Red Bull heir Mark Mateschitz – known as Europe’s richest millennial – is half a billion pounds richer after receiving his first dividend since inheriting his late father’s shares in the business.
The 31-year-old received a salary of £505 million from the energy drinks company, Bloomberg reported, citing documents from the Austrian company.
Mateschitz owns 49 percent of the company after his father Dietrich, the company’s co-founder, died last year.
Red Bull heir Mark Mateschitz (pictured) received a £505 million payment from the energy drinks company, Bloomberg reported, citing documents from the Austrian company
Red Bull, known for its marketing initiatives, including owning a Formula One racing team and a number of European soccer clubs, had sales of 8.4 billion pounds and profits of 1.4 billion pounds last year, Bloomberg reported.
A large portion was distributed to shareholders, including Mateschitz.
His fortune is estimated at £28 billion, says Forbes, where he is ranked 35th on the global billionaires list.
Mateschitz is said to have inherited a Fiji island, Austrian castles and properties in London’s posh Knightsbridge district.
He is considered one of Europe’s most eligible bachelors and last month it was reported that he was dating Victoria Swarovski, heiress to the Swarovski crystal empire.
His father founded Red Bull in 1987.