Dietrich Mateschitz Net Worth

What’s Dietrich Mateschitz’s Net Worth?

Dietrich Mateschitz is an Austrian entrepreneur who has a web value of $15 billion. He’s finest identified for co-founding the Pink Bull firm, which is among the most profitable vitality drink corporations on the planet. Dietrich can be identified for his love of motorsports, having invested thousands and thousands of his personal private cash into numerous Pink Bull groups – most notably the 2 separate groups that compete in Method One. As well as, he owns the favored German soccer group RB Leipzig.

Early Life

Dietrich Mateschitz was born on Could twentieth of 1944 in Sankt Marein im Murztal, Styria, Nazi Germany (current day Austria). Raised in a household with Austrian and Slovenian heritage, Dietrich’s dad and mom had been each elementary faculty lecturers. Nonetheless they separated when he was nonetheless younger, and Dietrich was raised by his mom. After graduating from secondary faculty, Mateschitz attended the Vienna College of Economics and Enterprise. He spent 10 years at this establishment and finally graduated with a level in advertising by 1972.

Profession

After leaving college, Dietrich labored for corporations like Unilever and Blendax as a advertising skilled. Throughout this era, he helped market detergents, toothpaste, and different merchandise. These jobs required him to journey continuously, and one of many locations he visited was Thailand. Throughout one go to to Thailand, he found the drink known as Krating Daeng. This was marketed as a “hangover remedy,” and Dietrich discovered that it helped him take care of his jet lag. In 1984, he discovered the drink’s inventor – a Thai duck farmer named Chaleo Yoovidhya. Collectively, they launched the corporate Pink Bull GmbH in 1987, and it shortly grew to become one of the crucial standard vitality drinks on the earth.

As a advertising skilled, Dietrich oversaw the corporate’s legendary branding course of over the following few a long time. The slogan “Pink Bull provides you wings” grew to become extensively identified internationally,” and the model related itself with numerous sporting occasions. The model has sponsored numerous occasions over time, and through the 2010s Pink Bull began sponsoring eSports for the primary time. This created the impression that Pink Bull helps high-level athletes obtain the mandatory diploma of psychological and bodily efficiency required to compete at a excessive stage.

Mateschitz has been particularly energetic on the earth of Method One. Initially, they owned a majority stake within the Sauber racing group, however the model parted methods with Sauber in 2001 and subsequently bought the Jaguar racing group in 2004. After renaming this group Pink Bull Racing, Dietrich started to develop a really influential presence within the Method One world. In 2005, he bought the Minardi racing group and renamed it Scuderia Toro Rosso. It took Mateschitz 5 years to win his first Constructors’ Championship and Drivers’ Championship, with Sebastian Vettel claiming victory. They continued to win each titles consecutively in 2011, 2012, and 2013.

In 2004, Dietrich additionally bought the A1-racing circuit and renamed it the Pink Bull Ring. This circuit hosts the Austrian Grand Prix. In 2005, he bought a soccer group in Austria known as SV Austria Salzburg and renamed it Pink Bull Salzburg. He then bought an American soccer group known as MetroStars and renamed it New York Pink Bulls. In 2009, he bought one other soccer group, this time buying the German membership RB Leipzig.

Actual Property

Dietrich is legendary for proudly owning his personal non-public island, which he bought from one other billionaire known as Malcolm Forbes in 2003. After buying the island, Mateschitz turned it into an unique resort. The island spans 3,500 acres and options volcanic mountains, rainforests, white seashores, and coral reefs. Guests can interact in quite a few attention-grabbing actions, from horseback driving, cooking lessons, golf, massages, deep-sea fishing, and rather more. Maybe essentially the most notable exercise is a journey on Dietrich’s $1.5-million submarine known as the DeepFlight Tremendous Falcon. Charges begin at $4,800 per night time.

On a extra private notice, Dietrich has been engaged in a decades-long mission to accumulate property within the Austrian Alps. To this point, he has bought quite a few castles and villas, together with a 1908 Artwork Nouveau guesthouse and a tavern in-built 1603 for just below $1 million. After buying these properties, he spent thousands and thousands of {dollars} renovating them and restoring them. Not like his non-public island, these properties should not for revenue, and Dietrich has been praised for devoting his personal cash in the direction of the historic restoration of gorgeous castles and villas.

In 2020, it was reported that Mateschitz had misplaced a bid to buy an Austrian medieval looking property when he was ousted by Rene Benko, one other billionaire who finally paid $35.8 million for the 1,300-acre property. This explicit property options many forested acres and a small chapel initially constructed within the 1300s.

Pink Bull Possession Particulars

Dietrich Mateschitz owns 49 p.c of Pink Bull. Mateschitz co-founded the corporate when he invested $500,000 and took a 49 p.c stake together with Chaleo Yoovidhy, who handed away in 2012. In 2016, Pink Bull reported revenues of $6.6 billion. Mateschitz collected a dividend of $97 million in 2012 and made a charitable donation of $92 million that yr.

In 2020, Pink Bull paid out 550 million euros to its founders, together with the household of the Thai duck farmer who invented the unique vitality drink within the 70s. Through the earlier years, Pink Bull offered 7.5 billion drinks with super progress recorded in India, Brazil, and Africa.