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Tag: Red Bull

People Radar

November 1, 2023

Impressive: Austrian Red Bull Heir Received A €582 Million Payout!

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.

People

October 24, 2022

RIP Dietrich Mateschitz! Red Bull Boss Lost Fight Against Cancer, Dies At 78!

Dietmar Mateschitz, the controversial Austrian mastermind behind Red Bull, died over the weekend at the age of 78 after a long period of suffering. It had already been known for some time that he had been battling pancreatic cancer. Mateschitz licensed and modified a Thai energy tonic in the 1980s and made it a global brand by sponsoring sports, including professional soccer, Formula One auto racing, snowboarding, and dirt biking. Forbes estimated his net worth at $27 billion.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.