Red Bull allocated half of last year’s $1.6 billion profit among shareholders and paid Mateschitz, who owns 49% of the company, a total of $615 million, Bloomberg reported, citing documents posted on Austria’s corporate registry.
Mateschitz’s share of the company made him eligible for a $405 million payout that was supplemented by an additional $210.4 million, which was given as part of a company tradition of providing its Austrian owner with an extra payment, according toMost of Red Bull’s 2022 profit—the source of the shareholder payments—came from sponsorship payments, which raked in more than $1 billion for the company last year.Mateschitz’s father died last year at the age of 78.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: