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Mark Mateschitz; 29th Richest Man On Earth

  • Full Name: Mark Mateschitz
  • Occupation: Inherited Red Bull Stakeholder
  • Date of Birth: 1991 (Age: 31)
  • Net Worth: $39.4 billion
  • Ranking: #29 in the world’s billionaires
  • Wealth History: $34.7 billion
  • Source of Wealth: Inherited Red Bull stake
  • Residence: Salzburg, Austria
  • Citizenship: Austria
  • Marital Status: Single

Biography:

Mark Mateschitz, born in 1991, is an Austrian billionaire known for being the only child of the late Dietrich Mateschitz, the co-founder of the energy drink company Red Bull. Mark Mateschitz’s inheritance includes a significant stake in Red Bull, one of the most recognizable brands globally.

Dietrich Mateschitz, along with Thai businessman Chaleo Yoovidhya (who passed away in 2012), co-founded Red Bull in 1987. The energy drink gained immense popularity and turned into a global phenomenon. Mark Mateschitz inherited his father’s 49% stake in Red Bull after Dietrich Mateschitz’s passing in October 2022.

Under Mark Mateschitz’s inheritance, Red Bull continued its success, selling a remarkable 11.6 billion cans worldwide in 2022. This impressive number of sales equates to more than enough cans to provide a dose of caffeine for every person on the planet.

After his father’s death, Mark Mateschitz made a shift in his professional role. He stepped down from his position as Head of Organics at Red Bull, a company that achieved $10 billion in sales in 2022. This decision allowed him to focus more on his role as a shareholder in the company, contributing to its strategic direction as he deemed fit.

In addition to its flagship energy drink, Red Bull also owns and sponsors several sports teams, including Formula 1’s Red Bull Racing, Major League Soccer’s New York Red Bulls, and the hockey team EC Red Bull Salzburg.

Mark Mateschitz’s inherited wealth, combined with his stake in Red Bull, has placed him among the world’s wealthiest individuals. Despite his young age, he now holds significant influence over one of the most iconic and successful beverage companies globally.

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