Fleeing heir puts Red Bull’s future on the line

[realenglish1]

Well said however the media outside of Thailand are not following the story so as you said unless he appears at a sporting event it will probably die

on the vine 

He needs to wait  9 more years before the statute runs out 

 

Some how in my gut I hope they will nail this joker but my head says he will just disappear until the statute runs dry

 

It's clear he is running since he left his red jet and the airport and fanished 

 

What a real scumbag

He has a lot of class It's all low

[realenglish1]

4 hours ago, Bangkok Barry said:

 

Sshhh! Don't tell the Thais that Red Bull isn't Thai. Their fragile ego couldn't take it. Indeed, it was just a local brew until it was bought and properly manufactured and marketed by an Austrian. The Thai inventor didn't have a clue.

This is why they kept the name RED BULL They are laughing because then know its bull 

[anotheruser]

"Few countries share Thailand’s tolerance for wealthy suspects evading justice."

 

What a classic opening. Just keep your feet off the furniture and you are good.

[wakeupplease]

Dietrich Mateschitz, the billionaire behind soft drink Red Bull, formed the F1 team in 2005 having bought the remnants of Jaguar Racing from Ford

Not to mention the second team he owns also.

 

Never seen a Thai driver in F1 have you? I wonder why?

[steve williams]

Fact is the family owns the distributor rights to Ferrari in Thailand a I slice most of SEA

[sebastion]

I remember this old advertising campaign. I'll add my touches.

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[sebastion]

So Deitrich created it in Austria in the 1980's after being inspired by Krating Daeng.  How did that make the Thai family so indecently rich?  He surely did not pay them so many billions originally.  Did he buy the use of  the name and logo and pay them in shares of his new company perhaps instead of cash? Or is the name and trademark deal based on a volume  formula?  I assume that there is some indirect link to Boss's wealth.  Family shareholding in a successful overseas company by whatever means.  Power (wealth) corrupts.  Absolute power (wealth) corrupts absolutely.

I'll answer your question on how they become so rich. It has nothing to do with worldwide sales.
About a decade ago I remember the now deceased grandfather having a interview and he plainly stated that he was very wealthy selling it throughout Thailand. He profited to the tune of 11 million baht a day nationwide. This was a decade ago.


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[Blackheart1916]

14 hours ago, wakeupplease said:

Dietrich Mateschitz, the billionaire behind soft drink Red Bull, formed the F1 team in 2005 having bought the remnants of Jaguar Racing from Ford

Not to mention the second team he owns also.

 

Never seen a Thai driver in F1 have you? I wonder why?

Because F1 has race cars, not mini vans with no brakes driven by yaba munching fatigued drivers?

[zakk9]

5 hours ago, sebastion said:

I'll answer your question on how they become so rich. It has nothing to do with worldwide sales.
About a decade ago I remember the now deceased grandfather having a interview and he plainly stated that he was very wealthy selling it throughout Thailand. He profited to the tune of 11 million baht a day nationwide. This was a decade ago.


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So you mean that the money from the worldwide sales, which they own 51% of, they just throw into the bin?

[janclaes47]

5 hours ago, sebastion said:

I'll answer your question on how they become so rich. It has nothing to do with worldwide sales.
About a decade ago I remember the now deceased grandfather having a interview and he plainly stated that he was very wealthy selling it throughout Thailand. He profited to the tune of 11 million baht a day nationwide. This was a decade ago.


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That nationwide profit, together with the profits made international, would make him the richest man in the world in less than 1 year.

 

 

Keep dreaming about money.

[zakk9]

An interesting fact is that Red Bull on their international website don't have any reference to their Thai origins at all. "How it all began" reads

"Inspired by functional drinks from the Far East, Dietrich Mateschitz founded Red Bull in the mid 1980's. He created the formula of Red Bull Energy Drink and developed the unique marketing concept of Red Bull. In 1987, on April 1, Red Bull Energy Drink was sold for the very first time in its home market Austria. This was not only the launch of a completely new product, in fact it was the birth of a totally new product category. Today Red Bull is available in 171 countries and over 62 billion cans of Red Bull have been consumed so far."

 

Not so cool to be associated with their Thai co-owners anymore maybe?

 

While some of this is correct, the only really new thing about Red Bull was the marketing concept. "Energy drinks" have been available in large parts of Asia at least since the early sixties. Lipovitan, which is actually a Japanese product, was launched in 1962.

