Mark Mateschitz

Net worth over time

Biography

• Mark Mateschitz is the only child of the late Austrian billionaire Dietrich Mateschitz, who cofounded energy drink firm Red Bull in 1987.
• He inherited his father's 49% stake in Red Bull after the elder Mateschitz died in October 2022 at the age of 78.
• Dietrich Mateschitz cofounded Red Bull with Thai businessman Chaleo Yoovidhya (d. 2012).
• Red Bull sold 12.1 billion cans worldwide in 2023, enough to caffeinate every person on the planet.
• After his father's death, Mark Mateschitz stepped down from his role as Head of Organics at the $11.4 billion (2023 sales) company to concentrate on his role as a shareholder.
• Dietrich Mateschitz discovered energy drinks while traveling to Asia as a marketing executive for German consumer products firm Blendax in the 1980s.
• Red Bull owns several sports teams, including F1's Red Bull Racing, the MLS's New York Red Bulls and hockey team EC Red Bull Salzburg.