How rich is Dietrich Mateschitz?
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Dietrich Mateschitz (created 20 May 1944) is an Austrian businessman who co-founded the Red Bull energy drink business and holds 49 percent of the business ‘s shares. Mateschitz’s net worth, by 2012, is estimated to be US$5.3 billion. Mateschitz’s brands are consistently promoted as connected with all the physical and mental characteristics necessary for numerous kinds of extreme sports through commercial sponsorship. In November 2004, Mateschitz purchased the Jaguar Formula One team from its previous owners, Ford, also it had been later renamed Red Bull Racing. In September 2005, Mateschitz joined forces together with his close buddy and former F1 driver Gerhard Berger, and bought the Italian-documented Minardi team from its Australian owner Paul Stoddart. In 2010 Red Bull Racing won the Formula 1 Constructors Championship and Drivers Tournament with Sebastian Vettel. In late 2004, he purchased the previous Formula One lap A1-Ring, renaming it the Red Bull Ring. The racetrack opened in May 2011 and sponsored a round of the 2011 DTM season. Although Mateschitz had said that there were no plans for this to go back to the Formula 1 schedule, in December 2012, Red Bull notified the FIA they will be open to hosting a Grand Prix. Mateschitz additionally intends to set up a testing site for the automobile industry in the Austrian race racetrack. There are already way developed strategies, but residents of the region thing.