Red Bull founder Dietrich Mateschitz passes away aged 78

Red Bull co-founder Dietrich Mateschitz has died aged 78, following a lengthy illness. The Austrian businessman, who founded the energy drink company in 1984, was instrumental in the brand’s involvement in Formula 1. Mateschitz owned 49% of the energy drinks brand and was the driving force behind its move into racing, which began in the mid-1990s.

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