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, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.

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