[impulse]

23 hours ago, pentap said:

But he is Thai!

And being a rich Thai, is probably considered above the law, in the eyes of the upper class, Thai establishment.

Surely he can do no wrong?

 

I'm pretty sure the Elite aren't too happy about the worldwide attention he's drawing to the good thing they have going in Thailand.

 

They may end up throwing him under the bus (or the Ferrari) to preserve the rest of their empires.

 

[JerryinTH]

Ironically his family is also the only official Ferrari importer in Thailand... 

[Xaos]

Did they issue arrest warrant yet?

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[realenglish1]

Reality is Red Bull can distance itself from the RUNNER . It's not owned by the family anymore has not been for a long time

 

Lets see what press they have with regard to it 

[JerryinTH]

11 minutes ago, Xaos said:

Did they issue arrest warrant yet?

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Crickets.. 

[Basil B]

22 hours ago, 12DrinkMore said:

Unlikely as it is a huge privately owned cash cow.

 

With the worldwide brand name, and some 40% of the energy drink market, even a complete idiot could not run it into the ground.

In business one either swims or sinks one can not tread water for ever. so the business must grow or it will decline and while the current owners can invest that is OK but one day they will need to borrow or raise capitol and that will be when they lose control and no outsiders will want that guy in the board room. 

[12DrinkMore]

4 hours ago, janclaes47 said:

 

9 hours ago, sebastion said:

I'll answer your question on how they become so rich. It has nothing to do with worldwide sales.
About a decade ago I remember the now deceased grandfather having a interview and he plainly stated that he was very wealthy selling it throughout Thailand. He profited to the tune of 11 million baht a day nationwide. This was a decade ago.


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That nationwide profit, together with the profits made international, would make him the richest man in the world in less than 1 year.

 

 

2012 world wide profits were stated to be USD 406,000,000 annually.

 

http://www.timeslive.co.za/lifestyle/2012/10/08/Red-Bull-profits-jump-40-percent-to-406-million

 

For a 49% share in the profits at say 30 Baht/USD he would be receiving 16 million Baht every day income.

 

Possibly the 11 million was world wide income a decade ago.

 

But a total pauper to the world's wealthiest in 2013.

 

Quote

 

Warren Buffett:  He made $12.7 billion this year or ~$37 million per day; ~$1.54 million per hour; or ~$25,694 per minute.

Bill Gates: He earned $11.5 billion this year which works out to be ~$33.3 million per day; $1.38 million per hour; or ~$23,148 per minute. 

Sheldon Adelson: The casino mogul earned $11.4 billion this year which means he made ~$33 million per day; ~$1.38 million per hour; or $22,946 per minute.

Jeff Bezos: He made $11.3 billion this year or ~$32.7 million per day; $1.36 million per hour; or ~$22,745 per minute. 

Mark Zuckerberg: The Facebook founder made $10.5 billion this year or ~$30.4 million per day; ~$1.27 million per hour; or ~$21,135 per minute.

 

 

Unbelievable. When Warren has a two second f4rt he will have earned USD 8,000.

http://www.businessinsider.com/what-warren-buffett-makes-per-hour-2013-12

 

I'm off for chicken fried rice at THB 40.

 

[12DrinkMore]

42 minutes ago, Basil B said:

In business one either swims or sinks one can not tread water for ever. so the business must grow or it will decline and while the current owners can invest that is OK but one day they will need to borrow or raise capitol and that will be when they lose control and no outsiders will want that guy in the board room. 

The company is still growing and making half a Billion profit every year with 11,000 employees. They are investing in new markets and new products.

 

That behemoth is not going to grind to a halt any day soon.

 

Do they even manufacture the stuff in Thailand? I thought is was all made in Austria.

[janclaes47]

55 minutes ago, 12DrinkMore said:

Warren Buffett:  He made $12.7 billion this year or ~$37 million per day; ~$1.54 million per hour; or ~$25,694 per minute.

Bill Gates: He earned $11.5 billion this year which works out to be ~$33.3 million per day; $1.38 million per hour; or ~$23,148 per minute. 

Sheldon Adelson: The casino mogul earned $11.4 billion this year which means he made ~$33 million per day; ~$1.38 million per hour; or $22,946 per minute.

Jeff Bezos: He made $11.3 billion this year or ~$32.7 million per day; $1.36 million per hour; or ~$22,745 per minute. 

