Categories: Obituaries

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 died. He was 78. Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, announced Mateschitz’s death. The Red Bull Racing team has enjoyed success in Formula 1, winning the constructors’ championship in 2010, 2011, 2012 and 2013.

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Mateschitz was born on 20 May 1944, in Sankt Marein im Mürztal, Styria, Nazi Germany (now in Austria). Mateschitz 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. He also initiated the World Stunt Awards, an annual fundraiser to benefit his Taurus Foundation, which, according to its website, helps injured stunt professionals.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

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