Mark Mateschitz: Fortune of the Red Bull heir and richest Austrian

Mark Mateschitz is one of the richest people in the world. He inherited his considerable fortune from his father Dietrich Mateschitz, who died in October 2022. He became the richest Austrian as the founder of Red Bull GmbH. Since his death, his son Mark has held the 49 percent of the company that belonged to him. Mark Mateschitz’s estimated fortune is 36.27 billion euros, making him the richest Austrian .

Mark Mateschitz’s net worth

Mark Mateschitz is the heir of Dietrich Mateschitz , who founded Red Bull GmbH in 1984 and was at one time one of the 100 richest people in the world. He left his 49 percent share in the company to his son.

Illegitimate son of a billionaire

Mark Mateschitz was born Mark Dietrich Gerhardter, as he was given the surname of his mother Anita Gerhardter. She was in a relationship with Dietrich Mateschitz for around two years, but never married him. Mark, the child of the relationship, grew up with his mother, who worked as a stewardess and ski instructor. When he was eleven, his father set up a private foundation to provide financial security for his son. Mateschitz senior stipulated that Mark could only access the foundation and the money in it from his 24th birthday. However, this was subject to the conditions that he had no criminal record and was not addicted to drugs.

Studies and name change

In 2010, shortly after Mark’s 18th birthday, Dietrich Mateschitz dissolved the foundation and instead transferred half of the shares in Dietrich Mateschitz Verwaltungs OG to his son. Mark graduated from Werkschulheim Felbertal, a private high school in Ebenau in the Austrian province of Salzburg, in 2011. He then enrolled in a business administration course at the Salzburg University of Applied Sciences. Between 2017 and 2021, he had his name officially changed to Mark Dietrich Mateschitz .

Entry into the father’s corporate network

In August 2017, he became managing director of Thalheimer Heilwasser GmbH, which produces Thalheim Bier, the only beer brewed with medicinal water in Austria. Mateschitz sold the drink in restaurants and supermarkets, but retired from management in April 2022. In July 2021, he took over the management of Mark Mateschitz Beteiligungs GmbH, which a few months later acquired shares in the real estate company deaurea. This in turn is one of the many companies that belong to the Red Bull network.

At the beginning of 2022, he took on a position on the board of Wings for Life. The foundation, which is run by his mother Anita Gerhardter, is committed to curing paraplegia. In addition, his father increasingly involved him in his company. He headed the Organics by Red Bull division, which is responsible for the production of organic soft drinks.

Heir and billionaire

When Dietrich Mateschitz died in October 2022, it was initially unclear what would happen to his 49 percent share in Red Bull GmbH. According to media reports, Mateschitz’s Thai business partner Chalerm Yoovidhya had a say in the matter, as he owns the remaining 51 percent of the company. In November 2022, it was announced that Mateschitz was taking over his father’s company shares and thus his huge fortune, but was giving up management of Organics by Red Bull. In the 2023 Bloomberg Billionaires Index, Mateschitz is listed among the top 100 and is now the richest Austrian.