Mark Zuckerberg: The Facebook founder made $10.5 billion this year or ~$30.4 million per day; ~$1.27 million per hour; or ~$21,135 per minute.

 

I think something is wrong with the figures you quote, because most of the peop[e you quote had a decrease of their fortune over the past year, much less earning $11 billion.

 

There is a difference between revenue and earnings I guess.

 

https://www.forbes.com/billionaires/list/#version:realtime

[connda]

Few countries share Thailand’s tolerance for wealthy suspects evading justice

Dubai, UAE seems to quickly come to mind as a place that is rather tolerance of the wealthy evading justice.  Hummm, why did that come to mind so fast.  Hummm.  

[janclaes47]

Just now, connda said:

Few countries share Thailand’s tolerance for wealthy suspects evading justice

Dubai, UAE seems to quickly come to mind as a place that is rather tolerance of the wealthy evading justice.  Hummm, why did that come to mind so fast.  Hummm.  

Did the person you have in mind commit a crime in Dubai?

[12DrinkMore]

16 minutes ago, janclaes47 said:

 

I think something is wrong with the figures you quote, because most of the peop[e you quote had a decrease of their fortune over the past year, much less earning $11 billion.

 

There is a difference between revenue and earnings I guess.

 

https://www.forbes.com/billionaires/list/#version:realtime

 

The reference was from 2013.

 

But yep, the wealth is generated from either profits, or equity price increase or dividends.

 

Red Bull is a pure income play, as the stocks are not listed. The other guys' wealth increase is based on equity and dividends.

 

[The Deerhunter]

11 hours ago, sebastion said:

I'll answer your question on how they become so rich. It has nothing to do with worldwide sales.
About a decade ago I remember the now deceased grandfather having a interview and he plainly stated that he was very wealthy selling it throughout Thailand. He profited to the tune of 11 million baht a day nationwide. This was a decade ago.


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That might be dropping off a bit lately.......hopefully.....

[fish monger]

This crap will not hurt R/B one damn bit...Hasn't in five years, won't be any different in the future... Way too much money....!

[sebastion]

 
That nationwide profit, together with the profits made international, would make him the richest man in the world in less than 1 year.
 
 
Keep dreaming about money.

Your mathematics is terrible. Get yourself a calculator.
11 million baht a day x 365 days is a tad over 4 billion baht. That's around 120 million dollars per year.
Hardly the richest man in the world. Would never get that milestone in a lifetime.

This was his own words. He clearly stated thats domestic profits.



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[JerryinTH]

It has zero impact worldwide. 

 

[anon4546543]

On 2017-5-9 at 6:03 AM, wakeupplease said:

RedBull is not a Thai company. Austrian entrepreneur Dietrich Mateschitz was inspired by an existing energy drink named Krating Daeng, which was first introduced and sold in Thailand by Chaleo Yoovidhya.

 

So how does RedBull or Dietrich Mateschitz become responsible for the actions of the grandson. Dietrich licensed the product from Chaleo and made it a worldwide success?

 

This is nothing to do with RedBull or Dietrich Mateschitz but everything to do with the government here who let off rich people.

 

This is like the FB stories of Mercedes and Ferrari not letting Redbull F1 having their engines due to the actions of this Thai driver. Fact is Redbull have always used Renault engines and in 2017 under the TAG sponsorship banner. The reason that both Mercedes and Ferrari will not let Redbull have their engines is a guy called Adrian Newey who is the worlds no 1 designer of F1 cars and that is a fact.

 

So look closer to home for excuses please.

Regardless, he is an heir to Redbull. He lives a lifestyle based on income from Redbull. So either he or the organisation must mitigate the negative impacts to the company or the company accept and tolerate the negative impact. Either way, the news is out, a Redbull incumbent seeks to flaunt and circumvent natural justice whilst living the highlife. Not a good image for the company, no matter who owns it.

[Langsuan Man]

Nobody in the rest of the world cares, hell most think Thailand is Taiwan, because they both start with a T

 

Only Thais think that they are important on the world stage and anyway, money is number one here, not international recognition 

[DILLIGAD]

Nobody in the rest of the world cares, hell most think Thailand is Taiwan, because they both start with a T
 
Only Thais think that they are important on the world stage and anyway, money is number one here, not international recognition 

Agree
A bit like Austria and that other place (joke)


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