Red Bull pays out €550m to founders, including family of drink's inventor

[webfact 79,179]

Red Bull pays out €550m to founders, including family of drink's inventor

Dividend payments go to Dietrich Mateschitz and family of Chaleo Yoovidhya

Rupert Neate 

Wealth correspondent

 

Red Bull cans in a supermarket in Bangkok, Thailand. The drink’s inventor was born to Chinese immigrant parents in the Thai province of Phichit. Photograph: Athit Perawongmetha/Reuters

 

The energy drinks company Red Bull has paid out more than €550m (£493m) to its founders, including the family of a former Thai duck farmer who invented the popular drink as a “hangover cure” in 1976.

 

The company, which is also known for its Formula One motor racing team and sponsorship of extreme sports, has paid €211.4m in annual dividends to the family of Chaleo Yoovidhya, the drink’s inventor, who died in 2012.

 

A further €343m was paid to Dietrich Mateschitz, an Austrian businessman who discovered that the drink, called Krating Daeng in Thai, helped with his jet lag on a business trip in 1987 and partnered with Yoovidhya to promote Red Bull overseas.

 

Full story: https://www.theguardian.com/business/2020/nov/23/red-bull-pays-out-550m-to-founders-including-family-of-drinks-inventor

 

-- © Copyright The Guardian 2020-11-25

 

- Whatever you're going through, the Samaritans are here for you

- Follow Thaivisa on LINE for breaking COVID-19 updates

[Oldie 3,785]

I would like to have such a Mateschitz too that makes endless money for me. I never understood why he didn't produce his own drink. He has only 49 percent of the Thai company. Perhaps one of his biggest mistakes in his life. 

[PatOngo 44,800]

How much did they pay to the cocaine snorting, cop killer???

[ChipButty 15,643]

9 minutes ago, PatOngo said:

How much did they pay to the cocaine snorting, cop killer???

How much did they pay the cops you mean?

[mike787 3,491]

whatever

[ballpoint 15,802]

3 hours ago, Oldie said:

I would like to have such a Mateschitz too that makes endless money for me. I never understood why he didn't produce his own drink. He has only 49 percent of the Thai company. Perhaps one of his biggest mistakes in his life. 

Marketing someone else's idea, and still getting annual dividend payments of €343m 33 years later, is a mistake I'd be prepared to make.

[Oldie 3,785]

1 hour ago, ballpoint said:

Marketing someone else's idea, and still getting annual dividend payments of €343m 33 years later, is a mistake I'd be prepared to make.

I think he could have easily created his own chemical mixture with sugar and caffeine. Mateschitz is a marketing genius and would have sold this product too with great success. 

[Bob12345 6,284]

3 hours ago, Oldie said:

I think he could have easily created his own chemical mixture with sugar and caffeine. Mateschitz is a marketing genius and would have sold this product too with great success. 

Indeed, there are now a dozen energy drinks all tasting equally awful. Nobody buys it for the taste, its just marketing. And the "Thai" connection has never been part of the marketing meaning he could have just bought a dozen bottles in Thailand, figure out how to make it at home, and own 100% of this company floating on marketing.

[TEFLKrabi 883]

It’s really quite depressing that a man can earn a dividend of €343m and people can still find fault

[bodga 7,217]

8 hours ago, PatOngo said:

How much did they pay to the cocaine snorting, cop killer???

and arm and  a leg, and the rest of the body also I believe

[off road pat 2,122]

10 hours ago, Oldie said:

I would like to have such a Mateschitz too that makes endless money for me. I never understood why he didn't produce his own drink. He has only 49 percent of the Thai company. Perhaps one of his biggest mistakes in his life. 

"A further €343m was paid to Dietrich Mateschitz, an Austrian businessman" ,...I wouldn't call this a mistake !!!! it's a <deleted>**ing 343 million Euro !!!!!!!

 

[Oldie 3,785]

1 minute ago, off road pat said:

"A further €343m was paid to Dietrich Mateschitz, an Austrian businessman" ,...I wouldn't call this a mistake !!!! it's a <deleted>**ing 343 million Euro !!!!!!!

 

Without Mateschitz Red Bull would be nothing. Do you know his story? 

[pacovl46 1,885]

27 minutes ago, Oldie said:

Without Mateschitz Red Bull would be nothing. Do you know his story? 

The original Thai version sells more than well enough in thailand for the founder and his family to be well off. 

[ronaldo0 1,712]

Vile stuff . No idea how people can drink it !

[Oldie 3,785]

19 minutes ago, pacovl46 said:

The original Thai version sells more than well enough in thailand for the founder and his family to be well off. 

But the Mateschitz version sells worldwide. And this is a big difference.