Dietrich Mateschitz Net Worth is$5.3 Billion
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Profession: Businessperson, Entrepreneur
Date of Birth: May 20, 1944
Country: Austria
Net Worth: View Dietrich Mateschitz Net Worth
Dietrich Mateschitz net worth: What is Dietrich Mateschitz’s net worth? Dietrich Mateschitz’s net worth is $5 billion dollars. Dietrich Mateschitz is the richest person in Austria thanks to his wildly successful drink Red Bull. Born in Sankt Marein im Mürztal, Styria, Austria, Dietrich Mteschitz, earned a degree in Marketing from the Vienna University of Economics and Business Administration. He spent ten years completing his degree, and just after graduation, he began working for Unilever. After a few years at Unilever, marketing detergent, he began working at Blendax. While at Blendax, he was introduced to a drink called, “Krating Daeng”. In the mid 80s, he turned “Krating Daeng” into what we now know as, “Red Bull Energy Drink”. He brought in two partners from Thailand, and launched “Red Bull” in 1987, in Austria. Within a few years, it had gone global, spurred by his expertly designed and aggressive marketing campaign. He now splits his time between his home in Salzburg, Austria, and the island he owns near Fiji. He also owns a Formula-1 racing team, a Formula-1 racing circuit, and two separate football clubs.
Dietrich Mateschitz (born 20 May 1944 in Sankt Marein im Mürztal, Styria, Austria) is an Austrian businessman of Croatian ancestry who co-founded the Red Bull energy drink company and holds 49 percent of the company's shares. Mateschitz's net worth, as of 2012, is estimated to be US$5.3 billion.
Mateschitz was born in Sankt Marein im Mürztal, Styria, Austria to a family of Croatian ancestry. His parents were both primary school teachers and separated when he was very young. Although never married, he has a son. He holds a pilot's licence and enjoys flying a Falcon 900 and a Piper Super Cub.Forbes estimated Mateschitz's net worth to be US$5 billion in 2011.
After taking ten years to graduate from the Hochschule für Welthandel (now Vienna University of Economics and Business Administration) with a marketing degree, Mateschitz's first employer was Unilever, where he worked marketing detergents. He subsequently moved to Blendax, the German cosmetics company since bought by Procter & Gamble, where he worked on, among other things, the marketing of Blendax toothpaste. It was as part of his travels for Blendax that he discovered Krating Daeng, the drink that would later become Red Bull. In 1984, he founded Red Bull GmbH with his Thai partners Chaleo and Chalerm Yoovidhya with the launch in Austria in 1987. Subsequently, he turned the Red Bull drink into a world market leader[citation needed] among energy drinks.
He lives in Salzburg, Austria but also owns Laucala Island, off Fiji, which he bought from the Forbes family for £7 million.
Mateschitz was known as a marketing specialist.[citation needed] His company is known for its advertising[citation needed] and as a sponsor for various types of extreme sports. In November 2004, Mateschitz bought the Jaguar Formula One team from its previous owners, Ford, and it was subsequently renamed Red Bull Racing. In September 2005, Mateschitz joined forces with his close friend and former F1 driver Gerhard Berg

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