Dietrich Mateschitz was an Austrian billionaire businessman.
How Did Dietrich Mateschitz Make His Money?
Dietrich Mateschitz made his money through his numerous businesses which include Red Bull GmbH.
From 2006 to 2011, Mateschitz owned Team Red Bull which competed in the NASCAR Sprint Cup Series and the K&N Pro Series East.
In late 2004, he purchased the A1-Ring racing circuit, which had formerly hosted the Formula One Austrian Grand Prix, and renamed it the Red Bull Ring.
In April 2005, Mateschitz bought the Austrian football club SV Austria Salzburg and in March 2006, he bought the American club MetroStars; he renamed both Red Bull Salzburg and New York Red Bulls respectively.
In 2007, Red Bull founded Red Bull Brasil, a football team based in Campinas, Brazil. In May 2009, he initiated a German football club called RB Leipzig after he purchased the playing license of SSV Markranstädt.
From 2012, he was also the owner of the German ice hockey club EHC München, which also changed its name to Red Bull München.
He was co-founder of the Wings for Life foundation which supports spinal cord research together with Heinz Kinigadner. Since 2014, the foundation has organised the Wings for Life World Run to raise funds.
When Was Red Bulls Invented?
In 1984, Dietrich Mateschitz founded Red Bull GmbH with Chaleo Yoovidhya, launching the brand in Austria in 1987. Ultimately, he turned the Red Bull drink into a world market leader among energy drinks.