Oct 23, 2022
By Jeremy Logan
Dietrich Mateschitz, an Austrian billionaire who co-founded the energy drink brand Red Bull and was also the owner of the Red Bull Formula One racing team, has passed away. He was 78.
Mateschitz’s death was announced on Saturday by representatives of the Red Bull racing team at the United States Grand Prix in Austin, Texas.
Mateschitz rose to fame as the face of the Austrian-Thai company Red Bull, which claims to have sold roughly 10 billion cans of its caffeine and taurine-based beverage in 172 nations worldwide last year.
While there was no immediate word on where he died or the cause of death, it is being widely reported that Mateschitz had been battling a long-term illness.