Mark Mateschitz

Mark Mateschitz, the Austrian billionaire and heir to the Red Bull empire, has seamlessly turned his inheritance into a thriving financial legacy. As the only son of Red Bull co-founder Dietrich Mateschitz, Mark inherited a 49% stake in the world’s most recognizable energy drink brand, catapulting him into the ranks of the world’s wealthiest. 

Despite stepping away from a public role within the company, Mateschitz’s strategic investments and business ventures continue to fuel his immense fortune. In this article, we'll dive into how Mark Mateschitz’s entrepreneurial foresight and Red Bull stake have made him one of the richest young billionaires in the world.

What Is Mark Mateschitz’s net worth?

As of 2024, Mark Mateschitz has amassed a net worth of around $40.2 billion.

The richest millennials in Europe, Mark Mateschitz, built his fortune through 49% ownership of Red Bull, the energy drink giant co-founded by his late father, Dietrich Mateschitz.

The heir to the Red Bull empire recently received a $615 million payout from the energy drink giant, after the company divided its $1.6 billion profit from 2022 among its stockholders. His initial share amounted to $405 million, but an extra $210.4 million was added, following the company’s tradition of providing additional payouts to its Austrian owners.

Apart from his ownership of Red Bull, he is the chief executive officer of the beverage firm Thalheimer Heilwasser and also serves as the head of his management company, Mark Mateschitz Beteiligungs. His notable position in the commercial sector keeps expanding, securing his success both monetarily and politically. 

What is Mark Mateschitz’s claim to fame?

Mark's swift ascent to prominence is rooted in key milestones that have shaped his influential status. 

• Taking the Helm at Red Bull: Following his father’s death in October 2022, Mark ascended to a significant position at Red Bull GmbH upon inheriting a 49% share in the company. He apparently manages several important areas like marketing and strategic planning at Red Bull, despite his preference for solitude. His impact goes beyond his status as a shareholder, demonstrating his role in shaping the company's course.
• Thalheimer Heilwasser: With the establishment of Thalheimer Heilwasser GmbH, Mark made his foray into the luxury beverage industry in 2018. Although the company has not grown significantly and now generates less than $5 million yearly, it does show his entrepreneurial passion and commitment to quality. Nonetheless, these ventures illustrate his growing influence in both Red Bull and his own entrepreneurial pursuits.

What are Mark Mateschitz’s business ventures?

Mark Mateschitz has diversified his business interests, expanding beyond Red Bull GmbH. His ventures include:

• Red Bull GmbH: Mark inherited the 49% ownership stake in Red Bull GmbH which made him a significant figure in the $80.6 billion company. Its diverse portfolio includes energy drink brands, sports teams, and media properties. Red Bull achieved a significant milestone when sponsorship payments surpassed $1 billion for the first time. After selling over 11 billion cans of its well-known caffeinated beverage, the company's net revenue increased to $10.72 billion, as of 2023. 
  Mark accompanied his father on several occasions when he was younger, attending Formula One races. Now that he has shares in Scuderia AlphaTauri and Red Bull Racing, it's obvious he intends to carry on his father's sponsorship heritage by making large investments in sports. In addition to auto racing, Red Bull is involved in a number of sports. It owns the German football team RB Leipzig and sponsors sports including ice hockey, surfing, cliff diving, and mountain biking.
• Thalheimer Heilwasser GmbH: This premium beverages manufacturing company was founded by Mark in 2018. It specializes in making beer and lemonade, using natural spring water. Although the current valuation of the company is unknown, some reports have stated its annual revenue to be around $4 million.
• Mark Mateschitz Beteiligungs GmbH: In 2021, he also took over as head of Mark Mateschitz Beteiligungs GmbH, a Salzburg-based management company. This company holds a 34% stake in Taurea, which manages a number of assets across the Red Bull group. 

How does Mark Mateschitz spend his wealth?

The Austrian billionaire Mark Mateschitz is known to maintain a relatively low profile when it comes to spending his massive fortune. Moreover, there is very little available information about his lifestyle, as he values privacy and modesty.

How many houses does Mark Mateschitz own?

Mateschitz's real estate portfolio, while private, is expected to include numerous luxurious properties. This includes several high-end properties in Austria that Mark inherited from his father, a Fijian island and a property in London’s Knightsbridge.

What cars does Mark Mateschitz own?

Although specific details about Mark Mateschitz's car collection have not been publicly disclosed, it wouldn't be a surprise if he owns a few high-end cars, including the upcoming Red Bull RB17 hypercar from his own company.

What are the charitable contributions made by Mark Mateschitz?

Mark followed the footsteps of his father Dietrich and has demonstrated a commitment to philanthropy, that focuses on several causes.

• Wings for Life Foundation: This foundation was co-founded by his father, Dietrich Mateschitz and it is dedicated to providing 100% funding for the research of all kinds of spinal cord injuries.

Beyond, the Wing for Life Foundation Mark has also made philanthropic contributions in the areas of supporting education, environmental conservation, and social development initiatives. However, details regarding them remain completely unknown.

What are Mark Mateschitz’s future plans?

Mark being a low-profile person has not shared any kind of plans for his plans for the latter half of 2024 and beyond so determining his future steps is not possible.