This article will examine the age, professional background, and wealth of infamous businessman Mark Mateschitz. For further information, go to the end of the article.
Who is Mark Mateschitz?
Austrian billionaire heir Mark Dietrich Mateschitz is from Austria. His father Dietrich Mateschitz co-founded the energy drink corporation Red Bull GmbH, which he owns 49% of.
Dietrich Mateschitz and Anita Gerhardter, who co-founded the energy drink firm Red Bull GmbH in 1984, are the parents of Mateschitz, who is their only child. Mateschitz used his mother’s last name to keep a low profile when he was growing up. After earning a business management degree from the Salzburg University of Applied Sciences, he began to appear more frequently in public and with the last name Mateschitz.
| Name | Mark Mateschitz |
| Birth | May 1992 |
| Profession | Businessman |
| Nationality | Austrian |
| Net Worth | $20 Billion |
| Gender | Male |
| Relationship With | Unknown |
What is Mark Mateschitz’s Net Worth?
Mark Mateschitz is an Austrian billionaire with a $20 billion net worth. Mark Mateschitz is a co-owner of the energy drink corporation Red Bull, which his father co-founded in 1984. After inheriting 49% of the company following his father’s death in late 2022, he became Europe’s wealthiest Millennial.
Mateschitz is also the chief executive officer of the beverage company Thalheimer Heilwasser and the president of the management firm Mark Mateschitz Beteiligungen.
The Evolution of Red Bull
Dietrich Mateschitz was traveling in Thailand in the early 1980s when he came up with the idea for Red Bull. To battle jet lag, he requested a drink at a hotel bar and was handed a glass of Krating Daeng (English as “red water buffalo”), a local concoction consumed by truck drivers to help them remain awake on the road. Mateschitz was struck with a sense of well-being after finishing the drink.
This inspired him to start a business. Mateschitz resigned from the hygiene products company Blendax in 1984 after obtaining a license to make the drink in Austria and co-founded Red Bull with Thai businessman Chaleo Yoovidhya.
The first cans were distributed to the European public in 1987, and they were a tremendous success among stressed-out and fatigued young urban professionals in need of a pick-me-up. Red Bull arrived in the United States with a bang a decade later.
Mateschitz has served in numerous executive capacities at Red Bull. In addition to being the CEO of the beverage company Thalheimer Heilwasser, he is also the CEO of his own management firm, Mark Mateschitz Beteiligungs. His management firm is a minority shareholder in Taurea, which controls a number of Red Bull properties.
The Succession of Red Bull
Mateschitz’s father died of cancer in October of 2022. Despite the fact that his sickness had been known for some time, no one at Red Bull had formally decided who would take over the firm. The fact that the Yoovidhya family was the majority stakeholder of the corporation complicated matters of succession.
This was due to the fact that when Red Bull was created, Dietrich Mateschitz received 49%, Chaleo Yoovidhya received 49%, and Chalerm received 2%. After Chaleo died in 2012, his son Chalerm gained ownership of 51% of Red Bull, giving him executive power.
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While Mateschitz has a 49% interest in Red Bull, the Yoovidhya family has been concerned about the company’s future successor. Vorayuth, the family’s designated successor, has been on the run from Interpol since 2012 for an inebriated hit-and-run that resulted in the death of Sergeant Wichien Klanprasert.
Vorayuth fled the scene after the event, and his father later paid $100,000 in restitution to Klanprasert’s family. Vorayuth’s refugee status makes it exceedingly unlikely that he will take over as CEO of Red Bull.
Does Mark Mateschitz Have a Spouse and/or Children?
Mateschitz is unmarried and has no children as of June 2023.