According to a Bloomberg report, Mark Mateschitz, the Austrian billionaire and heir to the Red Bull empire, recently received a substantial $615 million shareholder payout from Red Bull GmbH, the Austrian holding company overseeing the Red Bull network of companies. This significant payment marks his first since inheriting the energy drink giant from his late father, Dietrich Mateschitz, last year.
The distribution of this payout resulted from Red Bull allocating half of its impressive $1.6 billion profit from the previous year among its shareholders. Given that Mark Mateschitz owns a substantial 49% of the company through his holding entity, Distribution & Marketing GmbH, he became eligible for a sizeable €383 million portion of this payout. The remaining 51% is held by the Yoovidhya family in Thailand.
In addition to the €383 million share, Mark Mateschitz received an extra €199 million as part of a longstanding company tradition, which provides an additional payment to its Austrian owner. This brought his total dividend to €582 million ($615 million).
It’s worth noting that this dividend represents the lowest in three years, following a record payment of $865 million to Dietrich Mateschitz the year before his passing.
According to Forbes, Mark Mateschitz‘s estimated net worth stands at an impressive $34.4 billion, ranking him at No. 35 on Forbes’ real-time billionaires list. At just 31 years old, he is not only one of the world’s youngest billionaires but also Europe’s wealthiest millennial. He inherited his father’s 49% stake in Red Bull last year.
Red Bull remains a global powerhouse, with a staggering 11.6 billion cans of its energy drink sold in the previous year, resulting in revenue of $10.53 billion. The company’s influence extends to various sports, including soccer, Formula 1 racing, and extreme sports like motocross, skateboarding, and snowboarding.
Dietrich Mateschitz co-founded Red Bull in 1987, solidifying its presence as a dominant sponsor in the world of sports. Following Dietrich’s passing, Mark transitioned from his role as head of organics at Red Bull to focus on his responsibilities as a shareholder, ensuring the continued success of the renowned brand.
