Texas’s Austin Dietrich Mateschitz, an Austrian millionaire, was the creator and owner of the Red Bull Formula One racing team in
addition to co-founding the energy drink brand Red Bull. He was eighty-eight.
Mateschitz passed away on Saturday, according to representatives of the Red Bull racing team at the United States Grand Prix in
Austin, Texas. His exact location of death and cause of death were not immediately known.
The head of the FIA, the authority that oversees motor sports, Mohammed Ben Sulayem, referred to Mateschitz as “a towering figure
in motor sport.”
“The thoughts of all the FIA family are with his loved ones at this time and he will be greatly missed.”
As the public face of Red Bull, an Austrian-Thai corporation that claims to have sold nearly 10 billion cans of its taurine- and caffeine-
based drink in 172 countries last year, Mateschitz rose to prominence.
Mateschitz not only contributed to the global success of the energy drink but also created an empire centered around the brand in
sports, media, real estate, and food.
With Red Bull’s increasing success, he increased his sports investments considerably, particularly in motorsports and extreme sports.
As a result, Red Bull currently owns and operates F1 racing teams, football clubs, and ice hockey teams. Red Bull has a comprehensive
driver development program to elevate racers to the highest level and has contracts with hundreds of competitors across other sports.
“The news has been difficult for all of us — what
At the Circuit of the Americas on Sunday, Verstappen aims to tie Sebastian Vettel and Michael Schumacher for the most wins in a
season in Formula One racing history. He also aims to secure the constructors title for Red Bull.
At the Circuit of the Americas on Sunday, Verstappen aims to tie Sebastian Vettel and Michael Schumacher for the most wins in a
season in Formula One racing history. He also aims to secure the constructors title for Red Bull.
Verstappen hopes to tie Michael Schumacher and Sebastian Vettel for the most season wins in Formula One racing history on Sunday
at the Circuit of the Americas. He also wants to win Red Bull’s constructor’s title.
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