AUSTIN, Texas — Austrian billionaire Dietrich Mateschitz, the co-founder of energy beverage business Red Bull and creator and owner of the Red Bull Formula One racing group, has passedaway. He was 78.
Officials with the Red Bull racing group at the United States Grand Prix in Austin, Texas, revealed Mateschitz’s death Saturday. There was no instant word where he passedaway, or a cause of death.
Mohammed Ben Sulayem, president of motor sports governing body FIA, stated Mateschitz was “a towering figure in motor sport.”
“The ideas of all the FIA household are with his liked ones at this time and he will be significantly missedouton.”
Mateschitz acquired popularity as the public face of Red Bull, an Austrian-Thai corporation that states it offered almost 10 billion cans of its caffeine and taurine-based beverage in 172 nations aroundtheworld last year.
Mateschitz not just assisted the energy beverage endedupbeing popular around the world, however likewise constructed up a sports, media, genuine estate and gastronomy empire around the brandname.
With the growing success of Red Bull, he considerably broadened his financialinvestments in sports, particularly motorsports and severe sports, and Red Bull now runs football clubs, ice hockey groups and F1 racing groups. Red Bull likewise has contracts with hundreds of professionalathletes in numerous sports and a deep chauffeur advancement program to get racers to the leading level.
“It’s been tough news for everybody — what he hasactually suggested for Red Bull, and of course the sport, and specifically for me,” stated Max Verstappen, who covered up his 2nd successive F1 title 2 weeks earlier.
Verstappen on Sunday at Circuit of the Americas will attempt to tie Michael Schumacher and Sebastian Vettel with an F1-record 13 success in a season, and he’ll likewise effort to clinch the builders champion for Red Bull.
“What he hasactually done for me, my profession so far, and in basic my life, it’s actually hard, it’s a actually hard day,” Verstappen stated. “There’s still a race ahead and we’re going to shot to make him happy tomorrow.”
Mateschitz and