Late Red Bull owner received ‘record’ dividend earlier this year

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austrian entrepreneur Dietrich Mateschitzthe Red Bull founder who died last month, received a record dividend from the company earlier this year, according to reports.

Bloomberg and Case report that Mateschitz, who founded Red Bull GmbH in 1984 before launching the brand in Austria three years later, received 866 million euros from the company, about 28% more than the previous year.

The dividend consisted of almost half of the group’s annual profit of 757 million euros, half of 500 million euros of retained earnings and an exceptional payment of 250 million euros, Bloomberg and Case said.

At the time of his death, Mateschitz owned 49% of Red Bull, a share which has now passed to his son, Marc Mateschitz.

According to Dossier, Dietrich Mateschitz was released from his obligations with the company in 2021.

Red Bull announced a net sales increase of 37% last year, according to reports.

Read more: A trio will run energy drink giant Red Bull after co-founder dies

Austria’s richest man

Mateschitz died in October at the age of 78, having developed not only the world’s biggest hit energy drink brand, but also to translate his success in the sports world, with the Red Bull Formula 1 racing team, the Red Bull Leipzig and Red Bull Salzburg football teams and other interests.

At the time of his death, he was Austria’s richest man, with an estimated net worth of around $27.4 billion according to Forbes.

Red Bull currently employs more than 13,000 people worldwide and sells nearly 10 billion cans a year.

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