Red Bull Formula One owner Dietrich Mateschitz passes away at 78

Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has passed away at the age of 78. The Red Bull Racing team got successful in Formula 1, winning the constructors’ championship in 2010, 2011, 2012, and 2013.

  • Mateschitz was born on 20 May 1944, in Sankt Marein im Mürztal, Styria, Nazi Germany (now in Austria).
  • Mateschitz became the co-founder of the Wings for Life foundation which supports spinal cord research together with Heinz Kinigadner.
  • Along with it, He also began the World Stunt Awards, an annual fundraiser to benefit his Taurus Foundation, which helps injured stunt professionals.

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