and preferred to watch Formula One races on television.

Extreme sports

Through commercial sponsorship, Mateschitz’s goods are continuously promoted as being related to the physical and mental skills required for various extreme sports. Formerly, Red Bull served as the primary sponsor of the Sauber Formula One racing team and owned more than 60% of it.

Although Sauber chose to hire Kimi Räikkönen as one of their drivers for the 2001 season as opposed to Red Bull prodigy Enrique Bernoldi, Red Bull dissolved its partnership with the team at the end of 2001. Mateschitz purchased the Jaguar Racing Formula One team from its former owners, Ford, in November 2004 and changed the team’s name to Red Bull Racing.

Which school and college did he go to?

As the early life details of Dietrich Mateschitz are very limited, unfortunately, we aren’t able to find details on the high school he attended or the university he graduated from.

However, if we gain any further details on his educational background we will surely update this article.

Dietrich Mateschitz Net Worth, How much does he earn?

According to Forbes, Mateschitz had a net worth of about $20 billion. In 1984, he and Thai entrepreneur Chaleo Yoovidhya established Red Bull.

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Dietrich Mateschitz Wife, What is his relationship?

Mateschitz only had a son; he never married. But as the son in a relationship with his long-term partner Marion Feichtner.

Is he available on any social media platforms?

As for the social media reach of Dietrich Mateschitz, we did a brief search for the social handle of Dietrich on social apps such as Instagram, Facebook, and Twitter but unfortunately, weren’t able to find him on any social media platforms.

FAQs about Dietrich Mateschitz.

Physical Appearance of Dietrich Mateschitz’s Height, Weight

Interesting facts about Dietrich Mateschitz’s which should be known