The Formula One community around the world was handed a shock on Saturday, October 22, when news of Dietrich Mateschitz’s death emerged. The Austrian billionaire was the co-founder of Red Bull GmbH, as well as the owner of Red Bull Racing in Formula One. The news of his death was confirmed by Red Bull racing team officials at the US Grand Prix in Austin, Texas.

As per reports, Mateschitz was suffering from a long and serious illness and died on October 22. One of the few billionaires with an avid interest in sports, Mateschitz’s company Red Bull owns teams in football, Formula One, Moto GP, Ice Hockey and others. Let’s take a look at his age, children and net worth here.

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Dietrich Mateschitz died on October 22, 2022, aged 78 after a prolonged illness. He was born on May 20, 1944, at Sankt Marein im Murztal, Styria, formerly Nazi Germany and modern-day Austria.

His parents worked as school teachers and separated sometime after he was born. Mateschitz grew up living with his mother.


The Austrian billionaire never married during his life but had a son named Mark Gerhardter with a former girlfriend who was a ski instructor, named Anita. Mark was reported to be one of the two managing directors of a brewery that Dietrich Mateschitz had inside the Sauerbrunn castle that he bought in 2008.

Net worth

Dietrich Mateschitz was one of the few Austrian businessmen who are billionaires. His net worth, as of October 2021, was estimated at US$25.4 billion.

Apart from being the co-founder of Red Bull, he also owned 49% of the company. Mateschitz was also the owner of the Red Bull racing team that competes in Formula One.

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Apart from these, Red Bull owns a string of sports teams in football and other sports, such as the Red Bull Salzburg, RB Leipzig, New York Red Bulls and Red Bull KTM Factory Racing.

Mateschitz also owned real estate throughout the world. He bought an island named Laucala off the coast of Fiji in Melanesia from the Forbes family. The Red Bull co-founder also owned the Sauerbrunn castle which he bought in 2008.