Red Bull heir Mark Mateschitz – known as Europe’s richest millennial – is half a billion pounds wealthier after receiving his first dividend since inheriting his late father’s stake in the business.
The 31-year-old was paid £505million by the energy drinks company, according to Bloomberg, which cited Austrian company filings.
Mateschitz owns 49 per cent of the business following the death last year of his father Dietrich, who co-founded the firm.
Red Bull heir Mark Mateschitz (pictured) was paid £505m by the energy drinks company, according to Bloomberg, which cited Austrian company filings
Known for its marketing initiatives, including ownership of a Formula 1 motor racing team and a series of European football clubs, Red Bull enjoyed revenues of £8.4billion last year, generating profits of £1.4billion, Bloomberg reported.
A large chunk was distributed to shareholders including Mateschitz.
His wealth is estimated at £28billion says Forbes, which has him at number 35 on its global billionaires list.
Mateschitz is reported to have inherited a Fijian island, Austrian castles and property in London’s swanky Knightsbridge area.
He is said to be one of Europe’s most eligible bachelors and last month was reported to be dating Victoria Swarovski, heiress to the Swarovski crystal empire.
His father launched Red Bull in 1987.
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