Dietrich Mateschitz, Red bull owner, dies aged 78

Formula One Red Bull team also mourned the death of the energy drink company’s Austrian founder

Updated - October 23, 2022 12:29 pm IST

Published - October 23, 2022 03:48 am IST

Red Bull Owner Dietrich Mateschitz. File.

Red Bull Owner Dietrich Mateschitz. File. | Photo Credit: Reuters

Dietrich Mateschitz, the billionaire founder and owner of energy drink company Red bull, died at the age 78, Sky News reported on Saturday.

Formula One and the championship-leading Red Bull team also mourned the death of the energy drink company’s Austrian founder.

Red Bull Racing principal Christian Horner confirmed the news ahead of qualifying for the U.S. Grand Prix in Austin, Texas, where the team can clinch a fifth constructors’ championship.

“What he achieved and what he’s done for so many people around the world, across different sports, is second to none,” said the Briton.

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