Dietrich Mateschitz, a co-founder of Red Bull, passes away at age 78.
Red Bull announced on Saturday that its co-founder and owner Dietrich Mateschitz had passed away. He was 78. Red Bull has provided a snapshot of him. Image courtesy of GEPA Pictures/Red Bull Content Pool
Oct. 22 – Red Bull announced on Saturday that its co-founder and owner Dietrich Mateschitz had passed away. He was 78. Although his cause of death and other information were not disclosed, Red Bull posted an email that was issued to business staff. We regret to inform you that Dietrich Mateschitz passed away today.
“At this time, melancholy predominates over all other emotions. But soon the sorrow will give way to thanks – thanks for all that he did to influence, uplift, encourage, and make possible so many different people. We will continue to have a respectful and loving relationship with him.
“It is our duty and obligation to carry on his life’s work in his spirit. We appreciate your support.
In 1987, Mateschitz, an Austrian, and Thai businessman Chaleo Yoovidhya co-founded the energy drink company. At the time of his passing, Mateschitz was ranked #51 on Forbes’ list of billionaires. In 1997, the energy drink made its debut on the American market.
Mateschitz served as a marketing manager for the German conglomerate Blendax before founding Red Bull. Dead in 2012, Mateschitz and Yoovidhya actively promoted Red Bull by sponsoring extreme sports including cliff diving, BMX, skiing, mountain riding, and skateboarding.
In 1988, Red Bull held its inaugural competition, the Red Bull Dolomitenmann. Four tests are part of the extreme sports relay: running up a mountain, paragliding, canoeing, and cycling. The company’s first sponsored athlete was Austrian Formula 1 icon Gerhard Berger the following year.
The business began sponsoring Formula 1 in 1995 and since then has acquired two teams: the Jaguar F1 team in 2004 and the Minardi squad in 2005.
Since then, Red Bull teams have captured six driver championships in addition to four function Object [native code] crowns in 2010, 2011, 2012, and 2013. The business has a driver academy where Formula 1 racers are trained.
Mateschitz was referred to as “a towering figure in motorsport” in a statement by Mohammed Ben Sulayem, president of the organization that governs motorsports.
According to Ben Sulayem, “He was a towering figure in motorsport, and with Red Bull, not only did he construct two incredibly successful Formula 1 teams, but he also promoted motorsport of all kinds and aided the careers of countless young drivers through Red Bull’s junior programs.”
He will be deeply missed, and the FIA as a whole is thinking about his loved ones right now. Under Mateschitz, Red Bull has also had a long-standing commitment to aviation, hosting its first Flugtag airshow in Vienna in 1992. The Flying Bulls fleet of the corporation made its debut in 1999.
Additionally, the organization manages soccer teams in Brazil, Germany, Austria, and the United States and has contracts with athletes from a variety of sports. James McDivitt, a former NASA astronaut who oversaw the Gemini IV and Apollo 9 missions, passed away on October 13, 2022, at the age of 93. In Tucson, Arizona, McDivitt passed away quietly while sleeping.