Red Bull Formula One owner Dietrich Mateschitz dies at 78

This photograph taken on July 9, 2017 shows Red Bull co-founder and CEO Dietrich Mateschitz after the Austrian Formula One Grand Prix at the Red Bull Ring in Spielberg. Red Bull founder Dietrich Mateschitz, who made the energy drink a global phenomenon and forged a title-winning Formula One team and a sports empire, died on Sunday, October 22, 2022 aged 78, the company said. - AFP

AUSTIN, Texas, Oct 23 (AP): Austrian billionaire Dietrich Mateschitz, the co-founder of energy drink company Red Bull and founder and owner of the Red Bull Formula One racing team, has died. He was 78.

Officials with the Red Bull racing team at the United States Grand Prix in Austin, Texas, announced Mateschitz's death Saturday. There was no immediate word where he died, or a cause of death.